We define philanthropy as the giving of resources in an engaged and strategic way for maximum impact and in a tax efficient manner. It can include the giving of money, assets, time, talent, voice and one’s social capital. We believe in the power of philanthropy as a great social connector and the source of many great opportunities.

City Philanthropy

A Wealth of Opportunity

11 City philanthropists celebrated at Beacon Awards

Feb 7th 2013

Eleven City philanthropists were named among 33 of the most prestigious philanthropists in the UK as Beacon Fellows for 2013, at the 8th Beacon Awards for Philanthropy held on 6th February at Mansion House, London.

The Awards, sponsored by J.P. Morgan Private Bank and supported by the City of London Corporation’s charity City Bridge Trust and Pears Foundation, celebrate outstanding philanthropic achievement made by individuals, families and small groups of individuals working collaboratively across seven distinct Beacon categories¹. They highlight key trends in philanthropic giving and pioneering developments including the growing focus for donations of money, along with time, talents and social capital to support future generations and local initiatives in the UK.

The winners of the City Philanthropy award, a category introduced for the first time this year, were ex-Man Group, former Goldman Sachs and Prudential chairman Harvey McGrath, entrepreneur John Stone who made his wealth in insurance, and a group of nine young professionals from a number of City firms who together founded the Young Philanthropy Syndicate: Michael Harris, Adam Pike, Sam Cohen, Alex Dwek, Alex Gardner, Paul Gorrie, Niccolo Manzoni, Jack Prevezer, Conor Quinn.

Both McGrath and Stone won special Judges Awards for their philanthropic work and as role models, along with author JK Rowling and Sir Vernon Ellis.

Collectively, the 33 Beacon Fellows have donated £100million to philanthropic causes, across a mix of local and global organisations, large institutions and grassroots charities. Causes supported include those with a strong focus on community and social issues, such as youth and deprivation, as supported by The Volant Charitable Trust founded by J.K. Rowling, who is also commended² as a Special Award Beacon Fellow for sustained contribution to society. In addition, the 2013 Beacon Fellows have helped to reinvent philanthropy for the modern age - establishing new income generation mechanisms, philanthropic models, funding vehicles and giving platforms, with the aim of providing generations to come with a better future.

Tracey Reddings, Head of UK Private Wealth Management at J.P. Morgan Private Bank added: “The philanthropists that have been recognised across a range of categories have made a significant difference to good causes around the world, as well as those close to home. It is encouraging to see the positive impact donations have made in a period when the UK economy and individuals have been hit by recession, as well as the considerable time and effort being put into making a sustainable difference or significant impact towards such charitable projects. We hope that this year’s Beacon Fellows will promote the fulfillment that philanthropy can bring, and inspire others to start their own philanthropic journey to create legacy for generations to come.” 

The Beacon Fellows were selected following a stringent judging process by a panel comprising of some of the leading philanthropists, philanthropy practitioners and advisors in the UK, who whittled down a list of initial nominations made in October. The awards celebrate philanthropists who have set the standards of best practice in philanthropy and whose work in this field has made a sustainable difference, a significant impact, or work to inspire future generations.

 The final judging panel³ for the Beacon Awards consisted of eight esteemed philanthropists or those associated closely with philanthropy, including Duncan Bannatyne, Kate Adie, the Lord Mayor of the City of London Corporation, Roger Gifford, and five other respected judges.

Commenting on receiving the Judges’ Special award, J.K. Rowling OBE and Founder of The Volant Charitable Trust noted: “Being recognised by The Beacon Fellowship means a great deal to me; it validates the work we are doing at The Volant Charitable Trust while recognising the value of giving in a thoughtful and intelligent manner, both of which we strive to do.

None of us who are privileged in our daily lives and fortunate enough to have more money than we need should require a pat on the back for the act of giving, but we do need help to spread the word that responsible giving can make a difference; to individuals and communities, locally, nationally, and internationally. The Beacon Awards are a great way to convey that message.”

