The Luxury Daily:
Wealthy Chinese individuals’ philanthropic donations rose 50 percent year over year in 2016, according to new research from Hurun Report.
Hurun’s rankings of China’s 100 most generous philanthropists found that the top Chinese donors were most apt to support education and disaster relief, with half of the list giving funds to causes in those two categories. Almost one in seven individuals who made the list are new to the rankings, showing a diverse, large audience for institutions that rely on the deep pockets of ultra-high-net-worth individuals for funding.
“Gone are the days when Chinese entrepreneurs simply give money to a charity,” said Rupert Hoogewerf, Hurun Report chairman and chief researcher. “Nowadays, China’s top philanthropists are much more concerned about the impact of their donations, most of which are in education.”More in the Luxury Daily.
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