In India & International Philanthropy, Major Donors, Observations, Planning, Prospects on 02/19/2014 at 1:30 am
As Billionaires’ Wealth Skyrockets, Their Philanthropy Does Not – Businessweek.
The Chronicle of Philanthropy released its annual “Philanthropy 50” list this week, detailing the gifts of the most generous donors in America. These individuals are “ditching the caution that marked so much of their giving as the economy stalled and are roaring back” with $7.7 billion in contributions, 4 percent more than in 2012, the publication says.
Some $7.7 billion is nothing to scoff at. It’s also possible that the figure would be higher if anonymous donations were included. The Chronicle publishes an excellent data set, however, and a closer look at the numbers suggests there is not quite a “surge” or “boom” in the largest gifts.
In India & International Philanthropy, Major Donors, Planning, Prospects on 01/29/2014 at 11:39 pm
Fidelity gift fund made $2.1 billion in grants for clients – Business – The Boston Globe.
Fidelity Charitable, the donor-advised fund operated by Boston financial house Fidelity Investments, made grants totaling $2.1-billion on behalf of clients last year, up 29 percent from 2012, writes The Boston Globe.
Reckoned the country’s second-biggest charity in The Chronicle of Philanthropy’smost recent Philanthropy 400 list, Fidelity Charitable collected $3.6-billion in gifts in the 2013 fiscal year, much of it in the form of appreciated stocks and mutual funds. It made grants to more than 80,000 organizations, with the number of $1-million-plus payments increasing by 47 percent.
In India & International Philanthropy, Observations, Planning, Prospects on 09/25/2013 at 8:03 pm
Giving in Numbers: 2013 Edition.
Giving in Numbers: 2013, released last week by The Conference Board and the Committee Encouraging Corporate Philanthropy (CECP), found that India and Chinareceived charitable gifts from more US-based companies than any other non-North American country in 2012, with 72 percent of corporations giving to India, and 66 percent to China. However the report also found that in 2012, only two percent of total giving went to India, and four percent to China.
The report, which looks at data from 240 companies, including 60 in the top 100 of the Fortune 500 for the year 2012, shows that total giving increased for 59 percent of companies from 2007 to 2012, with 38 percent of all companies increasing their giving by 25 percent or more. Aggregate corporate giving rose by 42% ($4.48 billion) from 2007 to 2012 in inflation-adjusted dollars. In addition, forty percent of companies also expect their giving to increase from 2012 to 2013.
Giving in Numbers: 2013 looked at trends in corporate international giving and found:
- The majority of companies (71 percent) give internationally. Of these companies, an average of 21 percent of giving flows overseas.
- Manufacturing companies lead international giving, followed by energy companies.
- Business strategies drive international giving, with employee footprint the second most common reason for giving internationally.
In Fundraising, Major Donors, Observations, Prospects on 09/24/2013 at 6:07 pm
Harvard Seeks $6.5 Billion as Gifts Over $50 Million Proliferate – Bloomberg.
The number of so-called mega donations to U.S. colleges is rebounding just as Harvard University begins a $6.5 billion capital campaign, the largest in the history of higher education.
There have been 16 gifts this year of at least $50 million, twice as many as for all of last year as donors gain confidence amid improving economic conditions, according to data compiled by the Chronicle of Higher Education.
Just 1 percent of donors account for 87 percent of the money raised by U.S. universities and colleges in campaigns of $1 billion or more….
In India & International Philanthropy, Major Donors, Observations, Prospects on 09/18/2013 at 3:58 pm
Alleviating Global Poverty Is a Top Concern of Wealthy Donors, Says Study – Donors – The Chronicle of Philanthropy
Of the richest people in the survey—those with $50-million or more in investable assets—40 percent said they focus their philanthropy on global issues.
Among the findings:
• Nearly three-quarters of donors said they seek to influence international and government policy to make it easier to fight poverty.
• Forty-eight percent say there are too many nonprofits with overlapping goals.
• Twenty-nine percent said they direct their donations to international groups, and another 29 percent said they give to both local and international charities.
In Fundraising, India & International Philanthropy, Major Donors, Observations, Prospects on 09/17/2013 at 10:34 am
According to a new report from CECP and the Conference Board, almost six out of ten companies surveyed by the two organizations said they had recommitted to their communities by giving more to charity in 2012 than they did in 2007, before the global recession took hold.
Based on data from two hundred and forty companies, including sixty of the largest one hundred companies in the Fortune 500, Giving in Numbers: 2013 Edition (56 pages, PDF) found that corporate contributions in 2012, both cash and in-kind, totaled $20 billion in 2012; that companies relied more on non-cash giving than in the past; and that their giving was more focused on specific program areas, especially K-12 and higher education, than in the past.
In Major Donors, Observations, Planning, Prospects on 09/05/2013 at 12:29 pm
Gift Hub: 10 Most Generous States.
Summary of Chronicle of Philanthropy article at ThinkAdvisor. Religious folks give more than secular; as a percentage of income, middle class gives more than do the wealthy; and of the wealthy those who live in diverse neighborhoods give more generously than those who live among those of similar wealth.
In Major Donors, Planning, Prospects on 06/20/2013 at 5:08 pm
Minn. philanthropy leaders hope to tap $48 billion transfer of wealth | StarTribune.com.
Not all of the wealth will go to charities, of course. The Millionaires at the Millennium study indicates that donors have a history of making significant gifts to charity through their estate when their wealth is being transferred to the next generation. The Havens-Schervish study shows that donors with high net worth will donate a higher percentage of their estate than will donors with a relatively small estate. The average rate for all donors is 15 percent of their estate. Following Nebraska Community Foundation’s lead, the participating organizations have set a realistic goal of identifying estate or planned gifts equal to five percent of the wealth transferred in each five-year period in each county. This model and goal make several assumptions about the future that may or may not come true. However, when the results were field tested in several counties, professional advisors and bankers agree that the data is realistic and perhaps a bit low. – See more at: http://www.mcf.org/resources/transfer#sthash.zX8SqqgR.dpuf