The 2025 Trusts and Foundations Insights Survey, conducted by Gifted Philanthropy, gathers perspectives from 86 UK-based trusts and foundations on their strategic priorities, funding practices, and challenges. The report explores how funders are responding to the cost-of-living crisis, their willingness to support core costs, and the evolving discourse around trust-based philanthropy. While most respondents express a commitment to building trust and offering more flexible funding, the survey reveals a persistent gap between intention and practice. It also highlights a growing awareness of grantee needs and a cautious but increasing openness to collaboration and long-term partnerships.