We're a Very Giving Lot; the Wealthiest People in the North East Are the Most Generous in the Country When It Comes to Charitable Donations. Now a Handbook Has Been Published to Help Them Give Their Money Away. MIKE KELLY Reports

The Journal (Newcastle, England), June 2, 2014 | Go to article overview

We're a Very Giving Lot; the Wealthiest People in the North East Are the Most Generous in the Country When It Comes to Charitable Donations. Now a Handbook Has Been Published to Help Them Give Their Money Away. MIKE KELLY Reports


IF you were to come up with people who, rightly or wrongly, had become the personifcation of banking greed in the eyes of the public, you could do worse than choose former Barclays boss Bob Diamond and his right hand man Rich Ricci.

Their names became synonymous with the acquisitive ills of the banking system, like real life versions of the fictional character Gordon Gekko in the film Wall Street.

During a series of bank bail-outs following the collapse of Northern Rock in 2008 - though none directly to Barclays - the pair, amongst others, continued to trouser millions in bonuses as a disbelieving and disgusted public looked on.

They seemed to flourish as ordinary people suffered because of a recession largely caused by the antics of bankers in the investment side of the business like them.

The name of Barclays itself became for a time toxic, while its high earning investment clients were similarly disparaged by the public.

Diamond was the first to go in 2012 after the Libor rate fixing scandal led to Barclays being fined PS290m.

A year later it was Ricci's turn, his 'fall' cushioned by a PS700,000 golden handshake and bonuses estimated to be worth around PS18m.

For the last couple of years the bank has slowly and quietly been trying to re-build its reputation and offer reminders that the well-off do some good too.

It might come as a surprise that Barclays has a 'Philanthropy Service'. A further surprise might be that research carried out for it revealed that 59% of "high net worth individuals" - people with more than PS500,000 or currency equivalent in investible assets - in the North East plan to give to charity during their lifetime, the highest proportion in the UK where the average is 48%.

And so Barclays has launched a new, comprehensive guide to support its Philanthropy Service for their rich clients.

Called 'Philanthropy: Your Guide to Giving', it provides step-by-step advice and answers questions about all aspects of charitable giving.

The guide, the first of its kind from a UK private bank, will be used by Barclays in the North East to engage, educate and support clients with their giving efforts, including research, master classes and workshops.

Emma Turner, Head of Client Philanthropy, Barclays Wealth and Investment Management, said: "We know that clients in the North East are increasingly looking to become involved in giving, but often face challenges in getting started, particularly when it comes to thinking about giving for the first time, what it means to them and the impact this will have.

"There are a number of common questions that people are seeking answers to, from where they should start and how much should they give, to how to ensure success.

"The guide aims to answer these questions, providing clients with the knowledge, confidence and motivation to start and enjoy their giving." Featuring practical information on topics from charity governance to putting a board together, the guide is designed to cover the complete philanthropic journey.

Ms Turner added: "There are also a couple of areas which we think are important and not often written about. One is thinking about the talent and skills needed for the people who may join you on your board and, equally important, what you need to think about if you're asked to be a trustee of a charity. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

We're a Very Giving Lot; the Wealthiest People in the North East Are the Most Generous in the Country When It Comes to Charitable Donations. Now a Handbook Has Been Published to Help Them Give Their Money Away. MIKE KELLY Reports
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Author Advanced search

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.