Global trusts and foundations market is expected to reach $204.47 billion by 2026 at a CAGR of 7.2%
DUBLIN, March 07, 2022–(BUSINESS WIRE)–The “Global Trusts and Foundations Market Report 2022 by Type, Donor Type, Donation Frequency” report has been added to from ResearchAndMarkets.com offer.
Trust And Foundations Global Market Report 2022 provides strategists, marketers, and senior management with the critical information they need to assess the global trust and foundations market emerging from the COVID-19 lockdown.
The global trusts and foundations market is expected to grow from $142.97 billion in 2021 to $154.92 billion in 2022 at a compound annual growth rate (CAGR) of 8.4%.
The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that resulted in operational challenges.
The market is expected to reach $204.47 billion in 2026 with a CAGR of 7.2%.
The trusts and foundations market includes sales of trust and foundation services by entities (organizations, sole proprietorships, and partnerships) that operate grantmaking foundations or charitable trusts. Only goods and services exchanged between entities or sold to final consumers are included.
The main types of trusts and foundations are non-profit granting agencies, public foundations, corporate foundations, corporate sponsored foundations, public granting charities, independent foundations, community foundations, private family foundations, arts foundations and operating foundations.
A corporate foundation is an organization supported and created by a legal person. The different types of donors include small-scale donors, medium-scale donors, large donors and involve various frequencies of giving such as recurring donors, past donors and new donors.
Asia-Pacific was the largest region in the trusts and foundations market in 2021. North America was the second largest region in the trusts and foundations market. Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
An increase in charity by individuals to multiple foundations stimulates the trust market and the foundation market. People come forward to help others in difficult times by providing any type of assistance that can make life easier for the needy.
According to statistics provided by the National Philanthropic Trust (NPT), approximately 90% of wealthy households make charitable donations. NPT statistics show that Americans gave $449.64 billion to charity in 2019. About 69% of total donations came from individuals and about 17% from foundations. Hence, an increase in charity by individuals, families, and personal foundations helps drive the growth of the trusts and foundations market.
The problem with NGOs acting as a cover for illegal activities is expected to limit the growth of the trusts and foundations market. The involvement of trusts and foundations in illegal activities creates a negative image in society, leading to a loss of trust. For example, in August 2020, it was reported by New Vision that over 200 refugee NGOs were operating illegally in Uganda.
It has been reported that these refugee camps operate without valid permits or valid memorandums of understanding. When the audit was conducted, it was found that only 69 partners were fully authorized to implement request response activities and around 208 were illegal. Therefore, this type of event causes trust issues, which limit the growth of the trusts and foundations market.
The funds are collected from generous individuals but also from certain companies as part of their Corporate Social Responsibility (CSR) activity. Help Age India, an Indian non-profit organization, helps older people who do not receive any support with such funds. The organization advocates for their needs such as quality medical services, actions against elder abuse and many other activities at the public, state and cultural level with central and state governments. For example, Help Age India ran the largest health care program across India. He provided cataract surgeries to the elderly.
There is an increase in NGOs dealing with climate change activism as it is a widespread issue affecting many people and communities. Young people around the world are raising their voices on the issue of environmental change. From Greta’s Fridays for Future movement to the Madrid Climate Change Conference, all focus on shifting attention to climate change.
For example, the United Nations leads its efforts to protect the environment with the help of the United Nations Environment Program (UNEP) and the World Meteorological Organization (WMO). Another organization working towards climate change is the Green Climate Fund which helps by providing financial assistance to projects geared towards environmental protection.
The countries covered in the trusts and foundations market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, Kingdom United and the United States.
Centraide around the world
Global Health Task Force
American Red Cross
St. Jude Children’s Research Hospital
Food for the poor
United States Fund for UNICEF
Mount Sinai Health Systems
Save the Children Federation
Bill and Melinda Gates Foundation
Open Society Foundations
William and Flora Hewlett Foundation
Children’s Investment Fund Foundation
United Nations Foundation
John D and Catherine T Macarthur Foundation
Conrad N. Hilton Foundation
Gordon and Betty Moore Foundation
For more information on this report, visit https://www.researchandmarkets.com/r/wiycb4
See the source version on businesswire.com: https://www.businesswire.com/news/home/20220307005444/en/
Laura Wood, Senior Press Officer
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