Generous Brits helping charities make more of the money they receive
April 24, 2015
New figures reveal that generous Brits continue to dig deep for charity, with a huge 60 million Direct Debit donations made last year.
The processing data, released by Bacs Payment Schemes Limited (Bacs) – the not-for-profit organisation behind Direct Debit in the UK – shows that two million more of these donations were received by charities in 2014 than the previous year.
And, with Direct Debits proving cheaper and more efficient to process than the likes of cash and cheque payments, more of the money received this way can be focused on the important work carried out by these charitable organisations.
In fact, thanks to this growth in the number of Direct Debit donations, a total of over £1.2 billion is now pledged this way annually, a year-on-year increase of £48 million, or 4.1 per cent.
Since 2011 the number of Direct Debits being paid to charity has increased by six million, or around 11 per cent, once again highlighting the continued importance of the payment method to the sector.
Bacs’ Mike Hutchinson said: “With 60 million donations made by Direct Debit in 2014, generating over £1.2 billion, these figures again underline the popularity and effectiveness of Direct Debit as a way of giving regularly.
“And, as Direct Debits are cheaper and easier to process, it means that more of the money good causes receive this way can be focused on the vital work they do.”
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