Friday, 26 April 2024

The Global Wealth and Society programme seeks to identify the important role that the privileged have towards their respective society. In building this programme, we measure wealth, not by the amount of financial assets individuals amass but by the positive impact they create on society through sustainable projects. Projects that are close to their hearts and which they believe to affect their immediate society in a deep and profound manner.

Based on this philosophy of contribution and giving back to the society, we identify these individuals as “Champions of Philanthropy” as part of our Global Wealth and Society Awards Programme.

Over the next few weeks until early October, our research team will be adding new names to the list and will be reaching out to them as part of the awards evaluation process.

The list below profiles selected Champions and their shortlisted projects across Africa, the Americas, Asia, Europe and the Middle East . In doing so, the list also tracks the way they are investing and deploying their wealth to bring about positive impacts on the society that they operate in.

Muhammad Yunus

- Bangladesh


These loans are given to entrepreneurs too poor to qualify for traditional bank loans. Yunus Social Business (YSB) is a profit and non-profit venture fund that turns philanthropic donations into investments in sustainable social businesses. Companies like Impact Water that have been financed by YSB tackle similar challenges to those traditionally addressed by aid agencies or charities, providing employment, education, healthcare, clean water and clean energy. YSB has supported over 3000 Entrepreneurs, completed a revenue of per year $ 13 Million of social business financing, helped create over 30,000 jobs and impacted the lives of over 3 million people in Colombia, Brazil, Haiti, The Balkans, Tunisia, India and Uganda.

Jacqueline Novogratz

CEO of Acumen - American Samoa


Novogratz founded and directed The Philanthropy Workshop and The Next Generation Leadership programs at the Rockefeller Foundation before founding Acumen in 2001. Acumen invests patient capital in businesses that provide critical goods and services to people living in poverty. It estimates that it has impacted more than 260 million people through its investments. Novogratz oversaw the development of Acumen's Fellowship program, which develop leaders for the social sector The organization invests “Patient Capital,” capital that bridges the gap between the efficiency and scale of market-based approaches and the social impact of pure philanthropy, in entrepreneurs bringing sustainable solutions to big problems of poverty.

George R. Roberts

Founder and Board Chair Roberts Enterprise Development Fund (REDF) - American Samoa


REDF is a venture philanthropy that invests exclusively in social enterprises that employ and empower people overcoming barriers to work. In 1997, The Roberts Enterprise Development Fund (REDF) was formed with a mandate to launch and grow social enterprises. By 2004, REDF’s methods and reputation had grown, enabling it to convert from a family foundation to the independent non-profit it is today. Using the principles he developed while leading KKR, the global private equity investment firm he co-founded, Roberts structured REDF to undertake venture philanthropy, with the mindset of an investor, and an expected return measured in people with jobs and lives changed. With backing from a $7 million Social Innovation Fund (SIF) grant, REDF announced our first national portfolio; expanded the national reach of our advisory services; increased our funding of high-performing social enterprises across the U.S.; and built partnerships with businesses, philanthropy, human services, and government.

Oscar M. Lopez

President and Chair of the Board, Benpres Holdings Corporation - Philippines


Lopez Group Foundation, Inc. (LGFI) is a non-stock, non-profit organization that functions as a social, charitable institution. It also coordinates the Corporate Social Responsibility (CSR) initiatives of the Lopez Group of Companies, which is into, energy, real estate, manufacturing, broadcasting and communications. LGFI was incorporated on January 28, 2004 with the Securities and Exchange Commission (SEC). It is certified as a done institution by the Philippine Council for NGO Certification (PCNC) and the Bureau of Internal Revenue (BIR) and is registered with the Department of Social Welfare and Development (DSWD) as an auxiliary social welfare and development agency. LGFI stands on the pillars of the Lopez family values of public service, nationalism, and entrepreneurship. The present generation of Lopez's continues the Lopez legacy, building on past acts of philanthropy, creating bridges on present initiatives in corporate social responsibility.

Gary White

Co-founder and CEO of Water.org and WaterEquity - American Samoa


Water.org Together with the 125 partners around the world, they have helped mobilize more than $1.8 billion in capital to support small loans that bring access to safe water and sanitation to millions of people in need. That’s how every $1 put into WaterCredit creates $59 worth of impact. From a makeshift office in his home, Gary has led Water.org to become an international organization with more than 100 people changing lives in 13 countries around the world.

