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Family philanthropy picking up
HNIs’ charity growing 18% since FY22: India Philanthropy Report
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New Delhi: There is a long tradition of philanthropy in India and the concept of giving back to society is regarded as an expression of gratitude for one’s prosperity and pleasure. Many individuals and families believe it is their moral mission to help the less fortunate in order to create a more equitable and just society. The idea of contributing by families is now institutionalized through family philanthropy, where members collectively contribute to social causes and development. Over the years, this practice has grown significantly, and recent data indicates a notable surge in family philanthropy.