An invite-only family philanthropy network from India pledges to raise $1 billion annually for global development causes when it launches next month and could open the door for the ultra-wealthy to give more as the gulf widens further with the country’s poorest.
Venture philanthropy fund Dasra recently unveiled plans to establish GivingPi, “India’s first and exclusive family network focused on growing the philanthropy circle for a transformed India,” it said on a website that went live last week. GivingPi aims to raise $1 billion for social causes annually by 2030.
Members will be required to contribute a minimum of $64,000 annually — directly to NGOs, via their foundations, or an intermediary such as a collaborative fund — to accelerate progress on achieving the Sustainable Development Goals.