12 ° C
Breaking News

98 Covid cases, 20 Jan, 40 hospitalised - 26 res, 4 in ICU - 1 res, 393 home monitored, 6,591 recoveries, 45 deaths, 1,953 incidence rate, 67.8% vaccinated

White Paper #5 – Top Tips for New Philanthropists

White Paper #5 – Top Tips for New Philanthropists

By Editor - March 29, 2017


This article addresses the increasing interest by Families on how to be philanthropic, especially from the Millennial (18-35 year olds) members.

Why give?
There are many reasons, ranging from wealth and tax planning, to brand building, to much more personal motivations, that people may decide to get involved in philanthropy.

Philanthropy is now in vogue, widely celebrated, and adopted as a worthy lifestyle choice amongst the wealthy. We know that philanthropy is on the rise, too. According to the Coutts Million Dollar Donors Report, $56 billion (€47 billion) donations of more than $1 million (€840,000) were made in 2015 – a significant rise from the previous year.

Giving can be a hugely rewarding experience. Getting to know the dynamic individuals and organisations working at the frontline of social change is enriching and humbling. And such engagement can cut across different aspects of your life – from involving the family and even the children in planning and choosing donations, to engaging companies and their employees.

One of the best reasons to give is that the world needs it. Philanthropy has often played a hugely important role in the development of just, democratic societies. Now more than ever – with such global and complex challenges as global under-nutrition, gender inequality, climate change and the refugee crisis – philanthropy has a very important role to play.

What are some of the challenges donors face?
While the journey of a philanthropist is a privileged and rewarding one, it’s not easy to be effective. Here are some of the key pitfalls:



Sign up to our newsletter
Previous articleOut of Africa and The Power of Now
Next articleDark prospects for biodiversity in Antarctica


January 22, 2022 | Local News

“We must be ambitious”

Luke Entwistle

Having secured his first victory as Monaco manager, Philippe Clement told Monaco Life that he expects a tough challenge on Sunday, especially given his side’s difficulties on the road this season.

Cassandra Tanti

Lieutenant-Colonel Gilles Convertini has officially handed over command of the Carabinieri Corps to Commander Martial Pied, marking the end of 38 years of service under two Princes of Monaco.

Stephanie Horsman

Monaco-based designer of cosmetic actives Exsymol has signed a partnership with OceanoScientific Expeditions, which will in part help protect organisms living in little explored coral reefs.

Stephanie Horsman

The position of Secretary General in the Prince’s government, left open by the retirement of Robert Colle, is being filled by the current Deputy Secretary General, Marc Vassallo.