Global Philanthropic Market to See Sustained Growth, Forecasts WealthInsight in Its Report Now Available at MarketPublishers.com19 Aug 2016 • by Natalie Aster
LONDON – With the number of high net worth individuals (HNWIs) surging from pole to pole, the global philanthropic marketplace is anticipated to see sustained growth. This offers considerable opportunities for advice-givers to target HNWIs. Wishing to increase their wealth, HNWIs also want to grow their fortunes and satisfy their personal interests. There are manifold ways in which the HNWI population can create a legacy via philanthropic activities, foundation work and transferring values to their kids. Younger HNWIs tend to donate their wealth in versatile ways. Impact investing, microfinancing and holding out promises are all changing the way charitable institutions, non-profits and other organisations target HNWIs. HNWIs’ giving patterns vary considerably in accordance with their gender, age group, wealth band, location and motivation.
The volume of HNWIs is projected to grow at a CAGR of 3.03% through 2020, reaching more than 20 million individuals by the end of the forecast period.
Globally, health was the most popular cause for HNWIs, with academic causes and culture following after. Around 30% of female HNWIs are more willing to contribute to health related cause, as against 23.7% of men.
Comprehensive market research report “Modern Philanthropy: New Ways for Organizations to Target HNWIs” created by WealthInsight canvasses the attitudes of HNW philanthropists and their favourite philanthropic causes, and also identifies and examines the essential differences in giving. It takes a deep look at HNWIs’ preferred philanthropic causes and segments them based on age, wealth band, gender and region. The study provides an extensive evaluation of present-day trends in philanthropy, covering foundation works, socially responsible business and cooperative philanthropy and limelights novel approaches that philanthropic organisations should take when targeting the HNWI population.
More comprehensive reports by this publisher are available at WealthInsight page.