Family businesses are considered to be better-placed to combat downturn
Howard Lake | 2 March 2009 | Blogs
I see from the latest (free) newsletter from Wealth Bulletin that family businesses are considered to be better-placed to combat downturn. A new report written by the Economist Intelligence Unit on behalf of Barclays Wealth was based on two main strands of research. The Economist Intelligence Unit conducted a survey of 2,300 affluent and wealthy investors with investable assets ranging from £500,000 to over £30 million. Among the 2,300 respondents, almost 300 were family members within a family business. The family business respondents were distributed internationally, with around 80% in Europe and Asia-Pacific, and the remainder in North America, and Middle East and Africa, and were spread across a wide variety of sectors, including retail, construction, financial services, agriculture, energy and utilities, and IT and telecoms. Almost one quarter have liquid assets in excess of £10 million.
The report also mentions philanthropy, and one Etienne Eichenberger, (founder of wise www.wise.net), an advisor to wealthy families on their philanthropic aspirations. Eichenberger says that donors in Europe differ in their approach to evaluating the impact of their donations. “I think there is a more statistical approach to evaluating donations in UK”. Eichenberger also reports that there is a big drive by family business owners to have their next generation involved in philanthropy. You can download the report from www.barclayswealth.com
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About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.