Global philanthropic bodies have US$1.5t assets

Report says 58 per cent of foundations do not collaborate with other foundations; assets are likely an underestimation

On the sidelines of the event, UBS announced that it has helped to facilitate a partnership between The Global Fund and DT Families Foundation in Thailand, which will work together to eradicate malaria in the Mekong subregion.

PHOTO: BLOOMBERG

Singapore

PHILANTHROPIC foundations globally are estimated to hold assets of close to US$1.5 trillion, but half have no paid staff and budgets are relatively modest at an average US$1 million, a study has found.

The Global Philanthropy Report found that the philanthropic sector is