The Icap Charity Day celebrated its 20th anniversary this December, raising £11m for charities in the process. The annual pre-Christmas event is a celebrity-studded occasion on which all revenues and commissions from the world’s leading interdealer broker are donated.
Chief executive Michael Spencer has played a major role in the success of the event, which has raised over £100m since its inception in 1993.
Arpad Busson has used his City status to promote his children’s charity ARK. The charity’s annual gala dinner is one of the biggest events on the City calendar, and this year raised £14.5m for the charity. ARK’s work focuses on health, education and child protection, and has opened academies in the UK. Founder of hedge fund group EIM, Busson had a baby girl in July with actress Uma Thurman.
Hedge fund manager Christopher Cooper-Hohn co-founded the Children’s Investment Fund Foundation (CIFF) in 2002 with his wife Jamie Cooper-Hohn. The foundation receives a portion of profits from Cooper-Hohn’s London-based hedge fund The Children’s Investment Fund Management. Since starting, CIFF has given over £175m. The charity directs its funding towards children living in poverty.
Though born in the US, a large share of John Studzinski’s philanthropy takes place in the UK. In 2001, he founded the Genesis Foundation, which supports young individuals in the arts and this year launched the Genesis Prize, a biennial award of £25,000. Studzinski is senior managing director at Blackstone Group and serves on the board of several institutions such as CREATE and The Royal College of Art.
British venture capitalist Jon Moulton is the founder of private equity firm Better Capital. The former Alchemy chief has given regular donations towards medical research and is a trustee of the UK Stem Cell Foundation. Moulton set up his own medical research foundation, the J P Moulton Charitable Foundation, and sits on the board at Great Ormond Street hospital. He donated around £4m this year.
Brought up near Middlesborough, Jonathan Ruffer’s philanthropic focus is on deprived areas of the North East, and this year gave £1m to the County Durham Community Foundation. In 2011, he paid £15m to save a set of Christian paintings at Auckland Castle, where he plans to spend a further £18m on developments. Ruffer is founder of boutique investment house Ruffer, but took a step back from his role this year.
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In 2012, Simon Borrows was appointed chief executive of 3i, having joined the private equity and venture capital firm as chief investment officer in 2011. Borrows has his own foundation, which distributes funds to art charities and provides bursaries for children who cannot afford public school. He sits on the advisory board of The National Theatre, to which he has contributed heavily in recent years.
Former chairman of the British insurer Prudential, Harvey McGrath stepped down in 2011. He is currently chairman of governors at Birkbeck College and trustee of several charities, including the Royal Anniversary Trust and iCould. He is also a founding member of New Philanthropy Capital. In October 2012, Harvey was announced as new chairman of Heart of the City, which encourages CSR in businesses.
Founder of the Travelex Group, Lloyd Dorfman is heavily involved with arts philanthropy and is a significant donor to institutions such as The Royal Opera House, the Roundhouse and Saddlers Wells. Most notably, Dorfman has made substantial donations to the National Theatre, where he has sat on the board since 2007. In 2011, Dorfman was awarded the Prince of Wales Medal for Arts Philanthropy.
Michael Hintze is the founder of global multi-asset management firm CQS. Together with his wife Dorothy, Hintze established the Hintze Family Charitable Foundation in 2005, which has supported over 150 charities. The Australian is known for making regular donations to the arts, supporting institutions such as the Old Vic theatre, V&A Museum and the National Gallery, where he serves on the board of trustees.