UAE envoy on the trends reshaping philanthropy

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UAE envoy on the trends reshaping philanthropy

The NewsAs the US reduces foreign aid and UN institutions consistently fall short of funding targets, the private side of philanthropy is undergoing a dramatic transformation, driven by three major trends, according to Badr Jafar, the UAE’s special envoy for business and philanthropy.The first is an unprecedented intergenerational wealth transfer, estimated at $80 trillion globally over the next two decades, with more than $1 trillion shifting h…