Page 2 - Philanthropy

Adani among 3 Indian billionaires on Forbes list of philanthropy heroes

Indian billionaires Gautam Adani, Shiv Nadar, and Ashok Soota, as well as Malaysian-Indian businessman Brahmal Vasudevan and his lawyer wife Shanthi Kandiah, were named in the 16th edition of Forbes Asia's Heroes of Philanthropy list released on Tuesday. The unranked list "highlights leading altruists in the Asia-Pacific region who demonstrated a strong personal commitment to philanthropic causes," Forbes said in a press release. Adani was listed for having pledged Rs 60,000 crores (USD 7.7 billion) when he turned 60 in June this year. The pledge makes him one of India's most generous philanthropists, the press release said. The money will address healthcare, education, and skill development and will be channelled through the family's Adani Foundation, which was founded in 1996. Each year, the foundation helps nearly 3.7 million people across India. Self-made billionaire and philanthropist Shiv Nadar counts among the top donors in India, having channelled close to USD 1 billion of

Philanthropic donations can pay you monetarily, finds think tank report

India offers two different rates of deduction on its most popular tax incentive scheme (also known as the 80G scheme), 50 per cent and 100 per cent, depending on the recipient

Giving back: Start-up entrepreneurs double their donation in FY22

Top 3 from start-ups are Nithin and Nikhil Kamath of Zerodha, Ronnie and Zarina Screwvala of Unilazer group and ex-Flipkart founder Binny Bansal

HCL's Shiv Nadar most generous: Hurun India Philanthropy List 2022

HCL founder Shiv Nadar topped as the most generous person in the country with an annual donation of Rs 1,161 crore, the EdelGive Hurun India Philanthropy List 2022 revealed on Thursday. Nadar, 77, has reclaimed the 'India's most generous' title with a donation of Rs 3 crore per day, according to the report. Wipro's Azim Premji, 77, slipped to the second position with an annual donation of Rs 484 crore after ruling at the top position for the last two consecutive years, it said. India's richest man Gautam Adani, 60, ranked seventh in Edelgive Hurun India Philanthropy List 2022, with a donation of Rs 190 crore. The report further revealed that in India a total of 15 individuals made an annual donation of over Rs 100 crore, 20 donated over Rs 50 crore and 43 over Rs 20 crore. A M Naik, 80, group chairman of Larsen and Toubro, who donated Rs 142 crore, is the country's most generous professional manager, the report stated. It further said that Nithin Kamath and Nikhil Kamath of Zerod

Patagonia's Yvon Chouinard gives everything away to fight climate change

All the profits of the $3 billion company, Patagonia, will now go towards fighting climate change and protecting land across the world

Rohini Nilekani is changing philanthropy

Her book offers a useful maxim for philanthropists to live by

TMS Ep202: Economic recovery, philanthropy, crude oil, anti-defection law

How is the Indian economy recovering? What is the impact of family philanthropy in India? Will high crude oil prices bring a windfall to some companies? What is an anti-defection law? Answers here

What has been the impact of family philanthropy in India?

Pandemic also reinvented philanthropy in India. Gautam Adani recently pledged to donate $7.7 bn to social causes. But is the family philanthropy by ultra-rich Indians making the desired impact?

Statsguru: Six charts that show India's rich remain reluctant givers

Overall CSR allocations appear to have taken a hit during the pandemic even as they became skewed towards certain sectors

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

Tapping the promise of philanthropy

The role of philanthropy has become more critical today

Billionaire Elon Musk's latest innovation is to troll philanthropy

"He doesn't seem to care much about using his philanthropy to curry public favour," Benjamin Soskis said

In 2020, the year of Covid-19, Indians donated 43% more: Survey

Two in three gave money or goods to charities or for community services, and an equal proportion said the government and businesses should have contributed more, says the 'India Giving Report 2021'

Billionaire Bill Gates regrets meeting Jeffrey Epstein: report

'It was a huge mistake to spend time with him, to give him the credibility of being there'

Gender, climate change: Gates divorce spurs divergence of investing goals

In years leading up to their breakup, Bill and Melinda French Gates dived into projects outside the scope of their foundation's work. That trend expected to accelerate post-divorce.

Jamsetji Tata tops global list of top 10 philanthropists from last 100 yrs

Hurun Research and EdelGive Foundation today released the 2021 EdelGive Hurun Philanthropists of the Century, a ranking of the world's most generous individuals from the last 100 years

Bill and Melinda Gates to end 27 years of marriage; $146 billion at stake

Their decision puts at stake one of the world's greatest fortunes and one of world's largest philanthropy operations.

Private philanthropy outstripped corporate largesse by 42% in FY20: Report

It is this increase that has propelled an increase in total private funding by a healthy 23 per cent, touching Rs 64,000 crore in FY20

Funding from family philanthropy in India triples to Rs 12,000 cr in FY20

Family philanthropy has proven resilient throughout the pandemic, a report said

CSR shouldn't be legally mandated, charity must come from within: Premji

He added that it is important that individual and personal philanthropy is separated from a company's CSR efforts