As the United Nations faces tightened budgets and struggles to meet its Sustainable Development Goals, Asia’s family offices and corporations are emerging as vital financiers. With accelerating economic growth and expanding wealth, Asian stakeholders may become the linchpin for bridging the funding gap left by a cash-strapped UN.

At a time when fewer Americans are donating to charitable organizations, Cox Charities has increased its Arizona nonprofit grants to a minimum of $10,000 each. The move underscores the company’s commitment to local communities as it responds to shifting trends in philanthropy.