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Giving back: Techpreneurs reshape philanthropy, one donation at a time

UHNI is classified as those with a networth of over Rs 1,000 crore, making donations of over Rs 5 crore

money, cash, investment, stocks, tax, funds, investors, investment, shares, lenders, lending, loans, funding

The total share in private funding has gone up from 26 per cent in FY15 to 23 per cent in FY21 and expected to hit 32 per cent in FY26.

Surajeet Das Gupta New Delhi
Move over the traditional sector’s ultra-rich and famous who have long played an important part in the private funding of philanthropy for years. A new breed of young technology entrepreneurs or techpreneurs who have joined the ultra-high networth individual (UHNI) category and whose numbers are on the rise might still only account for 8 per cent of the total UHNI wealth in 2020-21 (FY21), but they contributed to 35 per cent of the total donations in this category, reveals the latest India Philanthropy Report 2022 conducted by Bain & Company and Dasra, a non-profit organisation supporting the philanthropic sector. Last

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First Published: Mar 22 2022 | 6:10 AM IST

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