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philanthropy

February 7, 2012

A woman with strong family business links has topped the list of the most generous American donors in 2011, despite dying in 2006.

A woman with strong family business links has topped the list of the most generous American donors in 2011, despite dying in 2006.

Margaret Cargill, an heiress of agribusiness Cargill, donated about $6 billion (€4.56 billion) last year, according to figures from the Chronicle of Philanthropy.

This figure far exceeded the amount given by the second person on the list – the late William Dietrich, who gave $500 million.

February 6, 2012

High net worth individuals take on average 36 days to decide whether to give money to a charity and 55 days to buy a new luxury car, watch or piece of jewellery.

High net worth individuals take on average 36 days to decide whether to give money to a charity and 55 days to buy a new luxury car, watch or piece of jewellery.

That's according to a study by wealth research company Scorpio Partnership, Standard Chartered Private Bank and US-based asset management firm SEI.

The study, which is based on a survey of 3,300 individuals worldwide, also found that the high net worth individuals' confidence in their ability to increase their wealth in the near future has fallen in the last year.

December 13, 2011

High net worth women are responsible for the majority of wealthy family’s philanthropic decisions and often take a more cautious approach to giving than men, according to research by Bank of America Merrill Lynch. 

High net worth women are responsible for the majority of wealthy family’s philanthropic decisions and often take a more cautious approach to giving than men, according to research by Bank of America Merrill Lynch.

The 2011 Study of High Net Worth Women's Philanthropy, released on 12 December, found that in 90% of high net worth households, women either make decisions about giving to charities on their own or as an equal partner.

November 28, 2011

Family businesses are playing a greater role in family foundations, but more needs to be done to ensure family non-profits can become “fundamental and widespread” against a backdrop of increasing economic uncertainty, according to a report. 

Family businesses are playing a greater role in family foundations, but more needs to be done to ensure family non-profits can become “fundamental and widespread” against a backdrop of increasing economic uncertainty, according to a report.

November 12, 2011

Suri Sehgal has spent most of his life working in the food industry but now he is working hard to reduce poverty in the country of his birth, India

Suri Sehgal sounds tired. It’s 9am and he’s spent the last three days at the World Food Prize, an event that honours those who have improved the world’s food supply. This year it was presented to two former presidents, Ghana’s John Agyekum Kufuor and Brazil’s Luiz Inacio Lula da Silva, for the work they’ve done to reduce poverty and malnutrition in their home countries.

Read the full story at CampdenFO 

May 20, 2011

With philanthropy in the UK at its lowest level since the beginning of the financial crisis, the latest survey by JP Morgan Private Bank on ultra-high net worth individuals’ charitable habits hasn’t given much to cheer about.

With philanthropy in the UK at its lowest level since the beginning of the financial crisis, the latest survey by JP Morgan Private Bank on ultra-high net worth individuals’ charitable habits hasn’t given much to cheer about.

The survey, which questioned around 100 UK-based UHNW clients of the bank, revealed that around half of them give over 5% of their wealth to charity, while three-quarters give regularly to charitable causes.

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