A course run by Harvard and the University of Zurich, in collaboration with the World Economic Forum, called "Impact Investing for the Next Generation," aims to equip rich young millennials with the skills to make more impact investments that are designed to benefit society as well as turn a profit.
The push comes amid rising pressure on the world's wealthiest citizens to give more back.
They are also taught soft skills, especially how to deal with family politics to convince people to support their ideas, and find peers as well as consultants to help support programs.
Participants had to pass an interview before paying up to $12,000 for a week of classes in the U.S. and Switzerland, not including airfares and board. A more intensive related course costs $58,000.
Graduates are encouraged to evaluate assets in the family business that could be used to deliver assistance to benefit those in need.
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Ganesh Natarajan is the Founder and Chairman of 5FWorld, a new platform for funding and developing start-ups, social enterprises and the skills eco-system in India. In the past two decades, he has built two of India’s high-growth software services companies – Aptech and Zensar – almost from scratch to global success.