Wealth-X Adds UHNW Foundations Database Totaling $189 Billion of Assets

NEW YORK, Feb. 3, 2011 /PRNewswire/ -- Wealth-X, the leading business development tool for private wealth managers and fundraisers, announced the addition of nearly 3,000 ultra high net worth individuals whose private philanthropic foundation has greater than $25 million in assets under management. This latest expansion of Wealth-X's database gives wealth and fundraising professionals extraordinary insight into these individuals including their biographies, wealth, motivations, passions, and relationships, in addition to the tens of thousands of global UHNW profiles already available.

The private philanthropic foundations of these approximately 3,000 UHNW individuals represent 920 legal entities, a median average of $50 million per organization, and a total of $189 billion in assets under management.

The top four giving categories of these UHNW-driven foundations are:

1. Education
2. Social Services
3. Health
4. Environment

"The start of 2011 has brought a welcome resurgence among active philanthropists, who are both seeking effective managers and suitable organizations to meet their giving objectives," says Wealth-X Executive Vice President of Strategy, David Friedman. "We are excited to announce this latest addition to our business development tool, equipping wealth managers and strategic fundraisers with intelligence to help them become even more successful."

Wealth-X created this definitive list of active UHNW philanthropists by analyzing public records, tax documents, and media reports.

ABOUT WEALTH-X

Wealth-X is the global leader in helping private wealth managers increase assets under management. The firm's member-only business development tool is the standard for advisors and bankers working with ultra-high-net-worth clients. Wealth-X provides its members with qualified prospects, intelligence, and news on UHNW individuals, along with the companies they control. Wealth-X's research organization is the authority on discovering and analyzing information about UHNW individuals, including their wealth, earnings, biographies, passions, philanthropies, affiliations, advisors, and families. For more information, visit www.wealth-x.net.

SOURCE Wealth-X