Insight Report: Philanthropy

Global philanthropic activity demonstrated steady growth during the review period, and HNWIs have played a significant role in achieving this. However, the global trend of giving among HNWIs varies by region and country, depending on demographics, culture and traditions. Accordingly, each region has its own drivers and challenges. While a decline is being observed in spontaneous HNWI contributions in the philanthropy sector, structured philanthropic contributions are growing. Rather than contributing to qualify for tax deductions, the focus of HNWIs has increasingly been concentrated around the impact of their philanthropic investments. Many HNWIs are willing to become actively involved in their cause by volunteering. The philanthropy sector is demonstrating an increasing focus on impact and innovation.

Scope

• This report provides an in-depth analysis of the philanthropic sector and the opportunities it holds for wealth management firms. It includes case studies of private banks and wealth managers that are successfully challenging the sector’s dynamics.

• The report focuses on the philanthropic trends of HNWIs worldwide, and provides analysis from WealthInsight’s proprietary HNWI database comprising over 75,000 individuals. For the purpose of identifying regional trends, HNWI philanthropists have been segmented by the geographical region.

• The report examines the specific trends in the Americas, Europe, Asia-Pacific, the Middle East and Africa. For each region, the motives of HNWI philanthropists are analyzed by age, gender, the industry they belong to, and their wealth band.

Key Highlights

• The US is the largest philanthropic market in the world, followed by Europe and Asia-Pacific.

• The global philanthropic sector is changing in terms of processes and approach, as HNWIs’ contributions become more impact-oriented.

• China and India are expected to play important roles in the philanthropy market over the forecast period.

• Micro-finance and venture philanthropy are spreading among HNWIs.

• Low numbers of family offices in emerging markets are negating the impact of philanthropy.

Reasons to buy

• Take strategic business decisions using information on the involvement of HNWIs in philanthropic activities across different regions.

• Understand the factors that affect HNWIs' philanthropic decision-making processes.

• Understand current strategic offerings of wealth management firms to attract HNWI philanthropists.

• Understand the role played by charitable organizations and giving vehicles in the philanthropy sector.

Companies mentioned

• Coutts Private Bank

• Barclay's Private Banking

• Biocon India Ltd

• Narayana Hrudayalaya

• St James's Place

• Credit Suisse

• Fine Art Wealth Management

• Wellcome Trust

• The Gatsby Charitable Foundation

• Garfield Weston Foundation

• The Leverhulme Trust

• Esmée Fairbairn Foundation

• Bertelsmann Stiftung

• Stichting INGKA Foundation

• Robert Bosch Stiftung GmbH

• Fondazione Giorgio Cini

• FondazionePierfranco e Luisa MarianiOnlus

• Fundacion Pedro Barrie de la Maza

• JLFondet

• CalousteGulbenkian Foundation

Table of Contents

1 Introduction

1.1 What is this report about?

1.2 Definitions

2 Executive Summary

3 The Role of Wealth Management Firms in Philanthropy

4 Global Snapshot

4.1 Overview

4.2 The Current State and Scope of HNWI Philanthropy Worldwide

4.3 The Americas

4.4 Asia-Pacific

4.5 Europe

4.6 The Middle East and Africa

5 Current Giving Patterns and Family Values

5.1 Key Emerging Trends

5.2 Americas

5.3 Asia-Pacific

5.4 Europe

5.5 The Middle East and Africa

5.6 Family Foundations

5.7 Key Recipients of Philanthropic Contributions

6 About WealthInsight

List of Tables

Table 1: Philanthropic Causes Definitions

Table 2: HNWI Wealth Band and Group Definitions

Table 3: Global HNWIs – Philanthropy by Cause (%), 2013

Table 4: Global HNWIs – Philanthropy by Gender and Cause (%), 2013

Table 5: Global HNWIs – Philanthropy by Age and Cause (%), 2013

Table 6: Global HNWIs – Philanthropy by Wealth band and Cause (%), 2013

Table 7: Global HNWIs – Segmentation by Industry and Philanthropic Activity (%), 2013–Part One

Table 8: Global HNWIs – Segmentation by Industry and Philanthropic Activity (%), 2013 – Part Two

Table 9: Global HNWIs – Segmentation by Industry and Philanthropic Activity (%), 2013 – Part Three

Table 10: American HNWIs – Philanthropy by Cause (%), 2013

Table 11: American HNWIs – Philanthropy by Gender and Cause (%), 2013

Table 12: American HNWIs – Philanthropy by Age and Cause (%), 2013

Table 13: American HNWIs – Philanthropy by Wealth Band and Cause (%), 2013

Table 14: American HNWIs– Segmentation by Industry and Philanthropic Activity (%), 2013 – Part One

Table 15: American HNWIs – Segmentation by Industry and Philanthropic Activity (%), 2013 – Part Two

Table 16: American HNWIs – Segmentation by Industry and Philanthropic Activity (%), 2013 – Part Three

Table 17: Asia-Pacific HNWIs – Philanthropy by Cause (%), 2013

Table 18: Asia-Pacific HNWIs – Philanthropy by Gender and Cause (%), 2013

Table 19: Asia-Pacific HNWIs – Philanthropy by Age and Cause (%), 2013

Table 20: Asia-Pacific HNWIs – Philanthropy by Wealth band and Cause (%), 2013

Table 21: Asia-Pacific HNWIs – Segmentation by Industry and Philanthropic Activity (%), 2013 – Part One

Table 22: Asia-Pacific HNWIs – Segmentation by Industry and Philanthropic Activity (%), 2013 – Part Two

Table 23: Asia-Pacific HNWIs – Segmentation by Industry and Philanthropic Activity (%), 2013 – Part Three

