What's Happening?
Singapore and Switzerland are increasingly becoming attractive bases for charitable foundations and endowment funds due to their stable regulatory environments, strong financial sectors, and established
non-profit ecosystems. The Swiss private banking group Pictet highlights the growing trend of wealth migration and global mobility, with charitable foundations seeking jurisdictions that support their ambitions. The geopolitical landscape has prompted many foundations to reconsider their locations, with Singapore and Switzerland offering favorable conditions for mission-aligned investing, including Environmental, Social, and Governance (ESG) considerations.
Why It's Important?
The shift towards Singapore and Switzerland as preferred locations for charitable foundations reflects broader trends in global philanthropy. These jurisdictions provide stability and security, crucial for foundations facing challenges such as market volatility and regulatory changes in the U.S. non-profit sector. The emphasis on ESG investments indicates a growing focus on aligning financial strategies with social impact goals. This trend could influence how foundations operate globally, potentially leading to increased collaboration and innovation in philanthropy.
