Family philanthropy to grow by 18% in India: Report
At present, family philanthropy in India has immense potential to lead the country’s philanthropic movement, driving sustainable and inclusive development at the policy level. However, the projected 18 per cent growth in family philanthropy by Indian Philanthropy Report 2023 is not enough to meet growing demands. The need of the hour is to fill in the gaps between family philanthropists and fund seekers to impact investment purposes. Nurturing this valuable family-driven giving system can be transcendental in the growth of Indian society as a whole.
Nikhil Kamath, Kiran Mazumdar Shaw pledges Rs 50 lakhs to charity
The pledge was made in response to a question from a listener about how they could make a difference in the world. Kamath and Shaw said that they believe in the power of philanthropy to make a positive impact on society. They also said that they wanted to encourage others to give back to the community. This is not the first time that Kamath and Shaw have spoken out about the importance of philanthropy.
Nehru even asked children to ‘break their gullaks’, provide support during 1962 and 1965 wars
This type of giving — of time, skills and monetary contributions, including assets — has been an integral part of Indian society. All religions born and practiced in the Indian subcontinent encourage giving for the wellbeing of the needy. From feeding birds and animals to pyayu, a custom in North India (providing drinking water to passers-by), these are universal practices of giving, much of which is second nature to us.
Why Philanthropic Giving Declined in 2022
One of the reasons we saw a decline in giving by individuals was because of that stock market loss,” notes Dr. Anna Pruitt, managing editor of the Giving USA report for the Lilly School. “We know historically that can really affect high-net-worth donors. On the flip side, you know, we also saw disposable personal income go down as well, especially when we adjust for inflation.
Source: www.nonprofitquarterly.org
21-YO, Janvi Bhua Sacrifices Her Own IT Career To Uplift Slum Kids, Teaching More Than 50 Kids Under Bridge Of A Highway
As Janvi went further into the slum, she discovered that these kids lacked basic life knowledge, and they couldn’t even envision themselves as educated or well-behaved individuals. Janvi’s work began with a simple yet strong idea: educate these youngsters and teach them moral qualities that would equip them to live a life of honor. She was certain that no youngster should be forced to beg or denied the right to an education.
The Role of Philanthropy in Advancing Artificial Intelligence
Concerns about the risks associated with AI have been raised experts and technology leaders, including Elon Musk, who signed an open letter calling for a pause in AI development until these risks can be better understood.