Private giving to developing nations not expected to drop significantly

Despite a global recession, charitable giving to developing nations by individuals, foundations, corporations and other organizations is not expected to decline significantly in 2009, a new report from the Hudson Institute’s Center for Global Prosperity and discussed in Philanthropy News Digest finds.

According to the fourth annual Index of Global Philanthropy and Remittances, private giving from developed to developing countries increased to $49 billion in 2007—nearly $37 billion of which came from the United States. For the first time, the report provides private-giving data by region and type of activity showing that Africa receives the largest share of gifts from corporations and charities, while for Latin America the bulk of giving comes from religious congregations.

The report also found that global philanthropy is on the rise in both developed and developing countries and may be leading to something of a transformation of the decades-old government aid model.


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