India, May 25 -- Increasing the flow of private contributions to create an alternate source of resources for social action organisations has become inevitable, not only because of an ever-growing demand for resources from the non-profit sector which cannot all be met by government, but also because political pressures on non-profit organisations are growing.

Fortunately, the scenario for tapping private charity has never been better. The dynamism shown by an economy growing at an average of 6.5% p.a. in recent years has meant more wealth creation in the system. According to the Knight Frank Wealth Report 2026, global wealth is booming, with 89 new ultra-high-net-worth individuals (UHNWIs, over $30m net worth) added daily, rising to 713,6...