Ian Burrows, Senior Investment Director - Investec Wealth & Investment
You can study at the Said Business School at the University of Oxford, appreciate art in the Blavatnik Building at the Tate Modern, catch a show at the Dorfman Theatre at the National Theatre in London or borrow a book from the Mitchell Library in Glasgow.
What do each of these have in common? They were, of course, each named after prominent businessmen or entrepreneurs to recognise significant charitable donations, often stretching into the tens of millions of pounds at least in today’s money.
This aspect of philanthropy is however, becoming less common. This is not a tale of the usual suspects - inflation, cost of living or Brexit- rather, it seems that philanthropy is moving in a new direction. While there are still legions of charities named after wealthy benefactors - there are 14 named after various members of the Cadbury family alone for example - today’s entrepreneur or business leader...