The full list of winners are:

Beacon Award for City Philanthropy

  • Harvey McGrath - Chair of the education charity, The Prince’s Teaching Institute
  • John Stone – Founder of The Stone Family Foundation
  • 2011/12 Young Philanthropy Syndicate Founders (Michael Harris, Adam Pike, Sam Cohen, Alex Dwek, Alex Gardner, Paul Gorrie, Niccolo Manzoni, Jack Prevezer, Conor Quinn)

Beacon Award for Targeted Philanthropy

  • Paul Marshall - Co-founder and trustee of global children’s charity ARK
  • Gordon Morrison - Chairman of Sargent Cancer Care for Children
  • J.K. Rowling OBE – Founder of The Volant Charitable Trust

The Beacon Award for Philanthropy Advocate

  • Angila Chada & Michael McKibbin - Ambassadors for the Community Foundation NI
  • Harris Bokhari – National advisory board member for the HRH Prince of Wales charity Mosaic
  • Sir Thomas Hughes-Hallett – Ex-Chief Executive of Marie Curie Cancer Care
  • Kavita Oberoi - Chair of the Global Girls’ Fund Board

 

Beacon Award for Place-Based Philanthropy

  • Nick Ferguson CBE & Jane Ferguson – Founders of The Kilfinan Trust
  • Jack Morris OBE - Chairman of the Business Design Centre Group

The Beacon Award for Cultural Philanthropy

  • Carol Colburn Grigor CBE – Manages her family-founded Dunard Fund
  • Lloyd Dorfman CBE – Member of the NT Board
  • Sir Vernon Ellis - Chairman of the National Opera Studio, President of English National Opera, Chair of the British Council, President of the Classical Opera Company, former Trustee of the Royal College of Music and RCM Fellow

The Beacon Award for Impact Investment

  • Sir Ronald Cohen – Ex-Chair of the UK’s Social Investment Task Force
  • Nick O’Donohoe - CEO of Big Society Capital and on the Board of the Global Impact Investing Network
  • John Pontin OBE & Wendy Stephenson – Founders of Converging World charity

Beacon Award for Pioneering Philanthropy

  • Richard Bradbury CBE – Fundamental supporter of the charity Scope
  • Stephen Dawson OBE - Co-founder of Impetus Trust
  • Michael Norton OBE – Founder of over 40 charities including Youthbank and www.buzzbnk.org
  • Marcelle Speller OBE – founder of Localgiving.com

 

² Four Special awards were made by board of judges to the following, commended for demonstrating the highest standards of philanthropy in the UK today:

  • Sir Vernon Ellis - Chairman of the National Opera Studio, President of English National Opera, Chair of the British Council, President of the Classical Opera Company, former Trustee of the Royal College of Music and RCM Fellow
  • Harvey McGrath - Chair of the education charity, The Prince’s Teaching Institute
  • J.K. Rowling OBE – Founder of The Volant Charitable Trust
  • John Stone – Founder of The Stone Family Foundation

 

3 Beacon Fellowships are awarded by the Judging Committees, listed below:

Board of Judges

Kate Adie OBE
Duncan Bannatyne OBE
The Rt Hon Lord Mayor, Roger Gifford
Dame Mary Marsh
Trevor Pears CMG
Baroness Usha Prashar CBE
Sir Alec Reed CBE
Tracey Reddings

Judging Committees

Dawn Austwick OBE
Diana Barran MBE
David Carrington
Philippa Charles
Stephen Cohen
Clive Cutbill
Rebecca Eastmond
Sir Christopher Gent
Charlie Green
Hugo Greenhalgh
David Hall
Kurt Hoffman
Lord Robin Janvrin GCB GCVO QSO PC
Kristoffer Jonsson
Tim Joss
Carol Lake
Stephen Lloyd
Clare Thomas MBE

 

For further information on the 2013 Beacon Awards, please visit: http://beaconfellowship.org.uk/

 

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