28 September 2007

Philanthropy advice needed

A new report written by Scorpio Partnership, on behalf of NPC, wise and Bertelsmann Foundation highlights the difficulties that wealthy philanthropists face in getting good advice on their giving.

The research was based on in-depth interviews with 34 ultra high net worth individuals and family offices in the UK, Switzerland and Germany. Respondents had a net worth ranging from $90m to $2.5bn and on average give away around 5% of their net worth each year.

Some key findings in the report include:

• there is a real opportunity for advisors to provide an improved service to their clients by offering more advice on philanthropy;
• the appetite for advice is highest during the initial, start-up phase of a client’s philanthropy; and
• donors want more opportunities to network with like-minded donors

Click here to read the report, summary or press release.

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