Young, ambitious, and global minded
Written by: Brad August 4th, 2009The traditional image of a philanthropist - an older man in a vest sitting solemnly in a red armchair – is, well, too traditional. A new report published by Barclays Wealth shows that a new breed of wealthy philanthropists is emerging. They are younger, more socially aware, and more motivated to give back to the communities.
Nicknamed the ‘Go Giver’, this ambitious group has a stronger commitment to philanthropy than older generations and feels more responsibility to support charities and causes. More than their older counterparts, they believe that giving will become more incumbent on the wealthy because governments are overburdened with debt. They are also increasingly interested in supporting global causes – 59 per cent of 18-34 year olds stated more interest in global charitable causes, compared to 24 per cent of 35-44 year olds and a fifth of 44-45 year olds.
“Philanthropy is being used as a tool in family dynamics, it’s a way in which one can connect to one’s children over something that isn’t about who’s going to get the spoils. It’s something where you can try and inculcate your values into the younger generation.” Said Doug Balfour, CEO of philanthropic advisers Geneva Global.
Whether it’s due to family education, social networks, or as Melissa Richer of Ayllu has suggested, simply survival, this young, ambitious and global minded generation – which we proudly consider ourselves part of – will certainly change the philanthropy landscape, and consequentially the world. Building 30+ schools across the world and giving 3,000 children education all before we turn 30? Join us and make it happen.
Tags: philanthropy
