BNP Paribas Launches Donor-Advised Fund Platform in Asia
The wealth management arm of BNP Paribas has strengthened its philanthropic capabilities with the launch of a new donor-advised fund platform in Asia.
BNP Paribas Wealth Management has launched a donor-advised fund (DAF) platform in Asia called «BNP Paribas Bridge Foundation», according to a statement. The platform aims to support Asian entrepreneurs, high net worth individuals and family offices seeking a «disciplined, well-governed approach to philanthropy».
The foundation, which operates within Singapore’s financial and legal system, is overseen by a governance board made of both internal and external professionals with experience across philanthropy, impact investing and the Asian charitable sector.
A DAF is a vehicle specifically designed for charitable giving, with benefits including tax advantages and retention of advisory privileges.
«Philanthropy is becoming an integral part of the entrepreneurial journey in Asia, where wealth is no longer about accumulation, but about leaving a lasting legacy. Bridge Foundation is designed to support this vision, providing a secure and efficient platform for philanthropic giving that upholds the highest standards of governance and compliance,» commented Arnaud Tellier, BNP Paribas Wealth Management’s APAC CEO.
