We define philanthropy as the giving of resources in an engaged and strategic way for maximum impact and in a tax efficient manner. It can include the giving of money, assets, time, talent, voice and one’s social capital. We believe in the power of philanthropy as a great social connector and the source of many great opportunities.

City Philanthropy

A Wealth of Opportunity

UBS/PWC Billionaires: Master architects of great wealth and lasting legacies

Jul 2nd 2015

The 2015 Billionaires report, a collaboration between UBS and PWC, "sheds new light on the story of great wealth - how it's created, preserved and how it breeds philanthropy." It uses data for more than 1,300 billionaires over the past 19 years.

The report believes that this golden period of wealth creation may soon decelerate and identifies that the conditions which allow billionaires to thrive are cyclical. The research also discovered that the current generation of billionaires is ageing, with two-thirds of them in the 'corridor of wealth transfer' when they have to decide what their legacies will be.

The report suggests that the end of this 'second gilded age' of wealth creation will lead to an 'unprecedented wave of philanthropy' in many forms - foundations, endowments, social investing.

Visit UBS to read the report in full

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