LENKA SETKOVA

COUTTS

City
London
Category
Philanthropy Advisers
Company Size
UK

In recent years, Coutts has seen a boom in major philanthropy on the part of individuals, corporations and foundations, says executive director Lenka Setkova. The Coutts Million Pound Donors Report showed that over the past decade donations of £1 million or more reached a total of £15 billion, and since the report began the total number of donations of £1 million or more increased by 64 per cent. ‘Clients that engage with the Coutts Institute recognise that wealth can bring both challenges and opportunities, and are keen to ensure a positive lasting footprint on society, for their family, or their business,’ explains Setkova, who joined Coutts in 2011. She advises clients and their families on effective strategies for philanthropy, wealth succession, and family business succession.‘The importance of civil society and charitable activity were instilled in me from a young age,’ she says. ‘Throughout my career I have had the opportunity to see the power philanthropic resources can have in enabling social or environmental change.’ With an impressive background in philanthropy and international development, Setkova started her career at the Foreign and Commonwealth Office, based at the British Embassy in Prague, after which she joined the Mott Foundation, a private American family foundation, where she spearheaded a grants portfolio to strengthen civil society in Romania and Bulgaria. She later worked with New Philanthropy Capital, and prior to joining Coutts was Director of the Democracy and Civil Society Programme at the Carnegie UK Trust, where she led an ambitious and high profile Inquiry into the Future of Civil Society in the UK and Ireland. A major trend affecting the industry at the moment is the anticipation that this generation (born between 1982 and 1998) are set to benefit from one of the largest inter-generational transfers of wealth in history. ‘Many families sweep the subject of wealth under the carpet, but as outlined in our report Breaking the Wealth Taboo, communication and preparing the next generation for the responsibilities and opportunities wealth brings is key to making succession a success.’

Lenka Setkova
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