Table 24: European HNWIs– Philanthropy by Cause (%), 2013

Table 25: European HNWIs – Philanthropy by Gender and Cause (%), 2013

Table 26: European HNWIs– Philanthropy by Age and Cause (%), 2013

Table 27: European HNWIs– Philanthropy by Wealth Band and Cause (%), 2013

Table 28: European HNWIs – Segmentation by Industry and Philanthropic Activity (%), 2013 – Part One

Table 29: European HNWIs – Segmentation by Industry and Philanthropic Activity (%), 2013 – Part Two

Table 30: European HNWIs – Segmentation by Industry and Philanthropic Activity (%), 2013 – Part Three

Table 31: Middle Eastern and African HNWIs – Philanthropy by Cause (%), 2013

Table 32: Middle Eastern and African HNWIs – Philanthropy by Gender and Cause (%), 2013

Table 33: Middle Eastern and African HNWIs – Philanthropy by Age and Cause (%), 2013

Table 34: Middle Eastern and African HNWIs – Philanthropy by Wealth Band and Cause (%), 2013

Table 35: Middle Eastern and African HNWIs – Segmentation by Industry and Philanthropic Activity (%), 2013 – Part One

Table 36: Middle Eastern and African HNWIs – Segmentation by Industry and Philanthropic Activity (%), 2013 – Part Two

Table 37: Middle Eastern and African HNWIs – Segmentation by Industry and Philanthropic Activity (%), 2013 – Part Three

Table 38: Global Philanthropic Giving through Charitable Organizations (%), 2013

Table 39: Global Philanthropic Giving through Clubs or Associations (%), 2013

Table 40: Global Philanthropic Giving through Educational Organizations (%), 2013

Table 41: Global Philanthropic Giving through Cultural Organizations (%), 2013

Table 42: The Americas − Top Five Family Foundations, 2013

Table 43: Europe − Family Foundations, 2013

Table 44: India − Family Foundations, 2013

Table 45: China − Family Foundations, 2013

Table 46: Middle East and Africa −Family Foundations, 2013

List of Figures

Figure 1: Venture Philanthropy Model of Asian Venture Philanthropy Network

Figure 2: Global HNWIs – Philanthropy by Cause (%), 2013

Figure 3: Global HNWIs – Philanthropy by Cause (%), 2013

Figure 4: Global HNWIs – Philanthropy by Gender and Cause (%), 2013

Figure 5: Female HNWIs– Philanthropy by Cause (%), 2013

Figure 6: Male HNWIs – Philanthropy by Cause (%), 2013

Figure 7: Global HNWIs – Philanthropy by Age and Cause (%), 2013

Figure 8: Global HNWIs – Philanthropy by Wealth Band and Cause (%), 2013

Figure 9: Billionaires – Philanthropy by Cause (%), 2013

Figure 10: Centimillionaires– Philanthropy by Cause (%), 2013

Figure 11: Affluent Millionaires – Philanthropy by Cause (%), 2013

Figure 12: Mid-Tier Millionaires– Philanthropy by Cause (%), 2013

Figure 13: Lower-Tier Millionaires – Philanthropy by Cause (%), 2013

Figure 14: HNWI Populations in Key Countries in the Americas (Thousands), 2008–2012

Figure 15: HNWI Populations In Key Countries in the Americas (Thousands), 2013−2017

Figure 16: Growth of HNWI Giving Vehicles in the US (Assets in US$ Million), 2011−2012

Figure 17: Growth of Giving Vehicles in the US (Assets in US$ Billions), 2011-2012

Figure 18: Growth in HNWI Population in Selected Countries in the Asia-Pacific (Thousands), 2008–2012

Figure 19: Growth in HNWI Populations in Selected Asia-Pacific Countries (Thousands), 2013−2017

Figure 20: Growth in HNWI Populations in Selected European Countries (Thousand), 2008–2012

Figure 21: Growth in HNWI Populations in Selected European Countries (Thousand), 2013–2017

Figure 22: American HNWIs – Philanthropy by Cause (%), 2013

Figure 23: American HNWIs – Philanthropy by Gender and Cause (%), 2013

Figure 24: American HNWIs – Philanthropy by Age and Cause (%), 2013

Figure 25: American HNWIs – Philanthropy by Wealth band and Cause (%), 2013

Figure 26: Asia-Pacific HNWIs – Philanthropy by Cause (%), 2013

Figure 27: Asia-Pacific HNWIs – Philanthropy by Gender and Cause (%), 2013

Figure 28: Asia-Pacific HNWIs – Philanthropy by Age and Cause (%), 2013

Figure 29: Asia-Pacific HNWIs – Philanthropy by Wealth band and Cause (%), 2013

Figure 30: European HNWIs – Philanthropy by Cause (%), 2013

Figure 31: European HNWIs– Philanthropy by Gender and Cause (%), 2013

Figure 32: European HNWIs– Philanthropy by Age and Cause (%), 2013

Figure 33: European HNWIs – Philanthropy by Wealth Band and Cause (%), 2013

Figure 34: Middle Eastern and African HNWIs – Philanthropy by Cause (%), 2013

Figure 35: Middle Eastern and African HNWIs – Philanthropy by Gender and Cause (%), 2013

Figure 36: Middle Eastern and African HNWIs – Philanthropy by Age and Cause (%), 2013

Figure 37: Middle Eastern and African HNWIs – Philanthropy by Wealth Band and Cause (%), 2013

Figure 38: Global Philanthropic Foundations by Type (%), 2013

Figure 39: The Americas − Sectors to which Family Foundations Donate Funds (%), 2013

Figure 40: Europe − Sectors to which Family Foundations Donate Funds (%), 2013

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