The job of closing the symposium fell to the ex-president of the European Commission, Luxembourg Honorary Minister of State, Jacques Santer. After congratulating Banque de Luxembourg on its inspiration for the symposium, Santer called for the interest in philanthropy to be shared with civil society. He thanked Jean-Claude Juncker for his opening address that was “more than just formality. It was a speech of substance that opened up perspectives. The world order is faced with all kinds of contradictions,” points out Jacques Santer. “While capitalist globalisation raises concerns, it has also seen the creation of networks of solidarity and a growing desire of individuals and the corporate community to serve causes. Philanthropy is a response to a very current issue."
But what is the scope for the development of philanthropy in Luxembourg? That question was at the heart of the discussions. Jacques Santer notes that other countries that were as timid as Luxembourg some years ago have experienced a philanthropy boom following changes in legislation. How to explain the paradox that Luxembourg is a model in development aid and not in philanthropy? There is no reason that the country should not express the same generosity in this field. "The potential is amazing," says the Minister.
The problem is the obstacles to the development of the sector in Luxembourg. The law, which dates back to the 1920s, has never been subject to a full review. Luxembourg has only a handful of support organisations and the country lacks expertise. But this can change. “It’s time for reform,” declares Jacques Santer. “We need to take the bull by the horns and conduct a full review of the legal and tax framework in the sector.” Action!