Philanthropy in Asia Summit ends as charitable giving grows in the region

Wong Maye-E/AP - People walk along the Skylink among the Supertrees during sunset, Thursday June 28, 2012 in Singapore.

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The event’s sponsors include the Singapore branch of Ashoka, the AsianVenture Philanthropy Network (AVPN), LIEN Centre for Social Innovation, WINGS and the World Congress of Muslim Philanthropies.

During his keynote address Monday, the Business Times Singapore’s Nisha Ramchandani reported that Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam said giving “in Singapore as well as across Asia is still in its very early stages.”

According to Shanmugaratnam, individuals’ donations in Singapore tripled between 2006 and 2010, reports the Straits Times’ Leslie Kay Lim.

There were no admission fees charged for attendance, but participants were encouraged to make a donation, with the average cost per participant estimated by organizers to be a little under $3,000.

Meanwhile, the BBC’s Yogita Limaye reports that in India, which ranks 91st on the World Giving Index, the philanthropy landscape is beginning to change, having ranked 134th the previous year. And rather than donating to projects, Indians are reportedly more likely to donate to religious causes.

Read more about India’s changing face of philanthropy on the BBC

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