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Stepping Up: Strategic Ultra-High-Net-Worth Philanthropy in Practice
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Hilary McConnaughey Page
Director, Milken Institute Strategic Philanthropy
Hilary McConnaughey Page is a director at Milken Institute Strategic Philanthropy. She has spent more than a decade of her career in philanthropy, counseling institutional foundations, corporations, and high-net-worth individuals on their social impact endeavors.
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Melissa Stevens
Executive Vice President, Milken Institute Strategic Philanthropy
Melissa Stevens is the executive vice president of Milken Institute Strategic Philanthropy, leading its work with individual and family philanthropists and foundations seeking to make a transformative, sustainable impact. Since co-founding Milken Institute Strategic Philanthropy in 2015, she has overseen the creation and execution of philanthropic strategies that have influenced more than $3 billion in capital and built an unmatched network for donors to collaborate and amplify their impact.
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In 2020, the Milken Institute Center for Strategic Philanthropy (CSP) published 'Stepping Off the Sidelines: The Unrealized Potential of Ultra-High-Net-Worth Philanthropy'. This landscape report provided a holistic view of the giving trends and approaches of high-capacity philanthropists. We analyzed a number of best practices and offered recommendations on how donors can adopt them into their own philanthropy.
The world today looks very different from a few years ago, and philanthropic capital is more important than ever. Despite initial giving spikes at the onset of COVID-19, charitable giving levels for individuals have not meaningfully increased in a sustained way. What’s more, the world’s wealthiest have expanded their personal fortunes, and the total number of ultra-high-net-worth individuals (UHNWI) has increased. Unlocking the potential of UHNW philanthropy remains a critical need for the social sector.
This companion resource spotlights the strategic approaches of high-impact philanthropists. We hope it helps equip emerging philanthropists further with the knowledge and tools necessary to channel their resources for good.
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