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Philanthropy

October 10, 2014

The Ikea Foundation, connected to the eponymous family-controlled furniture empire, is to fund a documentary series aimed at drawing attention to discrimination and abuse against women.

The Ikea Foundation, connected to the eponymous family-controlled furniture empire, is to fund a documentary series aimed at drawing attention to discrimination and abuse against women.

The foundation will be funding A Path Appears, produced by the Half a Sky Movement – the second time it has donated to a documentary produced by the women’s rights organisation. It will donate €1.12 million to its development.

September 8, 2014

A Hong Kong family office’s $350 million (€270.4 million) gift to the Harvard School of Public Health will help address pandemics like Ebola, the school’s dean says.

A Hong Kong family office’s $350 million (€270.4 million) gift to the Harvard School of Public Health will help address pandemics like Ebola, the school’s dean says.

The gift by the Morningside Foundation, the philanthropic arm of family office Morningside Group, is the largest single gift in the Ivy League institution’s history.

September 4, 2014

The phenomenon of travel philanthropy is promising to put some adventure back into charity, but who benefits most – the recipient of the donor?

July 25, 2014

A Chinese billionaire couple has been condemned on social media for not supporting tertiary education in their home country after creating a scholarship for disadvantaged students to study at elite institutions abroad.

A Chinese billionaire couple has been condemned on social media for not supporting tertiary education in their home country after creating a scholarship for disadvantaged students to study at elite institutions abroad.

July 24, 2014

The daughter of the late Australian media mogul Kerry Packer has said her parents were the inspiration behind an AU$200 million charitable fund, launched by the family this week.

The daughter of the late Australian media mogul Kerry Packer has said her parents were the inspiration behind an AU$200 million (€140 million) charitable fund, launched by the family this week.

Gretel Packer, head of the family’s foundation, announced the National Philanthropic Fund will distribute $20 million yearly for the next decade.

The charitable fund will distribute half its money to indigenous education and community welfare, with the remainder going towards the arts.

July 16, 2014

Many wealthy families living off their investments are returning to active business operations, impact investing or philanthropy, as they feel they lack of purpose, a new report says.

Many wealthy families living off their investments are returning to active business operations, impact investing or philanthropy, as they feel they lack of purpose, a new report says.

The meaning of wealth in the 21st century: unlocking the secrets of wealthy families, conducted by Withers and Scorpio Partnership, sought to find whether the wealthy are focused on wealth generation, preservation or the application of their wealth.

July 7, 2014

African family businesses have significantly outperformed those in the Middle East and Asia when it comes to good corporate governance, exclusive research conducted by Campden Wealth reveals, with 71.4% employing non-family key decision makers in executive positions.

African family businesses have significantly outperformed those in the Middle East and Asia when it comes to good corporate governance, exclusive research conducted by Campden Wealth reveals, with 71.4% employing non-family key decision makers in executive positions.

In Asian and the Middle Eastern family businesses, non-family members account for only 18.2% and 22.2% of key decision-making executives respectively.

June 30, 2014

KKR purchases a third of renewables firm Acciona, Pentland Group posts significant profits, Brunello Cucinelli protects the future of his family business and Antofagasta signs lucrative mining agreement. 

KKR purchases a third of renewables firm Acciona, Pentland Group posts significant profits, Brunello Cucinelli protects the future of his family business and Antofagasta signs lucrative mining agreement.

Acciona

Spanish infrastructure giant Acciona has sold a 33% stake in its international renewable energy business, the firm said on Tuesday.

June 19, 2014

Tech entrepreneurs Charly and Lisa Kleissner have become the first impact investors to win the coveted Grand Prix philanthropy award ­­– an honour traditionally reserved for non-profit organisations. 

Tech entrepreneurs Charly and Lisa Kleissner have become the first impact investors to win the coveted BNP Paribas Grand Prix philanthropy award ­­– an honour traditionally reserved for non-profit organisations. 

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