Elsewhere online
September 15, 2014

Wealthy Hispanic-Americans' Giving Targets Native Countries

Latin Americans who have achieved business success in the United States are stepping up their giving, often with a focus on fostering social change in Central and South American countries with little tradition of private philanthropy, writes The New York Times.

Hispanic business people such as Alberto Beeck—a native of Peru who chairs a Mexican education charity and financed a reality show on Colombian television that highlights the work of social entrepreneurs—reflect a changing attitude among wealthy Latin Americans as social ills in the region outstrip strapped governments' resources to address them.

"The big driver is they need to help create a strong civil society in their countries, and they have an ability to make a difference—they have to make a difference,” said Maria Elena Lagomasino, a Cuban-American and chief executive of financial advisory firm WE Family Offices.