Over $2 trillion in philanthropic capital is deployed globally each year
Globally, approximately $2 trillion in philanthropic capital is deployed annually, with significant potential yet to be realized through strategic, data-driven models of giving.
With an estimated $1 trillion expected to transition to the next generation across the Middle East by 2030, the UAE is actively fostering new, evidence-based models of philanthropy designed for transparency, accountability, and scalable impact. More than $200 billion in private capital is donated across the Gulf every year.
At the inaugural TIME100 Philanthropy dinner, global leaders gathered in New York City to honour visionary individuals driving transformative change through philanthropy. The event underscored a shared commitment among honourees to advance solutions addressing critical global issues, including health, equality, culture, and economic empowerment.
Featuring prominent names such as Oprah Winfrey, Warren Buffett, David Beckham, Aliko Dangote, Catherine, Princess of Wales and Prince William, Mukesh and Nita Ambani, MacKenzie Scott, Michael Bloomberg, Melinda French Gates, Dolly Parton, Jack Ma, Lin-Manuel Miranda, and Jose Andres, the TIME100 Philanthropy list celebrates diverse and dedicated philanthropists from 28 nations who are filling critical gaps and reimagining the role of giving worldwide.
Among those recognized was Badr Jafar, CEO of Crescent Enterprises and Special Envoy for Business and Philanthropy, UAE. Jafar emphasized philanthropy's evolving role, stating, 'Real philanthropy isn't charity. It is about letting what we see change us, and allowing that change to guide how we live, with compassion and courage. Across Asia and Africa, philanthropy is quietly being reimagined, shifting from transactional giving toward transformational impact.'
Jafar also highlighted the strategic importance of philanthropy journalism: 'Sharing what's working – and also where we fall short – is essential. It encourages transparency and accountability, allowing us to learn and improve continually.'
Reflecting on the UAE's growing role as a global hub for impactful philanthropy, Jafar added, 'As a proud Emirati, I've witnessed the transformative power of collaboration. The UAE increasingly demonstrates that significant challenges can be tackled effectively when diverse sectors of society work together.'
Ayesha Javed, TIME's lead for the TIME100 Philanthropy initiative, stated, 'This list celebrates leaders who have stepped forward to make a difference at a pivotal moment globally, directing resources thoughtfully and strategically into the communities that need it most.'
The TIME100 Philanthropy event offered an inspiring vision of how leaders worldwide are collaboratively redefining philanthropy to address global challenges with insight, innovation, and integrity.
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