Future Trends for Strategic Philanthropy: Survey Reveals More Wealthy Families Want to Donate During Their Lifetimes; Education Remains Most Popular Cause

Rockefeller Philanthropy Advisors (RPA) and Campden Wealth today published "Global Trends and Strategic Time Horizons in Family Philanthropy 2020," a report based on a survey of 201 families of significant wealth who are engaged in philanthropic giving.

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The responses reveal why these families give, the types of vehicles through which they donate, what shapes their philanthropic time horizon choices, popular causes, and engagement of the next generation.

This is the only global survey about family philanthropy of such a scope. The survey respondents represent 28 countries and $2.4 billion in annual giving. With half of the respondents based in the United States, 25% in Europe, and 20% in the Asia-Pacific region, the survey also provides insight on regional nuances to philanthropy.
Among the most significant findings:

"As the global economy grows, so does the number of wealthy individuals making philanthropy a key part of their lives. They're seeking new approaches and instruments to address acute social and environmental issues effectively," said Rockefeller Philanthropy Advisors CEO Melissa A. Berman. "This global survey affirms trends that we've identified in our work: the desire for deeper personal engagement, more focused giving, and a commitment to impact that can be seen and assessed. Families around the world are actively involved in donor collaboratives, impact investing, media campaigns and public private partnerships. And as donors become more sophisticated in giving and investing, they're thinking seriously about the time horizon that makes the most sense for the goals, motivations and visions of their own philanthropy."

On time horizon
This report reveals that nearly one-third of families (32%) are choosing to adopt a time-limited approach to philanthropy, concentrating their donations over shorter time periods. In fact, the pace of choosing a time-limited approach has grown by nearly two-thirds since the early 2000s. Key drivers include the desire to: see the impact of giving during their lifetime (30%); narrow philanthropic focus (23%); and transfer more of a founding donor's wealth to good causes sooner rather than later (17%).

The Jacobs Family Foundation, profiled in the report, is an example of this model, designed to have an endpoint based on the founder's personal experience, philosophy, and desire to see an impact on the local economy during his lifetime. Be alert to the latest news.

The majority of responding families (62%) have adopted the more traditional in-perpetuity model of philanthropy. Those adopting an in-perpetuity approach overwhelmingly say it's because they wish to provide sustained and long-term support to persistent challenges (71%). They also cite the importance of an open-ended time horizon to strengthening a family's purpose and values (56%), and having greater impact on beneficiaries over multiple generations (41%). Read all the latest news.

On engaging the next generation
The "next generation" has a significant influence in family philanthropic endeavors across all regions surveyed. Overwhelmingly, families (81%) report the next generation of wealth holders is engaged in their family's philanthropy in some way. Regardless of time horizon approaches, the majority of respondents (65%) stated that instilling philanthropic values and a sense of moral responsibility is their top strategy to engage the next generation. This is followed by more concrete actions, such as involving the next generation in philanthropic work (55%) and creating meaningful roles for them in philanthropic entities (38%).

Despite these commonalities, the survey showed some regional differences. Respondents from Asia-Pacific tended to rely more heavily on instilling philanthropic values and a sense of moral responsibility (70%) and active philanthropic engagement (59%), while those in the United States relied more heavily on creating meaningful roles (41%) and opportunities to transfer knowledge and experience (38%).

"We are in the early stages of a significant transition in which vast sums of wealth are changing hands between generations. The emerging generation is acutely aware of the largescale global challenges it will face, such as climate change," said Dr. Rebecca Gooch, Director of Research at Campden Wealth. As the world's wealthiest are playing an increasingly important role in tackling today's social and environmental problems, the entrance of this new generation is likely to impact critical global initiatives. Beyond NextGens' strong influence in the sustainable investment space, they are also set to significantly affect philanthropic giving. This can result in more meaningful funding for certain important causes, such as the environment." Be alert to read related news.

About Rockefeller Philanthropy Advisors
Rockefeller Philanthropy Advisors (RPA) is a nonprofit organization that currently advises on and manages more than $200 million in annual giving by individuals, families, corporations and foundations. Continuing the Rockefeller family's legacy of thoughtful, effective philanthropy, RPA remains at the forefront of philanthropic growth and innovation, with a diverse team led by experienced grant makers with significant depth of knowledge across the spectrum of issue areas. Founded in 2002, RPA has grown into one of the world's largest philanthropic service organizations and has facilitated more than $3 billion in grantmaking to nearly 70 countries. RPA also serves as a fiscal sponsor for more than 40 projects, providing governance, management and operational infrastructure to support their charitable purposes.

For more information: http://www.rockpa.org
Enquiries: info@rockpa.org
Telephone: +1 212 812 4330

About Campden Wealth
Campden Wealth is a family-owned, global membership organisation providing education, connectivity, research and networking opportunities to families of substantial wealth, supporting their critical decision-making, helping to achieve enduring success for their enterprises, family offices and safeguarding their family legacy.

Campden Research supplies market insight on key sector issues for its client community and their advisers and suppliers. Through in-depth studies and comprehensive methodologies, Campden Research provides unique proprietary data and analysis based on primary sources.

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Campden Wealth owns the Institute for Private Investors (IPI), the pre-eminent membership network for private investors in the United States founded in 1991, and the Campden Club, a global membership network for families and family office executives. Campden further enhanced its international reach with the establishment of Campden Family Connect PVT. Ltd., a joint venture with the Patni family in Mumbai in 2015.

For more information: http://www.campdenwealth.com
Enquiries: research@campdenwealth.com
Telephone: +44 (0) 203 763 2800

Media contacts

Christen Graham, PR Consultant, Giving Strong – cgraham@givingstrong.com; +1 207 383 0082
Dr. Rebecca Gooch, Director of Research, Campden Wealth – rebeccagooch@campdenwealth.com; +44 (0) 203 763 2806

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