Building the Future - ADVISING LATIN AMERICAN PHILANTHROPY FROM MIAMI

This reflects the international nature of the client base in the city, and reaffirms their generosity towards charities in other countries and desire for direct impact on the ground. [...] The motivations for this giving range from donating to organizations in the communities they come from, to supporting larger nonprofits providing support for key issue areas, to giving to the private foundations of their friends and families. [...] Seeing an opportunity for change, The Institute for and other).”6 Such developments show the need for the Development of Social Investment (IDIS), CAF’s partner improvement within the regulatory space and demonstrates in Brazil, decided to advocate for a more enabling legal how nonprofits are leading the charge towards a more environment for family philanthropy. [...] In 2018, a devastating fire at the Brazilian National Museum Looking to the future, there is work to be done to create acted as the tipping point and served as further proof of the such an environment. [...] “For Latin American philanthropy Especially within high-net worth Latin American to evolve, we need a group of families, the lack of established charitable vehicles coupled with the absence of tax incentives for people to declare themselves charitable giving means that impact investing has philanthropists, and to model emerged as the next logical stage of many Latin the way for others to follow.