Philanthropy Across the Globe: Asian Philanthropists Give Most Generously

Tidbits

Introducing: Tidbits

I am starting a new section of this blog called Tidbits. In it, I will occasionally bring you bits and pieces of information you might find interesting. They will be anecdotal in nature, just enough to get you curious.

Tidbits may not be related directly to Jewish philanthropy, but to the giving world in general to bring you a wider perspective of the field.

Given the increasingly interconnected nature of the global economy, it is important to be aware of our brothers and sisters in different countries and their philanthropic and nonprofit practices. We all have something to learn from each other in this respect.

If you ever read a tidbit that you’d like me to write more on, just let me know and I will happily oblige.

Comparative Philanthropy

AsiaMap

Today’s tidbit has to do with global giving.

Did you know that Asia is the most philanthropic continent? Well according to a new survey conducted by Merrill Lynch and Capgemini who surveyed those with over $1 million in assets (other than their primary residence), Asian millionaires are among the most generous in the world.

The findings showed:

  • Asians who contributed to charities donated 12% of their wealth to philanthropic causes
  • Comparatively, North Americans and Middle Easterners donated 8%; Europeans donated 5%; and Latin Americans gave only 3%

  • Nine Asian countries were included in the survey: Australia, China, Hong Kong, India, Indonesia, Japan, Singapore, South Korea, and Taiwan
  • Asia has 2.6 million millionaires (as of 2006), accounting for 92% of the region’s gross domestic product
  • They have a combined wealth of $8.4 trillion
  • Singapore, India, and Indonesia have the greatest growth in number of millionaires
  • Among the super rich of Asian society, a preference was exhibited for “tangible assets” greater than that of Westerners (cash, real estate, etc)

Links

If you liked this post, you may also enjoy:

Feedback always welcome: comment or drop me a line at mnorton [at] thenewjew.org.

Advertisements

4 Responses to Philanthropy Across the Globe: Asian Philanthropists Give Most Generously

  1. […] “Philanthropy Across the Globe: Asian Philanthropists Give Most Generously” […]

  2. Jarrett Sauby says:

    Australia is not an Asian country.

    • Maya Norton says:

      Hi Jarrett,

      The researchers who undertook this study defined Australia as part of Asia. Those were the parameters given. No additional information was provided on how they came to that decision.

      Israel is sometimes considered part of Europe, other times part of Africa. That seems odd as well.

      ~ Maya

  3. Albertha says:

    Wow! This blog looks exactly like my old one! It’s on a completely different topic but it has pretty much the same page layout and design. Outstanding choice of colors!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: