Family Philanthropy in Asia
According to a new study by banking giant UBS and leading graduate business school INSEAD on family philanthropy in Asia, philanthropies based in Singapore made the highest proportion of international donations.
The UBS-INSEAD study noted that a very substantial portion of international contributions by Singaporean families of Chinese and Indian origin flow back into China and India, respectively. Singapore is also the country in Asia with the highest percentage of grants to existing organisations – at 70 per cent – rather than family foundations.
Almost no region in the world has changed so fundamentally over the last few decades as Asia. Despite its new found wealth, however, the region continues to be beset by serious social and environmental issues. This new climate has contributed to a growing awareness of the role of philanthropy, and family philanthropy, in the region, as well as to growing scrutiny of the subject.
Family philanthropy has a long history in Asia, but what characterises Asian philanthropy? Does it resemble philanthropy in other parts of the world, or is there a distinct “Asian way” of giving?
Building on over 200 quantitative surveys and over 100 indepth interviews, the UBS-INSEAD Study on Family Philanthropy in Asia highlights the philanthropic aspirations and challenges of Asian families. It provides one of the most comprehensive insights to date.
You can download the full report for free here.