On 15 January, The Philanthropic Initiative (TPI), a global philanthropy advising practice, announced it had entered into partnership with WiseGiving Advisors, a Hong Kong-based philanthropy advising practice, to further strategic philanthropy in the Asia-Pacific region.
With the largest population of high net worth individuals of any region and the fastest growing number of billionaires, Hong Kong and the Asia-Pacific are a burgeoning frontier in philanthropic giving with the potential to affect real world change. Private philanthropy from this region is nascent but with great potential, and TPI and WiseGiving Advisors are committed to supporting its development. The partnership between TPI and WiseGiving Advisors will bring international best practices in strategic philanthropy to Hong Kong and the Asia-Pacific region to ensure their giving reflects their most deeply felt values and addresses society’s most critical needs around the world.
The partnership between TPI and WiseGiving Advisors is a major step in building capacity to make the quantity and quality of Hong Kong’s philanthropy more strategic and strengthening the culture of giving in Hong Kong and the Asia-Pacific region.
‘Donors in the Asia-Pacific region are no longer satisfied with merely writing a check to their favorite charity,’ said Michael Lee, chairperson of the WiseGiving Advisors Steering Committee.