Philanthropy is much more complex than running a business: Azim Premji

In March, Premji had executed a fresh bequest to his philanthropic chest, taking his total commitment to social impact to $21 billion and placing himself in the league of Bill Gates and George Soros.

BCCL

Giving back to the society requires much more patience and humility than in business, and trust in the common people of the country, he said.

Chennai: Philanthropy is much more complex than running a business, India’s most generous philanthropist Azim Premji said at an event here on Thursday. “I have been particularly involved in philanthropy in the last one year and what I have realised is how more complex doing philanthropic initiatives is than running a business,” said Premji, chairman of Wipro.

“Issues are much more subtle, convictions are much more difficult to drive home and incentives to people are not in money but in recognising and appreciating their work in social service,” Premji said about the nature of philanthropy. Giving back to the society requires much more patience and humility than in business, and trust in the common people of the country, he said.

In March, Premji had executed a fresh bequest to his philanthropic chest, taking his total commitment to social impact to $21 billion and placing himself in the league of Bill Gates and George Soros.

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