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Philanthropy

December 12, 2011

High net worth individuals in the UK, some of them family business members, are the biggest donators of £1 million (€1.17 million) or more to charities in the country, despite an overall decline in giving, according to a report by private bank Coutts.

High net worth individuals in the UK, some of them family business members, are the biggest donators of £1 million (€1.17 million) or more to charities in the country, despite an overall decline in giving, according to a report by private bank Coutts.

Out of a total of 174 million-pound-plus donations made during 2009/2010, 60% of the money came from the very wealthy, said the study entitled The Million Pound Donors Report 2011.

November 28, 2011

Family businesses are playing a greater role in family foundations, but more needs to be done to ensure family non-profits can become “fundamental and widespread” against a backdrop of increasing economic uncertainty, according to a report. 

Family businesses are playing a greater role in family foundations, but more needs to be done to ensure family non-profits can become “fundamental and widespread” against a backdrop of increasing economic uncertainty, according to a report.

November 12, 2011

Suri Sehgal has spent most of his life working in the food industry but now he is working hard to reduce poverty in the country of his birth, India

Suri Sehgal sounds tired. It’s 9am and he’s spent the last three days at the World Food Prize, an event that honours those who have improved the world’s food supply. This year it was presented to two former presidents, Ghana’s John Agyekum Kufuor and Brazil’s Luiz Inacio Lula da Silva, for the work they’ve done to reduce poverty and malnutrition in their home countries.

Read the full story at CampdenFO 

October 6, 2011

Asian philanthropists can make a big impact on the development of the region, thanks to a new strategic approach to charity that emphasises innovation, scale and sustainability.

Asian philanthropists can make a big impact on the development of the region, thanks to a new strategic approach to charity that emphasises innovation, scale and sustainability.

Read the full article at CampdenFO.

September 19, 2011

Ingvar Kamprad, the billionaire founder of Swedish furniture retailer Ikea, has promised to donate more than €1 billion to charity.

Ingvar Kamprad, the billionaire founder of Swedish furniture retailer Ikea, has promised to donate more than €1 billion to charity.

He has instructed the Ikea Foundation, which has owned Kamprad’s family business since 1982, to increase its charitable spending substantially, reports say.

August 24, 2011

Families in Asia who manage their philanthropic activities as a unit need to develop strong strategies for accommodating inter-generational differences to ensure the success of their efforts, according to a specialist in philanthropy.

Families in Asia who manage their philanthropic activities as a unit need to develop strong strategies for accommodating inter-generational differences to ensure the success of their efforts, according to a specialist in philanthropy.

May 20, 2011

With philanthropy in the UK at its lowest level since the beginning of the financial crisis, the latest survey by JP Morgan Private Bank on ultra-high net worth individuals’ charitable habits hasn’t given much to cheer about.

With philanthropy in the UK at its lowest level since the beginning of the financial crisis, the latest survey by JP Morgan Private Bank on ultra-high net worth individuals’ charitable habits hasn’t given much to cheer about.

The survey, which questioned around 100 UK-based UHNW clients of the bank, revealed that around half of them give over 5% of their wealth to charity, while three-quarters give regularly to charitable causes.

May 16, 2011

Wallace McCain, co-founder of Canadian frozen food empire McCain Foods and chairman of Maple Leaf Foods, died on 13 May aged 81.

Wallace McCain, co-founder of Canadian frozen food empire McCain Foods and chairman of Maple Leaf Foods, died on 13 May aged 81.

McCain died after a long battle with cancer and is survived by his wife, four children and nine grandchildren.

McCain founded the eponymous family business along with his brother Harrison in New Brunswick, Canada in 1956. In its first year, the company had sales of around $150,000, and in the 1960s it started offering its frozen potato products to consumers outside Canada.

May 4, 2011

In a major new survey, Campden FB has compiled a list of the top 50 family business leaders in the world.

In a major new survey, Campden FB has compiled a list of the top 50 family business leaders in the world.

With the aid of four senior family experts from the world's leading business schools - Randal Carlock from INSEAD; Joachim Schwass from IMD; Kavil Ramachandran from Indian School of Business; and John Ward from Kellogg School of Management – Campden has sifted through loads of data to compile the final list. The top five places went to John Elkann, Azim Premji, Güler Sabanci, Guido Barilla and Ratan Tata.

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