The Charities Aid Foundation (CAF) paid out more than £702m to charities in the year ending April 2020, marking a record for the charity financial services provider.
CAF offers a range of services where philanthropists, individuals and businesses can give donations to CAF, before they are then passed on to their desired charities. This year's giving total represents an increase of 7% over 2018-19's figure of £646m.
Many donations through CAF are paid immediately to the donor's cause of choice, while some donors use CAF accounts to grow philanthropic funds so they can make grants to charities at a later date.
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