This in-depth Bloomberg explainer on the how and why of establishing a family office highlights how philanthropy and a sense of shared purpose are often the critical glue that keeps families talking and working together. This was a key finding from our report, “Family Philanthropy in Asia: Insights from Five Families,” where we highlighted the compelling stories of the Harilela (Hong Kong) and Tanoto (Indonesia/ Singapore) families who were also interviewed for this piece.
Another important reason for single-family offices to consider philanthropy? Legacy.
As CAPS CEO & Co-Founder Dr Ruth Shapiro said in the article, “Philanthropy can help establish that you care about the world, that you’re compassionate, and help you build that legacy as a person. What do you want to be remembered for?”
Read the article here.