The New Face of Asian Philanthropy Philanthropic organizations across Asia are increasingly repositioning themselves as providers of “risk capital” to drive social innovation, effectively bridging the gap between traditional charity and venture capital. A recent report highlights this shift, noting that foundations are moving beyond simple grant-making to support scalable, technology-driven solutions that address systemic…
The Sir Ratan Tata Trust, a preeminent philanthropic entity in India, confirmed this week that it is actively reviewing a recent order issued by the Charity Commissioner regarding a complaint filed by board member Venu Srinivasan. The controversy surfaced following an ex parte directive, which the Trust asserts was issued without prior notification or the…
The Maharashtra State Charity Commissioner has officially directed the board of Tata Trusts to defer a meeting originally scheduled for this Saturday, citing procedural concerns and the need for regulatory oversight. This intervention by the state authority, which regulates public charitable trusts under the Maharashtra Public Trusts Act, marks a significant regulatory move regarding the…
