Beyond the cheque: HNWs evolving philanthropy

Philanthropic giving, a cornerstone of societal progress, continues to transform. High-net-worth families, increasingly driven by a desire for tangible impact, are moving beyond traditional donation models to embrace more engaged, strategic, and trust-based approaches.

- Judith Fiander

This evolution reflects a growing recognition that addressing complex societal challenges requires more than just financial resources.

Australian Philanthropic Services (APS) as the leading independent, not-for-profit philanthropic services organisation, supports more than 950 clients who give via structures; either their own private ancillary fund or who have a giving fund within the APS Foundation. This client work brings us into contact with changes in giving trends on a day to day basis.

One pivotal shift is the rise of "engaged giving." This model transcends mere funding, advocating for the "5-Ts": Time, Treasure, Talent, Ties and Testimony.

Funders are actively contributing their expertise, networks, and advocacy, fostering deeper partnerships with charities. Whether through joining giving circles like the APS-run Bloom Giving Circle, collaborating on co-funding initiatives, or leveraging their professional skills, these families are recognising the multiplier effect of their involvement.