We define philanthropy as the giving of resources in an engaged and strategic way for maximum impact and in a tax efficient manner. It can include the giving of money, assets, time, talent, voice and one’s social capital. We believe in the power of philanthropy as a great social connector and the source of many great opportunities.

City Philanthropy

A Wealth of Opportunity

More City philanthropy is aim of new campaign

Jun 11th 2012

A campaign to encourage more philanthropy among workers in the City of London and Canary Wharf by highlighting the opportunities that come with giving launches at a celebratory event at Mansion House on July 2nd.

‘City Philanthropy – a Wealth of Opportunity’, funded by City Bridge Trust, The City of London Corporation’s charity will focus on the opportunity philanthropy delivers to individuals, business and the City as well as how it benefits society.

It will aim to  engage people with philanthropy earlier in their careers and help to establish the City as a global centre for philanthropy.

Based on the findings of the 2007 Give and Let Give report from Policy Exchange that identified financial services professionals as having the wealth and skills to make them leaders in the development of a national culture of philanthropy, the new initiative will build on the good work already being done by City institutions, corporations and individuals.

The campaign aims to increase the capacity for giving by addressing issues of motivation, ability and opportunity and will promote philanthropy as part of a successful City career.

We know philanthropy is good for society and vital to a well-functioning one. What is not so often talked about are the many amazing and enriching experiences philanthropy returns to the giver moved to support a cause,” says Cheryl Chapman, of Philanthropy UK, which is spearheading the campaign.

This initiative will showcase the wealth of opportunity philanthropy offers to the individual, business and the City as a whole.  We hope to encourage people to incorporate philanthropy into their careers, rather than finding philanthropy at the end of their careers, as is often the case.”

Evidence shows individuals moved to volunteer and support public benefit programmes perform better in their careers. Businesses also benefit in terms of recruitment and retention.

 “We are already aware of a number of young philanthropists’ networks in the City whose members are enjoying learning new skills, gaining new responsibility and accessing new networks as part of making a difference to the issues that concern them. This campaign will help their voices be heard and allow their experiences to be shared so that more might be encouraged to join them,” says Chapman.

Thomas Hughes-Hallett, chairman of the Philanthropy Review and ex-City banker added his support for the campaign: “I have always believed that philanthropy is not just the responsibility of the more mature amongst us. In fact, I often think that younger people, just starting out in their careers, are sometimes even more philanthropically minded than their parents’ generation. They don’t just engage with giving, but they fervently believe that it is their duty to give something back, either financially or by volunteering their time. To ensure a healthy culture of giving in the future, we must enthuse and encourage everybody who can do so to support the causes they care about and I applaud the City Philanthropy initiative for aiming to do just that.”

The Lord Mayor of London David Wootton commented on the opportunity that exists for the City: Philanthropy, including social investment, requires the infrastructure and expertise seen in other financial markets if it is to develop into a financing sector in its own right. London and specifically the City provides the right environment and the social and financial capital to drive that development. But it should move swiftly if it is to take advantage of this opportunity. I am delighted the campaign will be championing the City in this way. ”

Alderman Roger Gifford, Freeman, Liveryman, chairman of the Association of Foreign Banks in London and Head of UK operations for SEB, also welcomed the campaign: “It aims to raise the profile of philanthropy in the City and raise the profile of the City in philanthropy – and both are excellent aims."

A new website (www.cityphilanthropy.org.uk) will provide a hub for City philanthropy activity, offering advice, news and information as well as the opportunity for philanthropists to network and connect with causes.

As part of the campaign, The Funding Network is working with Philanthropy UK to create giving events aimed at early career philanthropists, defined by fun and unique social experiences.

The Mansion House event will also celebrate the 10th anniversary of The Funding Network, billed as the dragon’s den of charitable giving that was co-founded by Dr Fred Mulder to offer people to socialise around giving.

If you wish to attend the anniversary celebration giving event and launch, contact The Funding Network.

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