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Independent philanthropy review aims to convert ideas into action

admin — Mon, 20 Sep 2010 12:02:13 +0000

The Philanthropy Review – A Fresh Look at Philanthropy intends to present the government with proposals for ways to incentivise giving, to feed into the Office for Civil Society’s own work on boosting philanthropy, set to be unveiled in a Green Paper to be published for consultation shortly.

Big Society plan for a new culture of generosity

admin — Mon, 20 Sep 2010 11:58:10 +0000

The Cabinet Office has published the Government’s initial ideas for building a stronger culture of giving time and money. The ideas aim to start a national debate on society’s attitudes to giving. The Giving Green Paper proposes a new role for government as a facilitator of giving, making it easier for philanthropists, volunteers and charities to form partnerships.

Contribution of the wealthy to philanthropy likely to increase, concludes Barclays Wealth

admin — Thu, 09 Sep 2010 11:49:20 +0000

Contribution of the wealthy to philanthropy likely to increase, concludes Barclays Wealth

Almost a quarter of high net worth individuals (HNWIs) globally say charity is a top spending priority, according to a new report by Barclays Wealth. Global Giving: The culture of philanthropy attempts to chart trends in philanthropy among the wealthy by surveying 2,000 millionaires around the world. The US, South Africa, Saudi Arabia and Ireland have the highest percentage of respondents saying that philanthropy is among their top three spending priorities, while three of those four (the exception is Saudi Arabia) also feature at the top of the list of those who say they spend over five hours a week on charity. Philanthropy among this group, believes the report, looks set to increase, with 44 per cent of respondents saying they are more likely to make charity a spending priority when they retire, and the amount of time they allocate to charity set to increase overall by 194 per cent. Men are more active philanthropists in developed countries, but in emerging economies women take the lead. Taken by region, those in developing countries are the second most likely to give money after those in North America.

Culture Secretary announces action plan to boost philanthropy

admin — Mon, 26 Jul 2010 12:36:46 +0000

Culture Secretary announces action plan to boost philanthropy

“Fine words butter no parsnips” was the reaction of Lord Paul Myners to the launch of the Culture Secretary Jeremy Hunt’s drive to boost arts philanthropy that includes an £80m match fund “to create a new generation of philanthropists”. The announcement was made on Wednesday (8th December) at the European Association of Philanthropy and Giving’s (EAPG) event held in partnership with the Cultural Leadership Programme.

India’s new rich prove reluctant philanthropists

admin — Sun, 25 Jul 2010 16:56:52 +0000

India’s new rich prove reluctant philanthropists

A huge charity gift by a high-tech tycoon has shone a harsh light on the philanthropic track record of India’s established and emerging billionaires. Azim Premji, who transformed a family-owned cooking oil firm into the software giant Wipro, announced earlier this month that he was giving two billion dollars to fund rural education. The 100 wealthiest Indians have a net worth equal to 25 percent of India’s GDP and Premji’s donation — by far the largest ever made by an individual — was seen as a challenge to others in the ultra-rich club.