What does the future hold for private client philanthropy? We have witnessed a marked shift in recent years; one that is becoming a global phenomenon. Ultra-high-net-worth (UHNW) individuals and their families are increasingly moving away from simple charitable donations, where the recipient would spend the money as they see fit, and towards a much more dynamic, innovative and hands-on approach. The lines between philanthropy and business are blurring as wealthy donors seek active involvement in the management of their charitable funds, applying the same principles of control and accountability as they would for their regular investments.
While historically we have found US clients to be more philanthropically focused than those in Europe and Asia, we are now seeing an increased emphasis on philanthropy overall. But how exactly is philanthropy among UHNW families evolving in different parts of the world? In the latest edition of the International Family Offices Journal, I take a detailed look at philanthropic activity in a number of key regions; namely the Middle East, Asia, Europe and the United States.
To read my article in PDF format, please click the download link in the right-hand column. You can also order a copy of the complete journal online.