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Wealth-X Adds UHNW Foundations To Database
Wealth-X has added to its database nearly 3,000 ultra
high
net worth individuals whose private philanthropic foundation has
more than $25
million in assets under management. Information includes
biographies, wealth,
motivations, passions and relationships.
The private foundations represent 920 legal entities, a median
average of $50 million per
organization, and a total of $189 billion in assets under
management.
The top four giving categories of the foundations in the
database are education, social services, health and environment.
Wealth-X
created the list of active UHNW philanthropists by analyzing
public records,
tax documents and media reports.
"The start of 2011 has brought a welcome resurgence
among active philanthropists, who are both seeking effective
managers and
suitable organizations to meet their giving objectives,"
executive vice
president of strategy David Friedman said.
