Heart for Asia
Philanthropy and other types of private social investment have not only become de rigueur in Asia; they are being embraced. New trends, some global and some idiosyncratic to the region, show material changes to the way three parts of society—people, government and companies—work on their own and together to address shared concerns and challenges.
Across Asia, giving is in. Although the millionaires and billionaires make the news, many more people are donating, aided in great part by social media and the ease of electronic payments. Take a look at these headlines: March 14, “Azim Premji Commits Rs 53,000 crore More to Philanthropy, Taking the Endowment to Rs 145,000 crore”; May 8, “Aboitiz Group Gives Half a Billion Pesos “Fifth Tencent 9/9 Charity Day Raises Over 2.4 Billion Yuan, Smashing Last Year’s Record”.
