Philanthropy

== Asia ==
[[File:Lamia_bint_Majed_al-Saud,_Bahrain_TV_News_Center_-_Mar_28,_2019.jpg|thumb|Saudi Arabian philanthropist [[Lamia bint Majed Al Saud|Lamia bint Majed al-Saud]]]]
While charity has a long history in Asia, {{as of|2018|alt=as of 2018}} philanthropy or a systematic approach to doing good remains nascent.<ref>{{ cite news | first=Ruth A. | last=Shapiro | newspaper=South China Morning Post | title = Philanthropy in Asia needs a push from good government policies | date = 29 January 2018 | url = https://www.scmp.com/comment/insight-opinion/article/2130987/philanthropy-asia-needs-push-good-government-policies | language = en | access-date = 2021-10-27 }}</ref> Chinese philosopher [[Mozi]] ({{Circa|470|391 BCE}}) developed the concept of "universal love" ({{transliteration|zh|jiān'ài}}, {{lang|zh|兼愛}}), a reaction against perceived over-attachment to family and clan structures within [[Confucianism]]. Other interpretations of Confucianism see concern for others as an extension of benevolence.<ref>{{ Cite journal | first1=Qiyong|last1=Guo|first2=Tao|last2=Cui|journal=Front. Philos. China|year=2012|volume=7|number=1|pages=20–54|title = The Values of Confucian Benevolence and the Universality of the Confucian Way of Extending Love | url =http://hep.calis.edu.cn/fulltext/FPC_100002_GQY_CT.pdf| language = en | access-date = 2021-11-22|doi=10.3868/s030-001-012-0002-5 |doi-broken-date=31 January 2024 }}</ref>

Muslims in countries such as Indonesia are bound by [[zakat]] (almsgiving), while Buddhists and Christians throughout Asia may participate in philanthropic activities. In India, [[corporate social responsibility]] (CSR) is now mandated, with 2% of net profits to be directed towards charity.<ref>{{ cite web | title = Handbook on Corporate Social Responsibility in India | url = https://www.pwc.in/assets/pdfs/publications/2013/handbook-on-corporate-social-responsibility-in-india.pdf | publisher=PricewaterhouseCoopers|year=2013|language = en | access-date = 2021-10-27 }}</ref>

Asia is home to most of the world's billionaires, surpassing the United States and Europe in 2017.<ref>{{ cite web | first=Jenny Lei |last=Ravelo | title = Philanthropy in Asia hampered by trust issues, says report | date=2018-01-16| website=Devex| url = https://www.devex.com/news/philanthropy-in-asia-hampered-by-trust-issues-says-report-91889 | language = en | access-date = 2021-10-26 }}</ref> Wikipedia's [[list of countries by number of billionaires]] shows four Asian economies in the top ten: 495 in China, 169 in India, 66 in Hong Kong, and 52 in Taiwan ({{as of|2023|04|alt=as of April 2023}}).

While the region's philanthropy practices are relatively under-researched compared to those of the United States and Europe, the Centre for Asian Philanthropy and Society (CAPS) produces a study of the sector every two years. In 2020, its research found that if Asia were to donate the equivalent of two percent of its GDP, the same as the United States, it would unleash {{currency|507 billion|USD|passthrough=yes}} ({{currency|3.9 trillion|HKD|passthrough=yes}}) annually, more than 11 times the foreign aid flowing into the region every year and one-third of the annual amount needed globally to meet the sustainable development goals by 2030.<ref>{{ cite web | title = Centre for Asian Philanthropy and Society's Doing Good Index Plots Way Forward in Post-Covid-19 World | date = 17 June 2020 | url = https://www.businesswire.com/news/home/20200617005325/en/Centre-Asian-Philanthropy-Society%E2%80%99s-Good-Index-Plots%20 | website=BusinessWire| language = en | access-date = 2021-10-27 }}</ref>