The new family philanthropy: investing for social and environmental change

This article examines the emergence of "new family philanthropy," characterized by a strategic approach to investing for both social and environmental change. It highlights how contemporary philanthropic families are moving beyond traditional grant-making to embrace impact investing, blended finance, and other innovative models that seek measurable social returns alongside financial ones. The authors explore the motivations, strategies, and challenges faced by these families as they leverage their wealth to address complex global issues, aiming for more integrated and sustainable impact.