Although often seen as the domain of wealthy patriarchs, women have historically taken a leading role in the establishment of philanthropic foundations, and women establish close to half of all the philanthropic trusts managed by Equity Trustees.
As International Women’s Day approaches (8 March), Tabitha Lovett, General Manager of Philanthropy, outlines the actions of women - both as donors and recipients - of funding.
“Women tend to outlive men and when they build and inherit wealth they often decide to use it to give back to the community. The clients who establish foundations with Equity Trustees often tell us they do not want to just sit on a fortune but rather see it as a responsibility of their wealth to help others less fortunate and contribute to the greater good” Ms Lovett said.
Read the full Media Release here.