Ocorian: Family offices are boosting philanthropy but want to see a return
Ocorian: Family offices are boosting philanthropy but want to see a return
New global research from Ocorian shows philanthropic giving by family offices is set to grow strongly over the next two years but family offices want to see some return
It found seven out of 10 (70%) of family office professionals including those working for multi-family offices estimate philanthropic giving will rise by 15% or more over the next two years. Around a quarter (25%) believe spending on philanthropy will rise by 20% or more over that period.
Ocorian’s international study among more than 300 family office professionals collectively responsible for around $155 billion assets under management found the key area for philanthropy is likely to be healthcare and medical research. Around two-thirds (67%) said their family office’s philanthropy is linked to that sector while more than half (51%) pointed to diversity, equality and inclusion.
However the study shows that family offices want some form of investment return from at least some of their philanthropy – around two-thirds (67%) expect to see some form of return on 25% or more of their philanthropic giving with around one in six (16%) expecting to see a return on 50% or more of their donations.