The philanthropy sector is undergoing rapid change, becoming younger and with greater numbers of women and increasingly diverse profiles. Networking and skills provision are now taking their place alongside financial commitment.
In addition to the practices devised by family foundations, philanthropy is becoming an intrinsic tool for many companies, and is being incorporated into their development goals. Although rooted historically in the English-speaking world, philanthropy is now expanding fast — not only throughout Europe but also in emerging countries such as India, China and Brazil.
"Recent changes confirm that there is a need for an academic approach to strategic philanthropy, together with a more theoretical insight into the sector, which is having a very real impact in development fields such as water, migration, global warming and cultural heritage".
Yves Flückiger, Rector of the University of Geneva