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.
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)
If you liked this post, you may also enjoy:
- “Three Highlights of Jewish Giving: Adelson, Brandeis, & Women’s Philanthropy”
- “Philanthropy’s Emotional Connection: 3 Ways to Harness the Power of Donor Emotions”
- “Larry Ellison Donates $500,000 to Sderot: Thanks, but Isn’t it the Government’s Role to Protect the People?”
- “Lion of Judah: Women’s Philanthropy in the Federation System”
Feedback always welcome: comment or drop me a line at mnorton [at] thenewjew.org.