UK Community Foundation annual report shows the power of local communities during tough times

Finally, we wanted to highlight that just before Christmas, UK Community Foundations (UKCF), one of the UK’s largest funding networks, has published its annual report, “Philanthropy 2023”.

UKCF members have distributed over £170.6 million – 40,804 grants – to charities and voluntary organisations in the financial year 2022-2023. In its annual report UKCF highlights the determination of UK communities to overcome the financial crisis and address the root causes of social inequity through local philanthropic action. 

The report highlights that continual financial inequalities and affected mental health from the Covid pandemic are some of the contributing factors that have led to the increase in demand of local charitable services in 2023. It also notes that, according to a survey conducted by the National Council for Voluntary Organisations (NCVO), one in five charities are having to reconsider keeping their vital services open due to their own financial difficulties. With 2024 set to be a year of political uncertainty, both within the UK and internationally, financial sustainability will be a top priority for many. 

UK Community Foundations mange over £811 million in community-focused endowments and are there to support the vital work that is performed by charities and should be considered a key partner when considering the provision of local services.