India, July 22 -- The pivotal role played by Indian families as stewards of private philanthropy in the country is not only growing in scale but evolving in strategic intent and structure.

Buoyed by rapid wealth creation, philanthropic capital is seeing an increasing number of now-gen or first-generation wealth creators, Inter-gen givers (or current generation of traditional family philanthropists), women givers and working professionals come on board, which has broadened the scope of giving beyond legacy causes. This influx, along with the institutionalisation of domestic private wealth through family offices, is bringing greater structure and intentionality to philanthropy. Moreover, philanthropic families are strengthening the ecosyst...