Giving it away: When sweet charity turns sour

For many family businesses, philanthropy is a fundamental part of their corporate ethos, but it can also be used as a wealth management strategy or to bolster tarnished reputations.

Family businesses have tended to be at the forefront of philanthropy. Studies have shown they are consistently more generous than non-family businesses.  The Munich-based Foundation of Family Businesses, for example, found that nearly 60 per cent of family businesses support charitable activities and foundations, compared with only 44 per cent of non-family businesses.

Unlike other businesses, family businesses tend to have strong local roots and they also tend to take a more holistic approach to philanthropy, with many including their staff in their giving as well. 


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles