May saw the Sunday Times release its annual Giving List for 2021, where those in the UK are ranked depending on their ‘Giving Index’. This index is calculated by dividing the total sum of an individual or group of individuals by their total wealth, giving a percentage figure.
But who exactly are these generous givers who come from all aspects of society? How did they earn their riches? And what forms of charity are they most interested in? Below, Silver Linings News devotes a separate article to take a look at each of those who made it into the top 20 of the list:
2) Lord Sainsbury
Politician, businessman and philanthropist Lord David Sainsbury and the rest of the Sainsbury family have continued with the long line of philanthropic tradition through a large network of charitable trusts.
Some 20 independent grant-making trusts and charitable companies are run under The Sainsbury Family Charitable Trusts umbrella, established by three generations of the family. According to the Trust website, ‘the trusts’ support for charitable causes over more than 50 years represents one of the leading examples of sustained philanthropy in Britain.’ In 2003 Sainsbury was granted the Andrew Carnegie Medal for Philanthropy.
His philanthropic efforts do not end here; having joined the Giving Pledge, together with his wife Suzie, he has pledged to donate half his fortune – currently valued at £512m- to charitable causes over the course of his lifetime. This year, The Sunday Times Giving List notes that he has hit a 44.66% Giving Index through donations of £228.7m.
Lord Sainsbury was made a life peer for the Labour Party in 1997 and served in government as the Minister for Science and Innovation from 1998 to 2006. He has also been recognised as the UK’s biggest political donor, having donated £8 million to the Liberal Democrats Party in 2011.