A lot is written in relation to family businesses and their role in philanthropy, and in recent years there has been a surge in 'new philanthropists.'
Family businesses have always been linked to their local communities and supporting a good cause so what is different about these so called 'new philanthropists?'
A good question and this is a good article that discusses some of the differences, the main one being that philanthropy in the 21st century seems to be more associated with change and social impact rather than just charity.
Either way, family businesses continue to embrace giving and make a difference to the communities in which they operate.
Since 2000, many wealthy people have embraced philanthropy. And some — like Bill and Melinda Gates and Michael Bloomberg — have done so on a very large scale, with grand ambitions. This is the subject of my new book, The Givers, and as I’ve traveled around promoting it, a question I often hear is: What’s different about these new givers, if anything? It’s a good question, and one not easy to answer in simple terms. That’s because today’s new donors are quite heterogeneous in their backgrounds, thinking and approaches.