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philanthropy

Research: Charitable giving influenced by wealthy's business sense

March 14, 2013

Wealthy people in the UK would donate more if charitable organisations could prove their impact more clearly, according to a study by New Philanthropy Capital.

A report by the research and consultancy group found the wealthy were “less satisfied” with the information available to them to assess a charity’s effectiveness compared to those on lower incomes.

The wealthy 'feel morally obliged to give'

March 13, 2013

There is an increasing desire among wealthy people to give money to charitable causes, but they often find philanthropy isn't straightforward, according to SEI's Jeff Ladouceur.

A targeted approach

March 6, 2013

Are wealthy individuals missing a trick by not using their investment and business skills when it comes to philanthropy? Campden investigates.

If there is a buzz-phrase at the moment among those interested in philanthropy, then it must be “high-impact”. George Soros is a fan. So too is Bill Gates. Rakesh Mittal is also getting in on the action. In fact, there are plenty of big-name businesspeople and philanthropists advocating it.

Top 10 tips for impact giving

March 6, 2013

How do you go about getting the biggest bang for your buck? Campden takes a look.

1) Seek advice. If you were setting up a business, you’d probably take advice, so why should it be any different for a philanthropic venture, asks philanthropist John Stone. “If you don’t have a passion for a cause or even if you do, my advice is take advice from experts,” he says.

The Giving Pledge gathers momentum with support of family business leaders

February 22, 2013

Some high-profile family business leaders have become the latest names to join the Giving Pledge – an initiative where billionaires promise publicly to give at least half their wealth to charity over the course of their lifetime.

British entrepreneur Richard Branson – founder of Virgin – and his wife Joan have signed the pledge, along with Azim Premji – the second-gen chairman of Indian software company Wipro. They are among 12 billionaires who have joined the initiative this year.

Top Middle East philanthropists and foundations announced

December 13, 2012

A man committed to improving transparency, accountability and business practices in the Arab world has been named philanthropist of the year at the inaugural Campden Middle East Philanthropy Awards, in association with Abu Dhabi Islamic Bank.

Arif Masood Naqvi, a board member of the private sector-led non-for-profit Pearl Initiative, saw off competition from Fadi Ghandour and Mohamed Bin Issa Al Jaber to take the award at a ceremony this week at the Yas Viceroy Abu Dhabi Hotel.

Total value of philanthropic gifts shrinks

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.

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.

Private initiative

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.

Family foundations to reduce donations in future

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.

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.

Wealthy philanthropists ‘becoming more impact driven’

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.

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.