A strategic philanthropy model that could fuel
entrepreneurship and small business development in developing
countries is one of the key findings from a report on charitable
giving.
Strategic Philanthropy: Unlocking
Entrepreneurial Potential looked at how ultra high net worth
individuals and families can use their wealth and skills to support
business development in emerging markets and drive social
change.
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Strategic support could include providing
access to affordable capital, offering business knowledge, engaging
marginalised groups in entrepreneurial opportunities and
stimulating entrepreneurial education, the report suggested.
Financial returns from charitable
giving
The report from Credit Suisse and consultancy
CSR Asia underlined venture philanthropy as a promising tool to
support entrepreneurs while generating both financial returns and
social or environmental returns, like poverty reduction.
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By GlobalDataThe study also stressed that measuring the
impact of strategic philanthropy is crucial in ensuring the
allocation of resources and upholding accountability.
