1、Insights from Five FamiliesFAMILYPHILANTHROPY IN ASIAFrom the Chaudhary familyNirvana ChaudharyRahul ChaudharySurabhi ChaudharyMerina Ranjit AcknowledgmentsAt the Centre for Asian Philanthropy and Society(CAPS),we are committed to understanding and addressing dynamic social needs and philanthropic t

2、rends across Asia.Our mission is to maximize the quality and quantity of private social investments in the region.Family philanthropy remains a key channel for giving in Asia,driven by rising wealth and strong family values.We hope this study not only offers insights into how families engage in phil

3、anthropy but also into how philanthropy can serve as an expression of a familys philosophy.We would like to express our profound gratitude to all the families and individuals who contributed their time and insights to this study.Without their candor and openness,this study would not have been possib

4、le.From the Harilela family Aron HarilelaDavid HarilelaShalini MahtaniHersha Harilela Chellaram Mahesh HarilelaFrom the Li family Li DongshengWei XueRocky Liu From the Lo familyJoy Lo CheungAlexandra ChanFrom the Tanoto familyBelinda Tanoto Anderson TanotoIbrahim HasanBey Soo Khiang1Data also shows

5、that UHNW individuals and families are eager to direct their resources toward having a positive impact.In our survey of 135 UHNW individuals in the Greater China region,97%reported engaging in at least one form of private social investment,iii including environmental,social,and governance(ESG),ventu

6、re or impact investing.5 Nearly half(45%)of Asia-based family offices surveyed by UBS Group AG(UBS)reported incorporating philanthropy and charitable giving into theirstrategies.6Family-driven philanthropy is not new.The culture of maintaining close ties with the extended family runs deep in the reg