Reed described encouraging philanthropy as his “…main mission". In 2007 he launched
The Big Give, now one of the UK's foremost charitable initiatives. He founded several other charities, including
Womankind Worldwide,
Ethiopiaid, Reed Restart at Holloway Prison, Women at Risk, and the Alec Reed Academy. In 1985, he established The Reed Foundation, a charitable foundation that provides much of the seed funding for his charity work.
The Reed Foundation The Reed Foundation is the main vehicle for the Reed family's philanthropic activities. Originally established in 1972 as the Reed Charity, it was later reconstituted in 1985 with Alec Reed’s £5 million personal proceeds from the £20 million sale of Medicare. The Foundation owns 18% of the Reed Group, prompting Reed’s remark that the company’s employees “work one day a week for charity.” In an October 2024 interview, Reed said that he was encouraging other firms to copy this model: “If they give away 20% [of profits] they’ll never regret it. The return they’ll get in respect of clients and staff is enormous.” As of 2023 the Foundation reported total assets and investments in excess of £25 million. The Foundation has financed numerous charitable initiatives, including:
The Big Give Founded in 2007, The Big Give is a non-profit, charitable website which enables donors to find and support charity projects in their field of interest. Reed referred to it as “…a Wikipedia for big givers" and his "biggest success". The Big Give has raised over £427 million for UK-registered charities and aims to raise £1bn by 2030. It hosts £1.3bn worth of projects in need of funding. In forming The Big Give, Reed created an advisory Board of Philanthropists including
Lord Bell,
Lord Gavron CBE,
Lord Haskins,
Sir Adrian Cadbury,
Sir Charles Dunstone,
Baroness Lane-Fox of Soho,
Jon Snow and
Michael Spencer. The Big Give inverts the traditional model of charity funding in which donors are contacted by charities, to a model in which donors effectively "compare and shop" for charity projects, and then have their donations matched by other donors. Reed founded the site in response to receiving an unmanageable number of appeals from charities seeking donations from high-profile philanthropists. The project was designed to encourage wealthy philanthropists seeking to make donations between £100,000 and £10m. Having attracted few donors at that level, Reed switched to a match funding model, in which he put up £1m and requested other donors to match him; reportedly the site’s users matched Reed’s £1m within 45 minutes of it going live. The site now makes use of "challenge matching", in which donors compete to be the first to kickstart a given charity project. In addition to projects uploaded by charities, the site also runs emergency appeals—such as those responding to natural disasters like the 2014 Philippines hurricane, humanitarian crises such as the 2013 Syrian refugee crisis, and domestic emergencies including the 2017
Grenfell Tower fire. Separately, it operates the annual Christmas Challenge, in which Reed’s funds, together with those of external foundations, are combined with pledges from charities’ major donors to double public online donations. The 2025 Christmas Challenge raised £57.4 million for over 1500 charities. The Big Give also helps charities to find trustees and runs educational programmes in schools in order to raise children’s awareness of philanthropic giving.
The Sir Alec Reed Prize The £1 million
Sir Alec Reed Prize was established by the Reed Foundation to celebrate Reed’s 90th birthday and the 65th anniversary of the Reed Group. Designed to help fund young people with poor mental health into employment, the inaugural prize was awarded to
UK Youth in 2024. As part of the same initiative, the Foundation also launched a year-long campaign in which it donated £10,000 each week to charities nominated by Reed employees. The campaign raised £520,000 for 52 charities, including Brixton Soup Kitchen and the Royal British Legion.
Ethiopiaid Ethiopiaid works with local community partners in
Ethiopia to alleviate poverty, support the elderly, empower women and girls, help children with disabilities and increase access to health care and education. Reed founded the charity with a £1m donation in 1989, having visited the Ethiopian capital in 1987 on a fact-finding tour organised and accompanied by Jembra Teferra, a relative of
Haile Selassie and wife of a former mayor of the city. Reed had initially planned on promoting entrepreneurship in the area, but upon arrival was struck by Addis Ababa’s poor public sanitation, especially in the
kebeles (poor urban neighbourhoods). Reed subsequently underwrote a two-year project to develop the kebeles, and arranged pledges for additional financial assistance from
Water Aid,
Help the Aged and
Band Aid. Ethiopiaid has gone on to donate £28m in funding and match-funding. The charity now partners with around 14 local Ethiopian organisations, providing around £2m in donations. One of Ethiopiaid's best-known and longest-standing partners is the
Addis Ababa Fistula Hospital, which helps to treat Ethiopian women marginalised by the social and medical complications arising from post-birth
fistula. Ethiopiaid also funds reconstructive operations for sufferers of facial disfigurement caused by
noma.
