Your Highness

Bridging the Divide: The Rise of Philanthropy in Asia

Rich, Anne, Your Highness, N, Mike, Laurie Milken, Carl, Justin Nix

The Milken Institute established a new Singapore center to analyze the intersection of Asia's rapid wealth accumulation and social needs, highlighting a distinct regional shift toward integrating philanthropy with family business strategies. Key initiatives, including Bhutan's "King's Challenge" and new impact investing funds in Hong Kong and South Korea, are driving a generational move away from traditional secrecy and pure donation models toward measurable, data-driven social returns. This evolving landscape seeks to leverage private capital and intergenerational collaboration to address systemic issues like youth demographics and sustainable economic development across the region.