Philanthropy among the high-net worth community is alive and well despite the financial crisis, according to a new report from Barclays Wealth, while wealthy donors want to engage more actively with the way their money is spent. Meanwhile, the report finds women and under-34s are more committed to giving than their elder male peers.
Philanthropy among the high-net worth community is alive and well despite the financial crisis, according to a new report from Barclays Wealth, while wealthy donors want to engage more actively with the way their money is spent. Meanwhile, the report finds women and under-34s are more committed to giving than their elder male peers.
The survey, “Tomorrow’s Philanthropist”, which polled 500 HNW investors in the UK and the US, found that three quarters of wealthy donors have not decreased their charitable contributions despite the market turmoil of the last eighteen months. On the contrary, just over a quarter claim to have increased their donations.
The report’s findings indicate that as governments across the developed world find themselves mired in debt, wealthy donors feel an increased responsibility to charitable institutions. Half of the individuals polled said charitable giving will become more incumbent on the wealthy in coming years, with this figure rising to 72 percent among younger philanthropists.
Related
For further details, visit thewealthnet
Content from our partners
