Charity Commission chair urges the top one percent of earners to be more philanthropic
Last week, Orlando Fraser KC, the Chair of the Charity Commission, delivered a keynote speech at the University of Kent calling for greater philanthropic giving, specifically from the top one percent of earners.
In an article for eprivateclient, partner Owen Byrne analyses the speech, entitled ‘Philanthropy Past, Present and Future’, and breaks down the reasoning for the claim that more philanthropic donations are required. He writes:
‘Why the need for greater philanthropy? Most immediately, demand for the services charities provide is at its highest. Second, he sees it is a crucial part of an “implicit, national social contract”, also referred to as a moral imperative, that with great privilege comes great responsibility, the privilege being the opportunity for wealth creation made possible by the economy.
Those on “average incomes” could not be expected to shoulder the burden because the cost of living is squeezing their resources already, and the government cannot be expected to make up charities’ shortfalls, though their additional support of £750 million for charities during the Covid pandemic was specifically mentioned as crucial support at that time.’
The full article can be read on the eprivateclient website.