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philanthropy

September 2, 2019

With more billionaires now than any other region, Asia has the potential to become a world leader in philanthropic giving, but is it really that easy? Susan Lingeswaran explores the intricacies of giving among the world’s fastest-growing economies

When legendary Hong Kong actor Chow Yun-Fat—of Crouching Tiger, Hidden Dragon and Pirates of the Caribbean: At World’s End fame—announced plans in late 2018 to give away his entire $715 million fortune to charity after his death, the country’s media went into overdrive.

One Hong Kong newspaper called the announcement one of the biggest events in philanthropy to date. Another declared Chow, 63, the most selfless actor in the world and demanded other ultra-high net worth individuals in the region follow suit.

August 30, 2019

Controversial family business titans David Koch and Ferdinand Piech, who died within days of each other, shaped the era they lived in, but their approach to succession was very different.

Controversial family business titans David Koch and Ferdinand Piech, who died within days of each other, shaped the era they lived in, but their approach to succession was very different.

August 20, 2019

To ensure successful philanthropic giving, family foundations should employ traditional business practices or risk their projects being ineffective, according to a director of a family foundation.

To ensure successful philanthropic giving, family foundations should employ traditional business practices or risk their projects being ineffective, according to a director of a family foundation.

Christopher Lavender, director of Hong Kong’s Kadoorie Charitable Foundation, spent 22 years setting up the Kadoorie family’s foundation, developing its procedures and refining its aims and objectives.

August 13, 2019

The first fourth-generation family member to chair the Nathan Cummings Foundation says the next generation should not be seen as a “threat” by family principals and urges more entities to mentor their next gens shoulder to shoulder.

The first fourth-generation family member to chair the Nathan Cummings Foundation says the next generation should not be seen as a “threat” by family principals and urges more entities to mentor their next gens shoulder to shoulder.

August 12, 2019

A surge in the number of billionaires has made Asian family offices an El Dorado for wealth managers lured by the prospect of bigger pay packages and more varied work.

A surge in the number of billionaires has made Asian family offices an El Dorado for wealth managers lured by the prospect of bigger pay packages and more varied work.

August 2, 2019

The first fourth-generation family member to lead the Nathan Cummings Foundation says a root and branch restructuring of the New York-based philanthropic institution is the best way to honour her family’s legacy.

The first fourth-generation family member to lead the Nathan Cummings Foundation says a root and branch restructuring of the New York-based philanthropic institution is the best way to honour her family’s legacy.

Jaimie Mayer, the 36-year-old great-granddaughter of the founding Canadian-born US businessman, investor and philanthropist, succeeded Ruth Cummings as chair of the board of trustees.

Mayer looked set to introduce changes in culture and policy, and movement building at the 30-year-old family foundation.

July 30, 2019

The Dennis M Jones Family Foundation and the Institute for Private Investors are delighted to announce the third year of the Jones Prize in Philanthropy.

The Dennis M Jones Family Foundation and the Institute for Private Investors are delighted to announce the third year of the Jones Prize in Philanthropy.

This year the Jones Prize is a $30,000 grant and two runner-up grants of $10,000. The grants will be gifted to charities that have been aided by the efforts of an individual who has demonstrated exceptional work in philanthropy. The awards will be given at the institute’s Fall Forum in New York City on 24 September.

May 20, 2019

Ethically minded, technology savvy and eager to make a positive impact—the next generation are driving family offices’ movement into sustainable and impact investing. But are the expectation of returns realistic or are families just following a trend?

Sustainable and impact investing continue to be attractive for family offices and are among the fastest growing areas in the average family office investment portfolio. But uncertainty persists for many interested in the asset class, with fewer expert advisers compared to more traditional classes. 

Family offices increased their foray into sustainable investing over the past 12 months, with more than one-third (38%) now engaged in the practice, according to The Global Office Family Report 2018 (GFOR). 

April 22, 2019

London-based fourth-generation family office J Leon Group has overhauled its giving in the last decade. Paddy Walker, managing director, spoke to Alexandra Newlove about how the diverse giving portfolio—from stopping killer robots to challenging hate speech—has brought the family closer

The 18 charities supported by J Leon may seem disparate at first glance. But drill down a little and you find they align under five key areas informed by the family’s history, passion, and expertise.

In the noughties, Paddy Walker and Tania Slowe, joint managing directors and husband-wife team, executed two buy-backs, taking the number of shareholders from 140 to fewer than 20.

It was this, Walker says, which spurred the family to reassess its giving, as the family felt closer and it became easier to communicate.

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