A philanthropic focus - FinanceAsia.com: "A philanthropic focus
By Terry Alan Farris 16 December 2004
Head of Philanthropy Services, MeesPierson explains the secret behind organized philanthropy.
Many of us have heard of the proverb, 'From rags to riches and back again in three generations.' In fact, this Chinese proverb is used in almost every single country and language of the world. As a test, I presented this proverb to high net worth individuals in Hong Kong, Singapore and Jakarta to see if they were familiar with it. All of them knew the saying all too well. So the next question arose: can this proverb be broken?"
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