Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Latest News

GIVING TO UNIVERSITIES IN THE UK AND IRELAND REACHES AN ALL-TIME HIGH OF £1.37 BILLION IN FUNDS RECEIVED IN 2022-23

Published

on

New funds received remain steady, resulting in the highest historical level for the second year running, according to the 2022-23 CASE Insights on Philanthropy (United Kingdom and Ireland) survey results 

LONDON, May 9, 2024 /PRNewswire/ — The CASE Insights on Philanthropy (United Kingdom and Ireland) 2022-23 report, released today by the Council for Advancement and Support of Education (CASE), finds that funds (cash) received by 92 participating higher education institutions in the UK and Ireland hit an all-time high of £1.37 billion in the survey year ending 31 July 2023. New funds committed for university use totalled £1.43 billion, fractionally down (3.5%) from the previous year. These giving totals demonstrate continued and significant philanthropic support to the higher education sector.

“It is heartening to see such a significant level of philanthropic support for higher education in the UK and Ireland despite uncertain and challenging times,” says Sue Cunningham, President and CEO of CASE. “The ongoing fundraising successes in the region can be attributed to the thoughtful partnership between academic leaders, advancement professionals and philanthropists who share a common vision and passion for advancing education to transform lives and society.”

“Philanthropy provides welcome funding – and outstanding potential for growing income – to a sector which is facing rising cost bases and flattening income streams,” adds TJ Rawlinson, member of the Editorial Committee for the CASE Insights on Philanthropy (United Kingdom and Ireland), and Director of Development and Alumni Relations, Cardiff University. “A rising tide has the potential to float many boats, even the smallest ones.”

The report’s data insights include:

New funds committed: Organisations, such as trusts and foundations, companies, and lottery, are the primary sources of philanthropic support to the sector, accounting for 73.0% per cent of committed funds reported in 2023. Gifts from individuals, including alumni and non-alumni, contributed 27.0% of new funds. While individuals (both alumni and non-alumni) accounted for 94.4% of total donors, the number of alumni donors has continued to decline, down 1.3% compared to the previous year. 

The number of institutions raising more than £20 million each in new funds committed has remained the same as the 2021-22 reporting period, an all-time high of 12 institutions. Ten institutions received funds ranging from £10 to £19.9 million, and 14 institutions received between £5 and £9.9 million. Amongst 66 institutions that provided data, 232 donors made gifts or pledges of £500,000 or more during 2022–23 (excluding Oxbridge institutions).

Funds received: The average funds received increased by 25.1% from the previous year. For 2022-23, 40.0% of the average funds received were given by individuals, and 60.0% originated from organisations. The majority (59.8%) of the total funds received were for restricted current use, followed by 17.2% for capital purposes (including property, buildings, and equipment), 15.1% for endowments, and the remaining 7.8% for unrestricted current use. The total funds received from legacy donations totalled £134 million in 2022-23. 

These outcomes reflect deep engagement and a commitment to long-term institutional investment in delivering advancement programmes that are professional and accountable. continues Cunningham. “All of our CASE Insights research demonstrates that the institutions that are most successful in philanthropic engagement are those where there is a consistency of leadership and an innovative and tailored approach to genuine stakeholder engagement.”

“It is pleasing to see the Survey participation rise this year. Contributions from both newcomers and returning institutions are warmly welcomed,” says Rawlinson, Participation matters hugely: using a comprehensive data set from across the sector, CASE Insights can best analyse and understand sector trends, and identify best practice. We learn from each other, and we better understand how to bring the impact of university research and education to life for our donors and friends.”

The CASE InsightsSM on Philanthropy (United Kingdom and Ireland) survey, formerly the CASE-Ross survey, is the definitive source of data about philanthropic support for nonprofit and public higher education institutions in the U.K. and Ireland. CASE, now in its 50th year of supporting advancement professionals, is dedicated to building recognition of the importance of philanthropic support and demonstrating strategic impact, and the difference such support makes to recipient institutions and the many thousands of lives touched by them.  

About CASE

CASE—the Council for Advancement and Support of Education—is a global, not-for-profit membership association with a vision to advance education to transform lives and society. 

CASE is the home for advancement professionals, inspiring, challenging, and equipping them to act effectively and with integrity to champion the success of their institutions. CASE defines the competencies and standards for the profession of advancement, leading and championing their dissemination and application with more than 97,000 advancement professionals at over 3,000 member institutions in more than 80 countries. 

Broad and growing communities of professionals gather under the global CASE umbrella. Currently, these include alumni relations, advancement services, communications, fundraising, government relations, and marketing. These professionals are at all stages of their careers and may be working in universities, schools, colleges, cultural institutions, or other not-for-profits. CASE uses the intellectual capital and professional talents of a community of international volunteers to advance its work, and its membership includes many educational partners who work closely with the educational sector. 

CASE InsightsSM is CASE’s global resource for educational advancement-related metrics, benchmarks and analytics. Specialised CASE InsightsSM data, standards, and research enable members to make data-informed decisions, demonstrate strategic impact, and highlight success stories, whilst adhering to the ethical practices of the advancement profession. For more information, visit www.case.org/case-insights. 

