In India & International Philanthropy, Major Donors, Observations on 02/19/2014 at 1:34 am
Majority of Wealthy Individuals See ‘Urgent’ Need for Philanthropy, Survey Finds | News | PND.
Four in five high-net-worth individuals in Asia, Europe, the Middle East, and the United States see an “urgent” or “extremely urgent” need for philanthropic giving worldwide, a report from PNB Paribas Wealth Management and Forbes Insights finds.
Based on a survey of more than four hundred high-net-worth individuals, the 2014 PNB Paribas Individual Philanthropy Index (32 pages, PDF) found that 56 percent of respondents viewed the need for philanthropy as “extremely urgent” — including 64 percent of those in the U.S. and 61 percent in the Middle East — while 23 percent viewed it as “urgent.” The survey also found that U.S. respondents considered health to be the most urgent global issue in need of funding, while respondents in Asia, Europe, and the Middle East cited the environment. When asked specifically about needs in their own countries, 67 percent of U.S. respondents and 65 percent of those in the Middle East said the need for philanthropy was “extremely urgent,” compared with 41 percent in Asia and 39 percent in Europe.
In India & International Philanthropy, Major Donors, Observations, Planning, Prospects on 02/19/2014 at 1:30 am
As Billionaires’ Wealth Skyrockets, Their Philanthropy Does Not – Businessweek.
The Chronicle of Philanthropy released its annual “Philanthropy 50” list this week, detailing the gifts of the most generous donors in America. These individuals are “ditching the caution that marked so much of their giving as the economy stalled and are roaring back” with $7.7 billion in contributions, 4 percent more than in 2012, the publication says.
Some $7.7 billion is nothing to scoff at. It’s also possible that the figure would be higher if anonymous donations were included. The Chronicle publishes an excellent data set, however, and a closer look at the numbers suggests there is not quite a “surge” or “boom” in the largest gifts.
In Major Donors on 02/18/2014 at 11:01 am
Financier Plans Big Ad Campaign on Climate Change – NYTimes.com.
Unlike some on the left, Mr. Steyer has embraced the political toolbox that was opened to wealthy donors and other interests in the Supreme Court’s Citizens United decision, which made it easier for businesses, unions and rich individuals to pour unlimited money into elections.
“We have a democratic system, there are parts we would want to reform or change, and Citizens United is prominent in that,” Mr. Steyer said. “But we’ve accepted the world as it is.”
Mr. Steyer said there was no fixed budget for his group and declined to confirm his fund-raising target.
“Is it going to take $100 million? I have no idea,” he said, before suggesting that might be a lowball number. “I think that would be a really cheap price to answer the generational challenge of the world.”