The global philanthropy sector is young and growing fast, with 72 percent of foundations established in the past 25 years, the Global Philanthropy Report funded by UBS finds.
However resources are highly concentrated in certain sectors with education the most popular area for investment, and coordination between philanthropic foundations geographically is limited with 60 percent of the over 260,000 identified based in Europe and 35 percent in North America. Despite this, 58 percent of the foundations identified by the report do not collaborate with other foundations.
While the combined assets of the world’s foundations are estimated at close to $1.5 trillion, half have no paid staff and small budgets of under $1 million and 90 percent of identified foundations have assets less than $10 million.
The report also finds that wealthy individuals, families, and corporations are looking to give more strategically, and to increase the impact of their social investments.
As the world is falling well short of raising the $5-7 trillion of annual investment needed to achieve the UN’s Sustainable Development Goals, UBS sees the report findings as a call for philanthropists to work together to have an impact.
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