Rita Tong Liu

Chairman, Gale Well Group - Hong Kong


Mrs Liu is also a well-respected philanthropist who aims to serve mankind by giving back to the community. She founded L & T Charitable Foundation and Rita T Liu Foundation in 2004 and 2015 respectively. The two Foundations have donated over hundreds of millions of dollars to the Hong Kong community including higher education institutions and non-governmental organisations. The numerous projects supported by the L & T Charitable Foundation include the remarkable saltpans of Yim Tin Tsai (Sai Kung), which, together with St. Joseph's Chapel, won the Award of Merit of UNESCO Asia-Pacific Awards for Cultural Heritage

Anil Manibhai Naik

Group Chairman of Larsen & Toubro Limited - India


In his personal capacity, Naik is a philanthropist who is committed to securing positive outcomes on his initiatives in healthcare, education and skill-building. In August 2016, Naik announced that he would give 75% of his income to charitable causes over his lifetime, setting up the Naik Charitable Trust for education and the Nirali Memorial Medical Trust for healthcare. A. M. Naik, established Larsen & Toubro Public Charitable Trust (LTPCT) with a focus on instilling philanthropic values at all levels of the organisation. He encouraged employees to give back to society and used the vehicle of ESOPs as the medium of contribution. The Company matches employee contributions with an equivalent grant. Since its inception in 2004, the Trust has touched the lives of lakhs of underprivileged children, women and youth in seven states where LTPCT operates, in partnership with esteemed NGOs with the objective of reducing duplication of effort, enhancing scalability and implementing the learning to multiply impact.

Mazumdar-Shaw

- India


In 2004, Mazumdar-Shaw started a corporate social responsibility wing at Biocon, the Biocon Foundation. The Foundation focuses on health, education and infrastructure, especially in rural areas of Karnataka which lack healthcare facilities. In 2009, she established a 1,400-bed cancer care centre, the Mazumdar-Shaw Medical Foundation, at the Narayana Health City campus in Bangalore. Mazumdar Shaw Medical Foundation is a non-profit organization and has two arms to support its cause, which are Mazumdar Shaw Center for Translational Research and Mazumdar Shaw Cancer outreach program. Mazumdar-Shaw dislikes the term "philanthropy", believing that it often provides temporary fixes rather than addressing the root cause or the underlying situation. She prefers the term "compassionate capitalist", believing that properly applied business models can provide an ongoing foundation for sustainable social progress. Mazumdar-Shaw and her husband have donated $7.5 million to the University of Glasgow. Two-thirds of the grant is earmarked for a research hub to be called Shaw Plaza. The remainder will endow a professorial chair in precision oncology. The couple also pledged $2 million recently to the Memorial Sloan Kettering Cancer Center in New York to establish the Mazumdar-Shaw International Clinical Fellowships. Mazumdar-Shaw, who signed the Giving Pledge in 2016, has also given $3.5 million to Krea University, a new liberal arts university in southern India.

Markus Bodenmeier

Co-founder, Member of the Management Board AQAL AG - Germany


Climate Endowment is a climate-focused investment company employing the multi-asset class endowment style, pioneered by Yale and Harvard university endowments aiming to achieve both solid long-term risk-adjusted returns and a significant reduction of CO2 emissions. It was launched by experienced investment professionals and entrepreneurs as an urgent response to the Climate Crisis and to the European voters’ demand for a Green Revolution. It seeks lower risk and lower return investments than most of the private equity industry and aim to cater to the risk profile of more conservative investors. Climate Endowment focuses on investments in scalable platforms with infrastructure / hard asset characteristics based on proven technologies with significantly lower CO2 emissions.

Sukanto Tanoto

- Indonesia


Tanoto Foundation is an independent family philanthropy organisation founded by Indonesian entrepreneur Sukanto Tanoto and his wife Tinah Bingei Tanoto in 1981. The Foundation focuses on improving access to knowledge and education, with a specific focus on countries in which Tanoto has business presence, including Indonesia, Singapore and China. Key activities include providing access to education through the provision of more than 20,000 scholarships (as of 2018), improving the quality of schools and teaching, and funding medical research into diseases prevalent in Asian populations. In 2018 the Foundation announced a refreshed strategy including four targets: Contribute to the reduction of the stunting rate in Indonesia to below 20% by 2030; Help Indonesia become one of the five most improved countries in the OECD's Programme for International Student Assessment (PISA) ranking system by 2030; Catalyse preventive and integrative medical research efforts into Asian prevalent diseases to extend the average health span of Asians by five years, by 2030 Support the development of a community of leaders who are making a positive impact on society.