US philanthropists are moving hundreds of millions of dollars in charitable funds to UK structures as President Donald Trump’s attacks on non-profit groups stir wealthy donors into precautionary action.
American donors have been setting up UK entities, or moving money to existing ones, in case the administration pursues those supporting liberal causes more intensively, seven philanthropy and tax advisers told the Financial Times.
The US president has threatened to strip funding for non-governmental organisations and international bodies that work on diversity, equity and climate as part of his “war on woke”.
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