Womankind Worldwide Womankind Worldwide was set up with a £1m donation from Reed in 1989. The charity supports women suffering from abuse, neglect and illness; it also educates against
female circumcision and
child marriage. Patrons include
Kate Adie,
Sandi Toksvig and
Lady Helena Kennedy QC. In 2006 Womankind Worldwide was merged with Women at Risk, a UK charity founded by Reed in 1997 in support of women suffering physical and mental abuse. Women at Risk has generated over £1million for beneficiaries, including female survivors of
acid attacks. The charity works with more than 40 partner organisations in 15 countries and claims to have reached millions of women and their families worldwide.
Reed Restart Founded in
HMP Holloway in 1993, Reed Restart was a not-for-profit charity dedicated to the rehabilitation and assistance of women prisoners, helping them to become more employable on release. The pilot scheme at HMP Holloway was extended to provincial
gaols, including Eastwood Park Women’s Prison.
The Alec Reed Academy This 4-18 coeducational establishment in
Northolt, England was one of the first academies to be created under the
Learning and Skills Act 2000. It is composed of the former Compton High School and Northolt Primary School. Both areas are close to Reed’s childhood home in
Hounslow, and to his former school, Drayton Manor Grammar. Reed’s involvement with the academy began in November 2001, when he sponsored Compton High School. In 2012, the West London Academy was renamed The
Alec Reed Academy, in honour of its sponsor. The school has a sports and enterprise specialism. Its catchment area has a high percentage of Indian, Pakistani and Polish families; 52% of pupils do not speak English as a first language. 80% of its pupils achieve Level 4 or above in reading, writing and maths. A 2010
Ofsted inspection saw the school rated as "Good"; Ofsted’s 2014 inspection, which was marked under Ofsted’s revised scoring regime, saw the school listed as "requiring improvement". The 2014 report noted that “…senior managers and leaders have accurately identified the areas of the academy requiring further improvement. Their actions are beginning to have an impact on improving teaching and raising standards". Reed spoke of the "tremendous freedom" he was given to shape the academy’s approach, noting that he decided the school’s aims and ethos, chose its headmaster and commissioned the design of its buildings, from
Foster & Partners. Reed contributed £2m of the £40m required to launch the academy. He has also described his involvement as “…an interesting lesson in what happens when private-sector culture meets state-funded culture". He writes of incurring criticism for his ideas on education, notably his view that the school did not need a significant library in the internet age, nor should it teach foreign languages, owing to the multilingual composition of the school's intake and the primacy of the English language in global business.
Other philanthropic projects Reed founded a number of not-for-profit initiatives prior to the Reed Foundation, including the Reed Business School and Addicts Rehabilitation.
Reed Business School Reed Business School is a not-for-profit residential and day accountancy college specialising in qualifications
ACCA,
CIMA,
ICAEW and more recently AAT. The school is based in Reed’s former home, a 15th Century
Jacobean manor house in
Little Compton, England. The house was purchased with the proceeds of the Reed Group’s stockmarket flotation in 1971, after which Reed donated the house to the Reed Charity. It opened in 1972 as The Reed College of Accountancy, changing its name to Reed Business School after the formation of the Reed Educational Trust in 1980. The school’s trading profits are donated to the Trust and distributed to numerous educational charities.
Addicts Rehabilitation Reed’s first charity was set up in the 1970s to help the recovery and rehabilitation of drug addicts. In a 2011 interview with CIMAGlobal.com, Reed said "About ten years after we started Reed, the company had become big enough to be made public. I was based in Bond Street and at about that time the Observer newspaper ran a series of articles about people who were having difficult lives. They invited potential volunteers to contact charity organisations, and because I was in Bond Street, I went to work with a drug addiction charity in Covent Garden. Then people began to find out that I was an employment agent and they were all after me to help them get jobs. A lot of them weren't job ready, though, so we started an employment agency for drug addicts [ARC – Addicts Rehabilitation Charity]." In the 1970s, Reed bought Keveral Farm in Cornwall where addicts could spend time in recovery. From 1989 to 1992, Reed served on
Oxfam's fundraising committee. Reed described his approach to philanthropy in a 2013 interview with Coutts: "I believe it’s better for donors to separate the decision about how much money to spend on charitable giving, from the act of giving to charity. By deciding how much you want to give away and ring-fencing it in a foundation, you can elevate the satisfaction you get from giving and make it easier to make the gift. Once you’ve done that, you can continue your research and decide which good causes you wish to support. I call this 'Disneyland Giving': theme park visitors pay once at the gate and are then free to enjoy the rides. I'm still enjoying giving away money I 'spent' on charity 20 years ago." Reed also personally supported a range of smaller UK charities, such as The Passage (homelessness) and The Branch Trust (deprived families). In 2022, he launched Reed Innovation Scholarships, providing financial support to undergraduate students at Royal Holloway, University of London. The scholarship rewards and encourages creative problem-solving. Reed later served as an Enterprise Fellow for
The Prince's Trust. ==Arts patronage==