The CASE InsightsSM on Philanthropy (United Kingdom and Ireland) survey collects detailed information about gift revenue, fundraising costs, and donors to measure the philanthropic performance of universities. In 2023, CASE and More Partnership joined forces to analyse a decade of fundraising trends within the UK higher education sector and offer recommendations for the future. Among a range of sources, the CASE-More UK Philanthropy Report was informed by ten years of data from the annual CASE-Ross survey, the previous name of the CASE Insights on Philanthropy (United Kingdom and Ireland) survey, alongside interviews with leading practitioners, influencers and philanthropists.

Headquartered in Washington, D.C., CASE works across all continents from its regional offices in London, Singapore, and Mexico City to achieve a seamless experience for all of its stakeholders, particularly its members, volunteers, and staff. For more information, visit www.case.org.

View original content:https://www.prnewswire.co.uk/news-releases/giving-to-universities-in-the-uk-and-ireland-reaches-an-all-time-high-of-1-37-billion-in-funds-received-in-2022-23–302140522.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Dubai World Trade Centre Drives Impact as Economic Output Surges to US$4.98 Billion in 2023, up 40% YoY

Published

on

DUBAI, UAE, May 20, 2024 /PRNewswire/ — Dubai World Trade Centre (DWTC), a global leader in the events and exhibitions industry, has once again demonstrated its significant impact on Dubai’s economy in 2023, welcoming 2.47 million participants and hosting 301 events, 76 of which, were large-scale events that attracted 1.54 million attendees, with 46% from overseas.

DWTC’s 2023 Economic Impact Assessment (EIA) Report, based on its 76 large-scale events (2000 or more attendees) revealed an impressive surge in the total economic output, reaching US$4.98 billion, marking an incredible 40% YoY increase, with high returns for adjacent industries such as Travel, Accommodation and Retail, connected to the Meetings Incentives Conferences and Exhibitions (MICE) ecosystem.

DWTC’s large-scale events generated a substantial US$2.87 billion Gross Value Added (GVA) to Dubai’s GDP, retaining an impressive 58% of the total economic output locally. International participation soared by 53%, with overseas visitors driving 6.2 times more contribution than domestic counterparts.

Events hosted at DWTC supported 69,281 jobs, generating US$915 million in disposable household income for the city’s residents. The substantial economic impact of these events extends beyond direct revenue generation, fostering socio-economic development and contributing to Dubai’s status as a leading global business hub.

His Excellency Helal Saeed Almarri, Director General of DWTC Authority, said: “Aligned with Dubai’s Economic Agenda D33, we continue to spearhead efforts in sector diversification, reinforcing the city’s stature as a leading global business hub. The remarkable accomplishments of 2023, presented in the ‘DWTC Economic Impact Assessment Report’ demonstrate that Dubai’s MICE sector, driven by DWTC, remains a vital pillar of financial resilience and growth underscoring our accelerated strides towards sustainable socio-economic development. The increase in international participation, along with the significant economic impact generated across diverse sectors such as travel, accommodation and retail, highlights the city’s steadfast commitment to propelling business tourism.”

The venue’s formidable events portfolio strategically aligned with Dubai’s economic priorities, showcasing Healthcare, Medical, and Scientific; Information Technology (IT); and Food, Hotel, and Catering as the top contributors. These leading sectors collectively accounted for 59% (US$1.71 billion) of the GVA to Dubai’s economy, and 49% (747,468) of the total large-scale event visitation.

Adjacent sectors, including hotels, air travel, and local transportation experienced a significant boost in economic activity. The direct revenue generated through expenditure was nearly US$2.94 billion.

Photo – https://mma.prnewswire.com/media/2416961/Dubai_World_Trade_Centre_2023_Infographic.jpg

 

 

Cision View original content:https://www.prnewswire.co.uk/news-releases/dubai-world-trade-centre-drives-impact-as-economic-output-surges-to-us4-98-billion-in-2023–up-40-yoy-302150038.html

Continue Reading

Latest News

Phishing, BEC, and Beyond: Tackling the Top Cyber Threats to UK Banks

Published

on

KnowBe4’s new report finds that UK financial institutions face onslaught of cyberattacks at unprecedented rate

LEEDS, England, May 20, 2024 /PRNewswire/ — KnowBe4, the provider of the world’s largest security awareness training and simulated phishing platform, today released its report on cyber threats faced by the financial sector in the UK. The report examines the escalating rise of cyberattacks on this sector, the tactics deployed by cybercriminals and what financial institutions should do to safeguard themselves and their employees.

The report shows that, in general, the financial sector in the UK is under constant attack and that it is grappling to keep pace with ever-evolving cyber threats. A clear urgency is emerging for financial institutions to adapt their security strategies for dealing with more sophisticated cyberattacks as banking is shifting towards being fully digital.

