Former Persimmon boss Jeff Fairburn sets up US-style fund to give some of his £82m bonus to charity
Former Persimmon boss Jeff Fairburn will give some of his £82m bonus to charity, it has emerged
Former Persimmon boss Jeff Fairburn has set up a US-style fund to give money to charity, it has emerged.
In 2018, amid an outcry over his £82million bonus from the housebuilder, the 53-year-old pledged to give away a ‘substantial’ portion of his windfall.
But Fairburn has faced questions over the promise, after the Charity Commission said nothing had been registered in his name.
Yesterday he revealed he is using a so-called ‘donor advised fund’, a type of philanthropic fund common in the US, whose activities can be kept private.
They also allow donors to claim certain tax reliefs.