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philanthropy

December 11, 2012

The rich are making more million-pound-plus philanthropic donations, despite a decrease in the total amount given, according to a report by private bank Coutts and the University of Kent.  

The rich are making more million-pound-plus philanthropic donations, despite a decrease in the total amount given, according to a report by private bank Coutts and the University of Kent.

A total of 232 million-pound-plus donations to the value of £1.241 billion (€1.54 billion) were made in 2010/2011, found the Million Pound Donor Report.

December 11, 2012

Tony Elumelu is one of Africa’s most successful entrepreneurs. No wonder he believes the private sector and entrepreneurship are the key to Africa’s development. 

The figures are staggering. Over the last 40 years, Africa has received about $570 billion (€435 billion) in economic aid. Yet there has been near-zero per capita economic growth, with gross domestic product for the median African country remaining stagnant. Compare that to India – which has received far less aid, but has achieved huge economic growth. Handouts, says Nigerian businessman Tony Elumelu, simply aren’t working.

December 5, 2012

British family foundations are set to reduce spending in the years ahead, as falling assets and tough economic conditions take their toll.

British family foundations are set to reduce spending in the years ahead, as falling assets and tough economic conditions take their toll.

That’s according to the Family Foundation Giving Trends report, which looked at the top 100 family foundations in the UK and found they gave £1.33 billion (€1.64 billion) in the last year and £6.9 billion over the past five years.

October 30, 2012

The rich are no longer happy to simply give money to charity – instead they are volunteering more and becoming strategic in their philanthropic donations. 

The rich are no longer happy to simply give money to charity – instead they are volunteering more and becoming strategic in their philanthropic donations.

That’s according to the 2012 Bank of America Study of High Net Worth Philanthropy, carried out by the Center on Philanthropy at Indiana University. It found that 95% of wealthy Americans donated to at least one charity last year, similar to previous years.

October 1, 2012

Campden Wealth, in association with the Abu Dhabi Islamic Bank, is launching the first Middle East* Philanthropy Awards, which will honour the individuals, foundations and initiatives that have made outstanding contributions in their respective fields.

Campden Wealth, in association with the Abu Dhabi Islamic Bank, is launching the first Middle East* Philanthropy Awards, which will honour the individuals, foundations and initiatives that have made outstanding contributions in their respective fields.
 
The awards will be held on December 9th in a special gala dinner in Abu Dhabi and will include four categories – Philanthropist of the Year; Young Philanthropist of the Year; Foundation of the Year; and Life-Time Achievement Award.
 

September 28, 2012

The Carnegie and Rockefeller families may have been among the forefathers of modern day philanthropy, but who is following in their footsteps?

The Carnegie and Rockefeller families may have been among the forefathers of modern day philanthropy, but who is following in their footsteps?

Research company Wealth-X reckons it knows. It has released a list of the “global top 20 emerging mega donors” – based on ultra-wealthy people’s efforts to “emulate forebearers of modern major giving”.

September 4, 2012

Britain’s broadcasting dynasty the Dimblebys have run a cancer charity for almost half a century, but tough times mean they are thinking hard about its future.

For two generations, the name Dimbleby has been associated with British journalism. The dynasty was founded by Richard Dimbleby, who made his name as a World War II reporter, sending the first broadcasts from Belsen. He was later famous for anchoring television broadcasts of the coronation of Elizabeth II and the state funerals of JFK and Winston Churchill. Two of his children, David and Jonathan, are today household names for their work on televised election coverage and political programmes, while two of his grandchildren, Joe and Kitty, are also journalists.

March 23, 2012

They might be under the age of 30, but next-generation members of wealthy families in India are increasingly making big decisions about charitable giving.

They might be under the age of 30, but next-generation members of wealthy families in India are increasingly making big decisions about charitable giving.

That’s according to the 2012 India Philanthropy Report by Bain & Company, which said young high net worth Indians, often working in family businesses, are “particularly interested in increasing their philanthropic involvement”.

March 19, 2012

Jeff Raikes has been tasked with giving away billions of dollars by the Bill & Melinda Gates Foundation. But the former Microsoft employee says he’s no modern-day Santa Claus.

Ho ho ho: and down the chimney he comes, spreading happiness with his gifts wherever he goes. With the contents of his sack valued at $36 billion (€27.15 billion) – all of which must be given away sooner or later – Jeff Raikes might seem like everyone’s idea of the modern-day Santa Claus.

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