Tycoon pledges £1bn to charity

first_img Tagged with: Giving/Philanthropy Major gift  25 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 18 July 2007 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tycoon pledges £1bn to charitycenter_img He told the BBC that he was concerned about the growing gap in the UK between rich and poor and wanted to boost opportunities for those at the bottom. The £1bn will be spent on venture philanthropy projects to combat poverty in Africa, support education projects in the developed world and tackle “the root causes of societal problems through holistic and systemic interventions”.*Hunter will be the lead speaker at the ‘Raising funds from the Rich 2007’ conference on 9 October in London. The conference is run by Action Planning in conjunction with Acevo, Coutts, Third Sector, UK Fundraising and CAF. Sir Tom Hunter, Scotland’s richest man, has promised to give away at least £1bn to charity, making what is believed t be the single most generous philanthropic commitment made by a Briton.Hunter’s estimated wealth is £1.05bn and he says it will take years to transfer the cash, but that he is committed to giving it away. He has already given £100,000 to help fight inequality in Scotland and Africa.Hunter made his millions from the Sports Division chain of shops and he now ranks equal 60th in The Sunday Times Rich List. Advertisement About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img

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