From Prosperity to Purpose: Perspectives on Philanthropy and Social Investment Among Wealthy Individuals in Latin America

From Prosperity to Purpose: Perspectives on Philanthropy and Social Investment Among Wealthy Individuals in Latin America

Many high-net-worth individuals in Argentina, Brazil, Chile, Colombia, Mexico, and Peru see philanthropic giving as a social and moral responsibility and are expanding the scope of their philanthropy, a report from and the at Harvard University finds. Based on a survey and interviews, the report, (62 pages, PDF), examines the philanthropic motivations and aspirations of the wealthiest donors as well as the techniques they employ and the challenges and obstacles to social investment they face. Among other things, the survey found that elementary/secondary education was the most popular issue area for HNWs in those countries, followed by arts and culture, health, economic development, and postsecondary education, with children/youth and the poor topping the list of intended beneficiaries. The survey also found growing interest in impact investing and an evolving view that philanthropic giving can, and should, go beyond addressing immediate needs to support sustainable social change across a wide range of issues.

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