Family businesses keen to invest in philanthropy and impact investing

Philanthropy remains an important activity for family owned companies across the globe. A new report finds that on average 3.1% of respondents’ wealth is invested in some form of philanthropic activity, with an average of 61% providing that capital to projects within their local community. For many businesses, giving has an ulterior, financial motive, but for some is only in part aimed at generating improved financial returns.

In a new report, EY explores current trends within the philanthropic activities of family business owners and managers across 21 countries. The research, titled ‘The Family business philanthropy – creating lasting impact through values and legacy’, involves 525 respondents of which 67% are from companies with more than 500 employees.

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