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GIVING TO UNIVERSITIES IN THE UK AND IRELAND REACHES AN ALL-TIME HIGH OF £1.37 BILLION IN FUNDS RECEIVED IN 2022-23
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.
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HONG KONG, Aug. 7, 2024 /PRNewswire/ — COCA, a pioneering force in the crypto wallet and financial services industry, has achieved several remarkable milestones in Q2 2024. Thanks to the steadfast support of its user community, COCA has launched new features, expanded its partnerships, and garnered prestigious accolades, further solidifying its position as a leader in the crypto space.
Launch of Physical Cards
COCA has introduced its highly anticipated physical cards, which are now available globally and compatible with Apple Pay and Google Pay. These cards allow users to make transactions with ease, earning cashback rewards on their purchases. This significant launch marks a step forward in integrating crypto with everyday financial activities, enhancing user convenience and financial flexibility.
Wallet Growth Milestone
The company has reached a significant milestone with 510,000 active wallets, reflecting a 102% growth quarter-on-quarter. This surge in active wallets highlights the increasing trust and adoption of COCA’s platform, as more users join the COCA community to manage their crypto assets securely and efficiently.
Transaction Volume Surge
In Q2 2024, COCA processed over USD 450,000 in transactions through its platform, demonstrating the robust usage and popularity of its financial services. This impressive transaction volume underscores COCA’s commitment to providing smooth and efficient crypto payment solutions.
Integration with Revolut
COCA has made it easier for users to fund their wallets by integrating with Revolut. This new feature allows seamless loading of crypto assets, enhancing the overall user experience and accessibility of COCA’s services.
Award Recognition
COCA has been honoured with the “Best Startup” award in the Financial Revolution category at CONF3RENCE & BLOCKCHANCE 2024. This award is a testament to COCA’s innovative approach and significant impact on the future of finance, recognizing its efforts in driving forward the digital financial ecosystem.
New Strategic Partnerships
COCA has formed strategic partnerships with industry leaders such as Wirex Pay and GoMining. These collaborations aim to provide users with enhanced rewards and a superior overall experience. The partnerships signify COCA’s dedication to expanding its ecosystem and delivering greater value to its users.
Welcoming Pavel Matveev
COCA is excited to announce the addition of Pavel Matveev, Founder of Wirex, to its team as a Strategy and Product Advisor. Pavel’s extensive experience and visionary approach are expected to drive COCA’s strategic initiatives and product development, contributing to the company’s continued growth and innovation.
Season 2 Point System Launch
Season 2 of COCA’s popular point system has launched, offering users the opportunity to earn points through various activities, including trades, referrals, holding assets, and spending with COCA cards. With a prize pool of USDT 3500 and 5 Wirex Pay Nodes, this season promises exciting rewards and increased user engagement. The season ends on August 9th, so users are encouraged to participate actively.
NFT Giveaway
In a special giveaway, COCA distributed 1000 GoMining NFTs to lucky users. These NFTs provide unique benefits, including enhanced mining capabilities and exclusive digital collectibles, adding significant value to the user experience.
For further details on COCA’s Q2 achievements and upcoming initiatives, visit the company’s blog.
Website: coca.xyz
COCA continues to redefine the crypto experience with its innovative solutions, seamless integrations, and user-focused approach. The company’s recent milestones and future plans highlight its commitment to leading the way in the digital financial landscape.
About COCA
COCA is a next-generation crypto super app designed to simplify and secure the crypto experience for users worldwide. With innovations in security, usability, and integration, COCA is at the forefront of the digital asset revolution. For more information, visit coca.xyz.
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VICTORIA, Seychelles, Aug. 7, 2024 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, is excited to announce the launch of GemPool, its innovative new platform that allows users to acquire token airdrops as a reward for staking their crypto assets. This unique product is designed to provide early access to emerging crypto projects while offering rewards for their existing holdings at zero cost. By staking respective tokens in separate pools, users can farm new tokens and gain a foothold in the latest developments within the cryptocurrency market.
GemPool also offers flexible staking terms, allowing users to stake and un-stake their assets anytime within the designated period without lock-up restrictions. This flexibility ensures that users can manage their assets according to their preferences and market conditions. Additionally, GemPool provides zero-cost rewards, enabling users to earn tokens while holding their existing cryptocurrencies. By staking their tokens, users contribute to the growth of promising new projects, supporting innovation and development within the crypto space. With completion of tasks offered, users are eligible to earn multiplier bonus and receive more rewards.
Users can participate by staking KCS, USDT, or other specified assets in designated pools. The rewards are earned according to the respective yields of the pools, ensuring a fair and exciting experience for all users.
For more information on how to participate and the benefits of GemPool, please visit the KuCoin GemPool page.
About KuCoin
Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 900 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 34 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.
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Latest News
Trust Wallet Launches Gamified Education Platform and Loyalty Program to Enhance and Reward Web3 Learning
DUBAI, UAE, Aug. 7, 2024 /PRNewswire/ — Trust Wallet, the world’s leading self-custody Web3 wallet and Web3 gateway trusted by over 130 million users, has launched Trust Wallet Quests, a gamified education platform within the Trust Wallet mobile app which encourages users to earn points while exploring and learning about Web3.
Users can engage in task-based challenges ranging from quizzes to complex problem-solving scenarios composed of various DeFi and Web3 activities, all designed to deepen their understanding of blockchain technology and decentralized applications (dApps), and expose them to exciting opportunities within Web3. As an incentive, users will earn Trust Points, a loyalty-based points system designed to reward user activity within the Trust Wallet mobile app. With Trust Points, users can earn rewards upon the completion of specific tasks, making Web3 more rewarding and fun.
In the future, Trust Points will offer additional gamification features, such as unlocking achievements, badges, and levels. This interactive approach not only boosts individual learning but also contributes to broader community education and adoption of decentralized technologies, making Trust Wallet Quests a dynamic and exciting way to reward loyal users and engage with communities in Web3.
On the motive for launching Trust Wallet Quests, Eowyn Chen, CEO of Trust Wallet, stated: “The complex technology and fast-paced industry can be intimidating for both new and seasoned users. The introduction of Quests on Trust Wallet further solidifies our commitment to making it easier for millions to navigate Web3, aligning perfectly with our mission to build a seamless Web3 hub and open ecosystem for all.”
Nate Zou, Head of Product at Trust Wallet, highlighted what to expect from Trust Points and Trust Wallet Quests: “Trust Points and Quests are just the first iteration of a much-needed reward system for our community. Within 2024, we have plans to build on this, combining rewards with many of our other web3 product offerings. Overall, we envision this points system not only changing how users engage with Trust Wallet, but also encouraging more collaboration between Trust Wallet, our users and other web3 ecosystem players.”
Trust Wallet Quests and Trust Points are now available on both Android and iOS versions of Trust Wallet’s mobile app. Download here: https://short.trustwallet.com/TrustWalletQuests
About Trust Wallet
Trust Wallet is the self-custody, multi-chain Web3 wallet and Web3 gateway for people who want to fully own, control, and leverage the power of their digital assets. From beginners to experienced users, Trust Wallet makes it easier, safer, and convenient for millions of people around the world to experience Web3, access dApps securely, store and manage their crypto and NFTs, buy, sell, and stake crypto to earn rewards, all in one place and without limits.
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