Transforming Philanthropy: The Changing Face of Today’s Philanthropist

2023-09-06 05:02:25

Profiles and demands have evolved significantly over the past five years, and even more so since the Covid crisis. 15 years ago, the typical philanthropist client was a 70 to 85 year old man wishing to bequeath part of his assets to an association or a foundation upon his death, and who was wondering which organization to donate to. Today, it is more a question of a woman, a man, or a couple, aged 30 to 65, who wants to transform society by building lasting solutions and to see, in their lifetime, the effectiveness of its action. Today’s philanthropist is therefore no longer a “simple” donor, he has become a change maker: he knows more and more precisely the societal change to which he intends to contribute and often wants to be operationally involved in the project. , giving his time and skills. We meet more and more philentrepreneursi.e. people who want manage their philanthropy with methods inspired by the entrepreneurial world, or even private equityusing methodologies for in-depth selection of funded organizations or projects – with a due diligence process -, measurement and impact reporting: an approach called venture philanthropy. In addition, we always have requests from older people for whom philanthropy is a response to a heritage issue: to ensure the sustainability of their real estate, natural (forests) or movable heritage (collection of works of art). Even if now, they are often concerned regarding it from the sixties.

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Alexandra Hartman Editor-in-Chief

Editor-in-Chief Prize-winning journalist with over 20 years of international news experience. Alexandra leads the editorial team, ensuring every story meets the highest standards of accuracy and journalistic integrity.

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