The region’s philanthropy landscape is evolving rapidly amid a myriad of factors including changing social needs and the rise of a new generation of philanthropists with new approaches. Lim Seok Hui, chief executive officer of the Philanthropy Asia Alliance (PAA), a Temasek Trust initiative to foster collaborative philanthropy in Asia, discusses the latest trends in an exclusive interview with PhilanthropyAsia (PhilA) .
PhilA: What are the growing trends in Asia’s philanthropy sector?
Lim: The Asian philanthropy sector is shifting towards more strategic, impact-driven giving. Our Asian funders remain largely intergenerational, with the baton of philanthropy often passed within families. However, we are witnessing a dynamic shift as the next generation takes on more prominent roles.
These emerging leaders bring a more international perspective, as they recognise Asia’s critical role in addressing global challenges including the climate crisis. Increasingly, these funders are prioritising measurable impact over traditional grant-making. With nearly US$2.5 trillion expected to transfer to the next generation in Asia over the next decade, there is significant potential to catalyse innovative...
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