World’s Richest Philanthropic Funds [Press Review]

World’s Richest Philanthropic Funds [Press Review]

likashing-philanthropist

This article was selected by Lauren Vertigan, our fundraising consultant based in Melbourne.

World’s Richest Philanthropic Funds

By Ellie Cooper | Pro Bono, 30 July 2015

International wealth intelligence authority, Wealth-X, has released the list of largest private foundations established by living ultra-high net worth (UHNW) individuals, defined as those with more than US$30 million in assets.

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Lauren’s Comments:

Unsurprisingly the US dominates the latest list of the world’s richest philanthropic funds, with only four of top ten largest private foundations being based outside America (Hong Kong, Mexico, UK, Saudi Arabia). As reported in this article by Pro Bono Australia, none of Australia’s ultra-high net worth featured (we currently have 1,734 UHNW individuals) but there has been a rise in mega gifts here recently with Paul Ramsay, Westpac and James Packer’s donations leading the local top three.

Notably, the Li Ka Shing Foundation, founded by Hong Kong business magnate Li Ka-Shing, ranked number two on the list with US$8.1 billion in assets.  The Li Ka Shing Foundation established the Cheung Kong Graduate School of Business, one of the many highlights of our upcoming Advancement Tour to the UK. During our week in the UK, we will spend an afternoon at CKGSB Europe campus to hear first-hand from its Chief Executive about the role that fundraising and philanthropy have played in the establishment and maintenance of the School and its programs including the involvement of the Li Ka Shing Foundation.

We are looking forward to the Tour and sharing our experiences and insight when we return.

 

Lauren Vertigan

Lauren Vertigan

Former Fundraising Consultant at AskRIGHT
Lauren has worked with numerous national, state and local organisations in Australia and overseas over the past decade, helping them to achieve their fundraising objectives.
Lauren Vertigan

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