Some key findings in the report reveal a startling landscape of cyber threats:

  • The frequency of ransomware attacks on the financial sector in the UK doubled in 2023, showcasing an alarming escalation.
  • Phishing and Business Email Compromise (BEC) remain the top threats to organisations, which includes financial institutions.
  • AI-driven deepfake audio impersonations are notably on the rise.
  • For the first time, cyberattacks, and their potential to disrupt essential services, were perceived as an acute risk, more so than geopolitical tensions, inflation, or economic recessions.
  • There was a dramatic 81% surge in cyberattacks against UK financial institutions in the year following Russia’s invasion of Ukraine, outpacing the global increase of 61% during the same timeframe.
  • Multiple UK banks are lacking basic online and app protections, including use of outdated and vulnerable web applications, failure to enforce secure passwords, and the absence of alerts for critical account changes.

The report further delves into the prevailing cyber threats in the sector as well as real-life examples. It also provides some practical advice on how financial institutions can protect themselves against cyber threats and cyberattacks.

Addressing the urgency of the situation, Javvad Malik, lead security advocate at KnowBe4 stated, “These findings underscore a stark reality for the UK’s financial sector – they are being attacked at an unprecedented rate. Cyber defences need to adapt with the same speed and intelligence as the threats themselves. In addition to traditional security strategies, fostering a culture of security awareness to mitigate the inherent human risk of any organisation is no longer optional; it is a cornerstone for survival against cybercrime.”

To download a copy of KnowBe4’s report on UK financial institutions, click here.

About KnowBe4
KnowBe4, the provider of the world’s largest security awareness training and simulated phishing platform, is used by more than 65,000 organizations around the globe. Founded by IT and data security specialist Stu Sjouwerman, KnowBe4 helps organizations address the human element of security by raising awareness about ransomware, CEO fraud and other social engineering tactics through a new-school approach to awareness training on security. The late Kevin Mitnick, who was an internationally recognized cybersecurity specialist and KnowBe4’s Chief Hacking Officer, helped design the KnowBe4 training based on his well-documented social engineering tactics. Organizations rely on KnowBe4 to mobilize their end users as their last line of defense and trust the KnowBe4 platform to strengthen their security culture and reduce human risk.

Media Contact
Amanda Tarantino
Public Relations Officer
KnowBe4
[email protected]  

Logo – https://mma.prnewswire.com/media/588691/KB4_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/phishing-bec-and-beyond-tackling-the-top-cyber-threats-to-uk-banks-302149399.html

Continue Reading

Latest News

Driven Properties Selects Yardi to Centralise Residential & Commercial Operations & Elevate Customer Experience

Published

on

Dubai-based property management company to streamline management processes with a single cloud-based solution

Dubai, UAE, May 20, 2024 /PRNewswire/ — Yardi® is proud to announce that Driven Properties, a leading property brokerage, investment, and consultancy company, has chosen Yardi to enhance its property management operations and resident experience. Driven Properties, known for its extensive residential and commercial portfolios, offers customizable property solutions and wealth management services to clients across the UAE and abroad.

The implementation of the Yardi Residential Suite will allow Driven Properties to optimize their management operations comprehensively – from property marketing and resident screening to rent collection and maintenance. Yardi’s resident portal and app will enable residents to self-serve, enhancing convenience and accessibility by facilitating payments, lease renewals, personal detail management, and real-time maintenance updates.

“At Driven, we’re thrilled to adopt Yardi’s innovative technology to propel our operational capabilities to new heights and ensure unparalleled services for all stakeholders,” shared Grace Kenny, Director of Property Management at Driven. “With Yardi as our central property management platform, we will be able to streamline operations and improve communication across the business.”

“With Yardi’s cloud-based solutions, Driven can eliminate disparate systems, streamline its software requirements into a single solution, improve insights into portfolio performance, and enhance resident and investor relations,” said Said Haider, Senior Director of the Middle East at Yardi. “We are excited to announce Driven Properties as our latest client in the UAE and look forward to helping them further grow across the region.”

Experience how Yardi can seamlessly improve your residential operations with an end-to-end solution.

About Yardi

Celebrating its 40-year anniversary in 2024, Yardi® develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. With over 9,000 employees, Yardi is working with clients globally to drive significant innovation in the real estate industry. For more information on how Yardi is Energised for Tomorrow, visit yardi.ae

About Driven Properties

Driven Properties is an award-winning real estate brokerage and property management company headquartered in Dubai. Since its inception in 2012, the company has been raising standards for the industry, and has grown into one of the leading full-service real estate consultancies in the region.

In a city that is synonymous with real estate, our deeply knowledgeable consultants are offering their expertise and unparalleled service to most demanding clients from all over the world. Driven Properties is a member of Forbes Global Properties, a consortium of 100 best brokerages in the world.

For more information, visit drivenproperties.com.

Photo – https://mma.prnewswire.com/media/2416068/Yardi_Driven_Properties.jpg
Logo – https://mma.prnewswire.com/media/737275/Yardi_Logo.jpg

 

Cision View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/driven-properties-selects-yardi-to-centralise-residential–commercial-operations–elevate-customer-experience-302149179.html

Continue Reading

Trending