India’s top philanthropists are increasingly moving beyond corporate social responsibility (CSR) frameworks to channel personal wealth into social causes.

According to the EdelGive Hurun India Philanthropy List 2025 , several of the country’s largest donors represent second-generation wealth creators and first-generation entrepreneurs who are giving through their own foundations and family trusts rather than corporate entities.

Unspent CSR remains unresolved

While overall philanthropy levels have yet to return to their 2021-22 peak, a rising pool of unspent CSR funds among BSE 200 companies continues to be a concern. Since FY15, FY21 remains the only year in which excess CSR spending overtook unspent allocations. That trend has since reversed, with unspent CSR steadily climbing to ₹1,

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