Share

David Hockney tops Giving List

David Hockney tops Giving List
News

David Hockney tops Giving List 2

Fundraising | Celina Ribeiro | 30 Apr 2012

Artist David Hockney gave away more than twice his wealth in 2012, to become the most generous person on the Sunday Times Giving List.

The Rich List, published yesterday, revealed a nearly 5 per cent increase in the wealth of Britain’s richest people to top £414bn – more than before the 2008 financial crash. More of them, however, are also giving their money away, according to the Charities Aid Foundation, which produces the Giving List with the newspaper. For the first time, 100 of the wealthiest people named in the list gave away at least 1 per cent of their income to good causes.

The Giving List, which is published alongside the Rich List and ranks philanthropists according to how the proportion of their wealth they give away, featured Hockney as a new entrant after the artist gifted his eponymous foundation with £78.1m of his artwork. Last year’s top giver, Arung Dikshit, donated £23.4m - or 66.72 per cent - of his wealth to come in third place, with Christopher Cooper-Hohn, who gave away £72.1m, in second.

Impact is a central concern for the Giving List philanthropists, nine out of ten of whom said they are confident that their gifts have had an impact. Giving strategically was also identified as important to 81 per cent of them, according to CAF which surveyed the wealthy for their views on philanthropy.

Two-thirds said they were motivated by the enjoyment they got from giving.

Fundraising magazine features monthly interviews with major donors. In the May issue, we speak to Richard Ross, ranked 24th on the Sunday Times Giving List, about his giving.

To read what he thinks about charity, and keep up to date with other philanthropists and funders, subscribe to the magazine or check out the Meet the Funders section online. 

David
1 May 2012

He is similar to the Bank of England in the way that they can print money out of fresh air. David Hockney can create new art, and then an art auctioneer determines its value based on sale of previous similar items. If he has a warehouse full of previously unsold items someone will say that they are worth x amount. If he wanted to sell, then this is what they would be worth.

Or am I wrong?

Jo Wood
30 Apr 2012

How can anyone give away more than what they own, let alone twice as much ?

That just doesn't make sense ?

What's the explanation ?

Comments

[Cancel] | Reply to:

Close »

Community Standards

The civilsociety.co.uk community and comments board is intended as a platform for informed and civilised debate.

We hope to encourage a broad range of views, however, there are standards that we expect commentators to uphold. We reserve the right to delete or amend any comments that do not adhere to these standards.

We welcome:

  • Robust but respectful debate
  • Strongly held opinions
  • Intelligent relevant discussion
  • The sharing of relevant experiences
  • New participants

We will not publish:

  • Rude, threatening, offensive, obscene or abusive language, or links to such material
  • Links to commercial organisations or spam postings. The comments board is not an advertising platform
  • The posting of contact details for yourself or others
  • Comments intended for malicious purpose or mindless abuse
  • Comments purporting to be from another person or organisation under false pretences
  • Gratuitous criticism, commentary or self-promotion
  • Any material which breaches copyright or privacy laws, or could be considered libellous
  • The use of the comments board for the pursuit or extension of personal disputes

Be aware:

  • Views expressed on the comments board are left at users’ discretion and are in no way views held or supported by Civil Society Media
  • Comments left by others may not be accurate, do not rely on them as fact
  • You may be misunderstood - sarcasm and humour can easily be taken out of context, try to be clear

Please:

  • Enjoy the opportunity to express your opinion and respect the right of others to express theirs
  • Confine your remarks to issues rather than personalities

Together we can keep our community a polite, respectful and intelligent platform for discussion.

Free eNews

DFID announces UK's first development impact bond

17 Apr 2014

The UK is to launch the first development impact bond - an international version of the social impact...

Sector 'extraordinarily disconnected' from public, CFG chair says

15 Apr 2014

Charities are becoming “extraordinarily disconnected” from donors and supporters who do not understand...

Stephen Frost announced as Charity Awards host

15 Apr 2014

Civil Society Media is delighted to announce that this year's Charity Awards will be presented by actor...

Paula Sussex to be the next Charity Commission chief executive

17 Apr 2014

Paula Sussex, senior vice president, public sector of CGI, has been appointed the new chief executive...

Impact of welfare reforms felt by 95 per cent of Yorkshire charities

17 Apr 2014

A report published today which looks at the impact of welfare reforms in the region of Yorkshire and Humber...

Trussell Trust sees use of its foodbanks 'almost triple' in a year

16 Apr 2014

The number of people using the Trussell Trust’s foodbanks rose from 347,000 to 913,000 in a single year,...

'Technology can offer charities more than just online donations'

10 Apr 2014

Charities are focusing too much on using digital tools for fundraising instead of how technology can be...

Amnesty calls for 'full and frank disclosure' on alleged US surveillance

9 Apr 2014

Amnesty International has warned that alleged mass surveillance by the American intelligence agency NSA...

Virgin Money Giving launches app following year of growth

1 Apr 2014

Virgin Money Giving has launched an app for users after reporting that 30 per cent of traffic to its platform...

Join the discussion

Twitter button

@CSFundraising