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News and Opinions

The changing face of philanthropy

"Philanthropy as we know it is changing. The traditional practice of cheque-giving is making way for the likes of impact investing and venture philanthropy as the wealthy seek newer, more collaborative ways to give back to society - a trend that's especially prevalent amongst the next-gen, who tend to pursue purpose in their endeavours.

Amidst this shift, we view the rise of social enterprises in both Asia and the rest of the world as a core element in philanthropy's next chapter. These social enterprises - for-profit businesses with a social mission - are determined to address societal problems, and could potentially spark significant positive impact if provided with the necessary guidance and resources."

Read more in The Business Times

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