International giving on the rise
One of the most notable trends in philanthropy, according to the 2012 Giving USA Study of charitable giving, is that international giving has steadily grown despite a tumultuous economy. For the past two years, 2009-2011, international giving has experienced a 15.2 percent growth, the largest increase across all of the subsectors the Study tracks and reports.
The growth in international giving can be attributed to many things: increasing digital access to global information, a growing number of international giving networks, and a heightened awareness of the interrelationships of global communities.
The Hudson Institute’s 2012 Index of Global Philanthropy and Remittances shows that despite the recession, U.S. giving to developing countries actually increased to $37.5 billion in 2009, outpacing official U.S. government aid by almost $9 million.
[Excerpted from WealthManagement article, by Betsy Brill and Michael Donovan]
This entry was posted in Grantmaking, Humanitarian Aid, International Cooperation, Philanthropy by Grant Montgomery.