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Philanthropic Structuring: The Asian Context, Hang Wu Tang, Man Yip, Vincent Ooi
Philanthropic Structuring: The Asian Context, Hang Wu Tang, Man Yip, Vincent Ooi
Research Collection Yong Pung How School Of Law
Asian philanthropy has tremendous potential for growth. Even as the population of ultra-rich individuals in Asia continues to expand, studies indicate that Asian philanthropists have the capacity to give a lot more. The key to tapping into the massive potential for Asian giving and catalysing sustainable and impactful philanthropy in Asia, is to understand the Asian way of giving and embrace strategic institutional and industry innovation.Our paper proposes three strategic directions to expand access to philanthropy: encouraging giving beyond one’s home and religious causes; encouraging everyone to give regardless of the size of the gift; and encouraging formal giving.Strong support …