[1] The organisation was initially founded as Chase Charity in 1962 by Alfred Allnatt with the ambition of refurbishing a Richmond Hill art gallery.

The report was critical of how UK charities failed to address root causes of poverty, favouring quick fixes of the symptoms.

The governing board of the organisation had concluded that philanthropic giving was a "function of colonial capitalism.”[1] Via its website, the foundation stated:“We have recognised the gravity of the interlocking social, climate and economic global crises we are experiencing today.

At the same time, we view the traditional philanthropy model as so entangled with colonial capitalism that it inevitably continues the harms of the past into the present.

“We acknowledge our role in maintaining this traditional model and know that these times demand bold action from us all in charitable organisations.