Who is the most generous of them all? South Indians win the philanthropy race
10 years, 2 months ago

Who is the most generous of them all? South Indians win the philanthropy race

Firstpost  

According to the Hurun India Philanthropy list 2014, South Indians were the most generous, donating Rs.13,300 crore, nearly five times the amount given in charity by North Indians. According to the Hurun India Philanthropy list 2014, South Indians were the most generous, donating Rs 13,300 crore, nearly five times the amount given in charity by North Indians. The Hurun Report list named Infosys co-founder Kris Gopalakrishnan as the most generous person from Kerala, but it is IT tycoon Azim Hashim Premji who takes the prize as the most generous Indian, with a donation of Rs 8,000 crore in the past year. In second was RP Group’s Ravi Pillai with Rs 9,600 crore followed by Sunny Varkey, founder and executive chairman of Dubai-centered Gems Education with Rs 9,000 crore.

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History of this topic

India’s social sector funding: A growing gap and a call to action
3 weeks ago

India’s social sector funding: A growing gap and a call to action

Live Mint  

Fund flow into India’s social sector fell short of government think tank NITI Aayog’s recommendation for 2023-24 by about ₹14 trillion, according to a report by consulting firm Bain and Co. and philanthropy fund Dasra. While this was chiefly because of lower contributions from the private sector, public sector contributions helped boost funding into India’s social sector by 13% over …

Wealth Tax: The Rich Are Ready To Shell Out. Can the Government Enable Means?
10 months ago

Wealth Tax: The Rich Are Ready To Shell Out. Can the Government Enable Means?

The Quint  

Taxation is coercion, except if you ask the government. According to this article, the number of Indian philanthropists contributing ₹5 crore or more to charity surged to an all-time high of 119 individuals in 2022-23, a significant increase from just 27 donors in 2016-17, donating ₹8,445 crore in FY23, up from ₹5,623 crore the previous year. As per this report, …

Indian UHNIs Increase Philanthropic Contributions by 60% in FY 2023
1 year ago

Indian UHNIs Increase Philanthropic Contributions by 60% in FY 2023

Deccan Chronicle  

Mumbai: Driven by significant contributions from Wipro Founder chairman Azim Premji and Shiv Nadar, chairperson of HCL Enterprise, philanthropic contributions made by the ultra-high-net-worth individuals in India have increased by over 60 per cent to Rs 6,850 crore in FY 2023, compared with Rs 4,230 crore in the previous financial year, according to India Philanthropy Report 2024 released on Thursday. …

India’s golden age of philanthropy is within reach
2 years, 6 months ago

India’s golden age of philanthropy is within reach

Live Mint  

I returned to India after business school in the late 1990s. India’s rich giving history: Philanthropy has long been embedded in the fabric of Indian society and contributed heavily to the creation of modern-day India. They also established a norm that was propagated through society, much like Jamsetji Tata’s belief that if you’re rich, you must donate money and do …

Indian philanthropists can’t ignore the crisis of democracy
3 years, 6 months ago

Indian philanthropists can’t ignore the crisis of democracy

Live Mint  

It is exciting to see that with donations worth $102.4 billion, Tata Group founder Jamsetji Nusserwanji Tata is the world’s biggest philanthropist of the last century, much ahead of Bill and Melinda Gates, who came in second. This remarkable revelation, read with the trends of significantly growing philanthropy in India as pointed out year after year by the Bain philanthropy …

An Indian tops the list of global philanthropists
3 years, 8 months ago

An Indian tops the list of global philanthropists

Live Mint  

Jamsetji Tata, the founder of the Tata Group, is the most generous philanthropist in the 100 years. While education and healthcare continued to dominate the social causes these foundations supported, EdelGive Foundation’s executive chairperson Vidya Shah said she was seeing changes in philanthropic strategy. Giving the example of Mackenzie Scott’s donation decision, Shah said, “You give the NGOs freedom to …

Case for charity: How to be a good giver
3 years, 9 months ago

Case for charity: How to be a good giver

Hindustan Times  

All through the pandemic, there’s been a swift, clear uptick in individual donations to charity. Here’s a quick guide to being a smart, sustained giver: Acknowledge your motives: India ranked a lowly 82 on the World Giving Index 2019, placing lower than Pakistan, Nepal and Sri Lanka. “If you’re a small contributor, it’s unlikely that you’ll be able to drop …

Funding from Family Philanthropy in India Triples to Rs 12,000 Cr in FY20: Report
4 years ago

Funding from Family Philanthropy in India Triples to Rs 12,000 Cr in FY20: Report

News 18  

Family philanthropy has proven resilient throughout the pandemic and grew to nearly Rs 12,000 crore in fiscal year 2020, accounting for almost two-thirds of the rise in private sector funding since FY19, says a report. According to the India Philanthropy Report 2021, co-created by Bain and Company and Dasra, funding from family philanthropy has tripled its corpus, growing to nearly …

Philanthropy by Indian families tripled during the pandemic
4 years ago

Philanthropy by Indian families tripled during the pandemic

Live Mint  

The covid-19 pandemic seems to have made high net worth individuals and families to allot more funds for philanthropic activities, a new report suggests. In fact, the pandemic’s impact, the report predicts, will have “significant annual funding deficit in the near term” on the sector in meeting its annual demand of Rs21.2 lakh crore until 2025. Along with reduced funding, …

Indian billionaires are failing to help the country’s poor – but it’s more complicated than you think
5 years, 9 months ago

Indian billionaires are failing to help the country’s poor – but it’s more complicated than you think

The Independent  

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Let’s use the UK as an …

Beyond Azim Premji, Is Philanthropy in India Really Growing?
6 years ago

Beyond Azim Premji, Is Philanthropy in India Really Growing?

The Quint  

Conversation and media attention around philanthropy in India has tended to focus almost entirely on the ultra-wealthy and CSR. According to the World Giving Index that is released each year by Charities Aid Foundation, India was ranked 124th among 144 countries in 2017; this has been our worst performance in the last five years. However, given the attention and money …

Opinion | The future of giving is linked to personal wealth
6 years, 4 months ago

Opinion | The future of giving is linked to personal wealth

Live Mint  

The recent CAF World Giving Index 2018 indicated that India has slipped 43 spaces in ranking and now comes at 124 among 146 countries, but since this index measures giving only on three parameters, it doesn’t really cover the scope of philanthropic giving. With more wealth than can be spent, it is not unreasonable to expect that the volume of …

Indians on top in helping strangers, giving money for charity: Report
8 years, 4 months ago

Indians on top in helping strangers, giving money for charity: Report

India TV News  

Despite some recent cases that somewhat reflected people's insensitivity in the country, a study shows India tops in terms of number of people helping out strangers, volunteering their time and giving money for charity. In terms of percentage, however, Myanmar tops the world with 70 per cent overall generosity, where 63 per cent people helped strangers, 91 per cent people …

Azim Premji tops philanthropy list with donation of Rs 8,000 cr
11 years, 4 months ago

Azim Premji tops philanthropy list with donation of Rs 8,000 cr

India TV News  

Mumbai: When it comes to philanthropy, Indians don't share the table with the likes of Bill Gates but still there are a few who do really donate and the latest list is topped by Azim Premji of Wipro. Close on the heels of releasing the second edition of Hurun India Rich List, China-based Hurun Report Inc launched the inaugural Hurun …

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