Significant gifts to charities help wealthy families pass on their values to the next generation
The world’s ultra-wealthy play a significant role in transferring some of their wealth to support charitable causes. In its latest report, the business intelligence firm Altrata notes that the ultra-high-net-worth people – those worth US$30-million or more – gave a total of US$190-billion to philanthropic causes in 2022, almost 25 per cent more than in 2018, and made up nearly 38 per cent of all individual giving.
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