For wealth-creation to reflect in terms of thoughtful giving, the rich need to strengthen intent, and be supported by infrastructure, transparency, peer groups and data. A new network for family philanthropy wants to put the pedal to the metal
Rajan Navani recollects how different generations of his family at the Jetline Group have thought differently about giving back to society.
For his grandfather, it was building a livelihood from scratch after the Partition of 1947, and securing wealth for his immediate and extended family. For his father, it was about helping build up local communities. For him, says Navani—who is the founder of digital entertainment and technology company JetSynthesys—the focus has been to not just give money, but also his time, skills and expertise to social impact initiatives across the country. “And my daughter, the fourth generation in the family, has already started thinking strategically about social problems and their solutions with a global perspective,” says Navani, who says that at least 10 percent of his family’s wealth is directed toward philanthropy every year, mainly towards causes related to skill development and job-creation.