BNP PARIBAS INDIVIDUAL PHILANTHROPY INDEX How committed to individual giving are the wealthy from Europe, the United States, Asia and the Middle East? What are their common characteristics? Which causes are the most popular? In its second year, the “2014 BNP Paribas Individual Philanthropy Index” measures the commitment of individual philanthropists. This year’s report focused more specifically on the importance of timing from their point of view and where they are on their philanthropic journey. Over 400 High Net Worth Individuals, with assets above 5 million US dollars, replied to a survey conducted by Forbes Insight. The answers were analyzed using 3 main criteria: giving, innovation and the effort invested to promote their causes. Download the short version of the report https://wealthmanagement.bnpparibas/public/dx/about.us.index_en/$FILE/At%20a%20Glance_BNPP_Philanthropy_Index_2014.pdf Learn more about Kasia Moreno KEY FINDINGS This year’s report reveals that the United States, Europe, Asia are around halfway to a philanthropic ideal; the Middle East seems to be a third of the there, a score that is adversely affected by lower points on promotion but may not fully acknowledge the strong cultural heritage of philanthropy in the region. CAUSES Among the top causes in the world, respondents from Europe, Asia and the Middle East cite the environment, whereas health is the predominant cause for the USA. When asked at the region/town level, respondents identify also health as their top cause. GIVING Both Current and Projected Giving slightly declined vs. 2013 for all 3 regions included in last year’s Index. All 3 regions retain last year’s ranking relative to one another (Europe, Asia and the Middle East). This may be due to political and economic uncertainty, leading to a wait-and-see attitude. INNOVATION Innovation remained fairly steady, changing little versus last year. These scores are also the most tightly grouped of all the categories. Yet relative rankings shifted, with Europe slipping into last place. PROMOTION As per last year, Promotion is where each region scores the lowest, not getting close to earning even half of the maximum of 25 points. This shows that despite all the possibilities of the digital age and social media, philanthropists frequently prefer to stay under the radar. PHILANTHROPIC JOURNEYS: THE IMPORTANCE OF TIMING Four stages have been perceived: Stage 1: MOTIVATIONS The findings confirm the importance of personal experience as motivation for giving throughout the world. Religious faith and altruistic desire are also common types of motivation across the regions. Stage 2: STATE OF WEALTH European perceptions of their state of wealth have a higher impact on their propensity to give. Most respondents from the Middle East and Asia are feeling most positive about their wealth levels, while respondents from the U.S. fall in the middle of the spectrum. Stage 3: THE HOW: RESOURCES & LAWS Although philanthropists consider philanthropy their moral obligation, governments favouring giving also affect philanthropy. The majority of respondents state that current policies promoting giving urge them to increase giving, led by the Middle East with 62%. Stage 4: THE RESULTS Middle Eastern philanthropists are the most patient, with 55% of them willing to wait for results of their charity for more than 25 years. Philanthropists from Asia are the least patient, with just 11% willing to wait that long.
Posted on: Fri, 07 Mar 2014 06:06:19 +0000
Trending Topics
Recently Viewed Topics
© 2015