Barclays Wealth today publishes a report which examines the attitudes of high net worth individuals towards philanthropy across the world.
The study, argues that the role of the wealthy in philanthropy is well-documented and is likely to become increasingly influential, particularly in a period of spending cuts.
Entitled 'Global Giving: The Culture of Philanthropy', it also notes that high net worth individuals look set to donate more, in terms of both money and time.
The report is based on a 2010 study of 2,000 millionaires across the world and discusses key differences in behaviour, the attitudes which influence the wealthy to give in some of the leading nations, and the emerging trends in international philanthropy among high net worth donors.
Other key findings include:
- Almost a quarter of high net worth individuals globally say charity is a top spending priority
- The US, Ireland, South Africa and India lead the way in terms of donating both money and time
- Most of the wealthy in the UK and Qatar prefer donating time to money
- 44 per cent of respondents were more likely to make charity a spending priority when they retire, and the amount of time allocated to charity is set to increase by 194 per cent
- Men are more active philanthropists in developed countries but women take the lead in emerging economies
- Compared as regions, developing countries are the second most likely to give money after North America.