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philanthropy

September 1, 2002

Voluntary contributions to society – philanthropy – is one of the oldest ways an individual can communicate with others. Historically, the role of the state may have seen a gradual decline, but private initiative has now become more important than ever and family businesses should realise the significance of establishing their own philanthropic institutions

Rupert Graf Strachwitz has worked as a consultant to philanthropists and foundations for over 15 years after a career in the not-for-profit sector. In 1989 he founded Maecenata Management, the first consultancy to specialise in this area in Germany. Since 1997, he has been the director of a research institution, the Maecenata Institute for Non-profit Studies. He currently sits on the German Federal Parliamentary Commission on Civic Engagement and serves on the board of a number of foundations at home and abroad.

April 1, 2002

Many family business owners use their entrepreneurial skills and vision in their philanthropic endeavours. As a result, these ‘philanthropic entrepreneurs’ have challenged traditional charity and set up some of the most successful foundations in the world

Many family business owners use their entrepreneurial skills and vision in their philanthropic endeavours. As a result, these 'philanthropic entrepreneurs' have challenged traditional charity and set up some of the most successful foundations in the world

February 1, 2002

Philanthropy plays a large role in the lives of many family businesses. Through their foundation’s schools and hospitals, the Murugappa family has demonstrated their commitment to Indian society

Why do business-owning families engage in philanthropic activities, and why do such activities take on such importance? When the Murugappa family accepted the IMD Distinguished Family Business Award at the gala dinner celebration in Rome in October 2001, fourth generation Mr Murugu explained:

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