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India's ultra-rich are giving away a lot more than they used to, but the country's civil society is struggling to keep up, Bloomberg reports.
According to the Global Philanthropy Report, India's ultra-rich gave away just 1% of their wealth in 2016well below the global average of 3%and are expected to give away less than 1% in the next few years.
India's government spends more on social services than all other investments combined, and most of that money is funneled through non-government organizations.
"Most NGOs, on the other hand, manifest gloom at the loss of international funding, narrow funding preferences of businesses and affluent individuals, crippling job losses, large numbers of nonprofits ceasing operations and constrained civil society space," the Global Philanthropy Report states.
India's government has been cracking down on foreign funding for non-governmental organizations, and the Global Philanthropy Report states support for NGOs focused on human rights, democratic freedoms, policy advocacy, and the like has "all but disappeared."
According to the Global Philanthropy Report, foreign funding under the Foreign Contribution (Regulation) Act, 2010 has held up better than expected, given the number of NGOs whose licenses have been cancelled over the past decade, and the dozens of international donors whose grant-
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
"Nonprofit and the Arts: Dance Theatre of Harlem" is a conversation about nonprofit management, the arts, and the changing landscape.M.S.Smikle Jr, Robert Garland, and Anna Glass will speak.The event...more
Trump Administration Policies Create Challenges for Nonprofits - NonProfit PRO.Center for Effective Philanthropy surveyed 585 nonprofit leaders from February 3 to 21.85% of nonprofit leaders cited...more
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Foundation: San Diego Foundation
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Prospect Capital Corporation and Refuel Agency have joined forces to make a significant philanthropic impact on the veteran community.Refuel is a top media and marketing firm specializing in...more
Prospect Capital and portfolio company Refuel Agency have announced a philanthropic partnership focused on supporting military veterans.Through the John and Daria Barry Foundation's connection with...more
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Foundation: San Francisco Foundation
The Oakland Ballet's groundbreaking production, Angel Island Project, is a breathtaking 90-minute performance that transforms a painful chapter of American history into a moving tribute to resilience...more
Past Economic Theory Joint with Applied Theory Workshops | Kenneth C.C.Kennedy: "The Costly Wisdom of Inattentive Crowds" Sonia Doyle: "A 'Revision-Game' Concept of Stability and Cooperation in...more
Foundation: Charlotte Community Foundation
The Isles Yacht Club donated more than $22,000 to support the Culinary Arts Program at Charlotte Technical College.The donation marks the culmination of a three-year partnership, with the...more
Social Entrepreneurship
Spotlight
New UK Research Body to Drive Progress in Social Investment
The government-backed Social Investment Research Council is newly formed to hatch practical insights into social investment market products, and the investors needed to finance them.
