Art of giving: How philanthropy can improve lives, lead to a better India

Majority of donors interviewed contribute on average $15,000 to 75,000 per annum to philanthropy

Management consulting firm Bain & Company on Saturday released a report seeking to explore how philanthropists can engage with the society more effectively to optimise the impact of their financial support.

The report titled “India Philanthropy Report 2018 - Understanding tomorrow’s strategic givers” was released at Dasra Philanthropy Forum in collaboration with Dasra, a Mumbai-based NGO.

More than 33 philanthropists mentioned four critical mindsets:

• Embracing not only a ‘today forward’ approach but also a ‘future back’ lens to planning one’s philanthropic journey

• Appreciating the importance of both the heart and the mind in making philanthropic decisions

• Focusing not only on inputs