How much churn is there amongst the largest UK grant-making foundations (by giving budget)? One might expect basically none, because huge foundations don’t get created very often, and foundations don’t compete for resources. Giving Evidence looks at these data each year for our work on the Foundation Practice Rating, and we find that there is a surprisingly high amount of churn. These are the data for the last few years.

Why is that churn there? We haven’t investigated so can’t say. Maybe it’s related to investment income – because success there might enable larger giving budgets. Maybe it’s related to other income, e.g., BBC Children in Need and Comic Relief, which were both in the top 5 in 2019, raise their grant budgets from the public, which one might expect to rise and fall.