The Index of Global Philanthropy 2008

The Index of Global Philanthropy 2008

Private giving continues to outpace official foreign aid to developing nations, a new report from the Hudson Institute's Center for Global Prosperity finds. The report, The Index of Global Philanthropy 2008 (80 pages, PDF), provides a comprehensive guide to the sources and scope of U.S. and international philanthropy to the developing world. Among other things, the report found that private giving by American foundations, corporations, volunteer organizations, colleges and universities, and religious organizations — combined with remittances — amounts to four-and-a-half times the U.S. government's overseas development budget. The report also found that, globally, private giving and investment now account for 75 percent of donor countries' total economic engagement with recipient nations.