Donors made a record number of gifts in excess of £1 million ($1.52 million) to British charities last year and contribution amounts rose significantly, Forbes writes, citing the latest edition of the Coutts Million Pound Donor report.
The annual survey, conducted since 2008, records 298 seven-figure gifts to nonprofits and foundations in 2014. The donations were collectively valued at £1.56 billion ($2.37 billion), with foundations receiving the largest share (36 percent). The mean gift totaled £5.3 million ($8.05 million), 15 percent more than in 2013.
The return to levels of giving not seen since the financial crash shows "that donors' confidence is recovering, and that charities are trusted to make good use of significant sums, despite the recent torrent of negative media headlines about [U.K. charities'] fundraising practices," said Beth Breeze of the Centre for Philanthropy at the University of Kent, one of the Coutts report's authors.