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Philanthropy

July 7, 2014

African family businesses have significantly outperformed those in the Middle East and Asia when it comes to good corporate governance, exclusive research conducted by Campden Wealth reveals, with 71.4% employing non-family key decision makers in executive positions.

African family businesses have significantly outperformed those in the Middle East and Asia when it comes to good corporate governance, exclusive research conducted by Campden Wealth reveals, with 71.4% employing non-family key decision makers in executive positions.

In Asian and the Middle Eastern family businesses, non-family members account for only 18.2% and 22.2% of key decision-making executives respectively.

June 30, 2014

KKR purchases a third of renewables firm Acciona, Pentland Group posts significant profits, Brunello Cucinelli protects the future of his family business and Antofagasta signs lucrative mining agreement. 

KKR purchases a third of renewables firm Acciona, Pentland Group posts significant profits, Brunello Cucinelli protects the future of his family business and Antofagasta signs lucrative mining agreement.

Acciona

Spanish infrastructure giant Acciona has sold a 33% stake in its international renewable energy business, the firm said on Tuesday.

June 19, 2014

Tech entrepreneurs Charly and Lisa Kleissner have become the first impact investors to win the coveted Grand Prix philanthropy award ­­– an honour traditionally reserved for non-profit organisations. 

Tech entrepreneurs Charly and Lisa Kleissner have become the first impact investors to win the coveted BNP Paribas Grand Prix philanthropy award ­­– an honour traditionally reserved for non-profit organisations. 

May 6, 2014

The UK's largest charitable foundations increased their giving by 10% over the 18 months to March 2013, according to the Association of Charitable Foundations (ACF), despite falling public and corporate donations.

The UK's largest charitable foundations increased their giving by 10% over the 18 months to March 2013, according to the Association of Charitable Foundations (ACF), despite falling public and corporate donations.

Foundation Giving Trends found charitable giving by foundations grew by £271 million to £2.4 billion, accounting for 14% of total private charitable giving, while income fell by approximately the same amount.

March 27, 2014

There’s little that kills as many so quickly as a natural disaster, and millions of people across the world dig deep when faced with so much suffering. Foundations have pockets deep enough to help, but might not know where to begin. 

There’s little that kills as many so quickly as a natural disaster, and millions of people across the world dig deep when faced with so much suffering. Foundations have pockets deep enough to help, but might not know where to begin.

March 18, 2014

Mining billionaire Andrew Forrest, the chairman of Australian family business Fortescue Metals Group, has launched a global anti-slavery foundation at the Vatican in Rome.

Mining billionaire Andrew Forrest, the chairman of Australian family business Fortescue Metals Group, has launched a global anti-slavery foundation at the Vatican in Rome.

Forrest said he launched Global Freedom Network after his daughter Grace had volunteered at a Nepalese orphanage, only to find the children were being trafficked to the Middle East to be sex slaves.

March 11, 2014

Flat pack housing, inspired by Ikea’s famous self-assembly furniture, is providing a more sturdy alternative to tents in refugee camps, according to an annual report released today by the family business’s philanthropic foundation.

Flat pack housing, inspired by Ikea’s famous self-assembly furniture, is providing a more sturdy alternative to tents in refugee camps, according to an annual report released today by the family business’s philanthropic foundation.

According to the Ikea Foundation, the units can comfortably house five people, and are more secure and durable than the tents that are normally used, which need to be replaced about every six months.

March 6, 2014

A new wing at the British Museum, opening today, has been made possible by one of the largest private philanthropic donations to the arts in the UK in recent decades, but the country still lags behind the US when it comes to charitable donations to arts and heritage.

A new wing at the British Museum, opening today, has been made possible by one of the largest private philanthropic donations to the arts in the UK in recent decades, but the country still lags behind the US when it comes to charitable donations to arts and heritage.

The Sainsbury family, of the eponymous supermarket empire, donated £25 million (€30.5 million) to the World Conservation and Exhibitions Centre at the London institution, which will open with an exhibition of Viking artifacts.

February 13, 2014

A self-titled foundation established to leave a legacy in the world used to be the prerogative of the very wealthy, but increasingly philanthropists are abandoning their vanities in favour of high-impact spend-out models for their trusts. CampdenFB reports

The study of philanthropy is an imprecise science and there is no formula that can predict why a wealthy individual would decide to give and to which causes, much less why they would decide it’s time to stop.

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