Unlocking Cross-Border Philanthropy in Asia

What are the motivations, challenges, and barriers donors face in giving across the region? BY THERESA CUA Asia is home to an estimated 36% of billionaires globally, and two-thirds of the world’s poor—presenting immense opportunities for regional giving. Philanthropy continues to hold enormous potential for addressing major challenges in the region as wealth continues to rise; harnessing even just 2% of GDP in Asia towards philanthropic giving would unleash some US$701 Billion—or 28% of the cost for achieving the Sustainable Development Goals by 2030. However, philanthropists in Asia face significant barriers to giving. Complex taxation laws, regulatory policies, the limited…