Asia Summit 2016
Giving Back: How Asia's Philanthropists Are Making an Impact
Friday, September 16, 2016 / 12:15 pm - 1:45 pm
In Asia, the landscape of giving is changing as new players emerge. The region has the largest number of high-net-worth individuals, and they hold more wealth -- $17.4 trillion -- than any other region, according to the 2016 World Wealth Report. Moreover, the ranks of Asia's wealthy are expected to more than double by 2025. Yet philanthropy is still very much in its nascent stage. In many Asian countries, the tax and legal environments don't encourage philanthropy and charitable giving, and the systems that evaluate impact and effectiveness are lacking. Even so, a number of altruistic individuals have stepped up their commitment to improving their communities and the region. In this discussion, they will share how philanthropy, if approached strategically, can make an impact in Asia, where the hurdles for successful philanthropy are different from those in the Western world. What is the future of giving in Asia? How can collaboration and innovation change Asia for the better?