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A philanthropist is someone who gives their time, resources, expertise, abilities, or talents to make the world a better place. A philanthropist can be anyone, regardless of wealth or prestige. These are usually wealthy people who use their fortune to create or fund charity organizations and institutions, such as hospitals, museums, libraries, foundations, and more. Even though kindness is supposed to be charitable, there are some who criticize modern philanthropy.

 

According to Hurun India Philanthropy List 2023:

 

  • - HCL Technologies' Shiv Nadar retained the title of ‘India’s most generous' for the third straight year as he donated ₹2,042 crore during the fiscal year 2022-23, as per.
  • - Philanthropist Rohini Nilekani became the only woman to make it to the top 10 of Hurun’s top Philanthropist List 2023 With a donation of Rs 170 crore, The 64-year-old ranked 10th on the list for her donation to ecosystem building.
  • - Zerodha co-founder Nikhil Kamath emerged as the youngest philanthropist. Nikhil Kamath and Nithin Kamath together donated Rs 110 crore in a year.

 

Bengaluru is home to the third largest number of philanthropists on Hurun’s top Philanthropist List 2023, accounting for 11 percent of the millionaires and billionaires on it. Mumbai topped the list with 33 percent of the philanthropists, followed by Delhi at 16 percent.

 

In India, becoming a philanthropist means having a sincere desire to improve society and to dedicate oneself to social issues. This is a guide explaining how to start a charitable foundation in India:

 

First, Determine What Your Passion Is: Choose the social issues—poverty alleviation, healthcare, education, or environmental conservation—that most appeal to you.

 

Second, Learn and Research: Become knowledgeable about the particular difficulties associated with your selected cause. Recognize the grassroots organizations, NGOs, and ongoing projects operating in that field.

 

Thirdly, Money Commitment: Set aside a certain percentage of your earnings for charity contributions. As your financial ability increases, you can start modestly and progressively raise your contributions.

 

Fourthly, collaborations and Collaboration: Create collaborations with like-minded people or work with well-established NGOs. Combining resources and knowledge typically makes charitable endeavors more effective.

 

Fifth, Active Participation: Take part in social projects in a hands-on manner. Give of your time and expertise. Your active participation can result in beneficial improvements and motivate others to pitch in as well.

 

The sixth tip is Advocacy and Awareness: Make use of your power to spread the word about the subject you believe in. Promote social and policy reforms to deal with systemic difficulties.

 

Last but not least, Long-term Vision: Take a long-term view when approaching charity. Change that is sustainable requires persistence, patience, and time. Evaluate the results of your contributions on a regular basis, and modify your tactics as necessary.

 

As a philanthropist in India, you can significantly improve the lives of those in need by adhering to these guidelines and remaining committed to your chosen cause.

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