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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- Read the Entire Article
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A customized collection of grant news from foundations and the federal government from around the Web.
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Social Entrepreneurship
Spotlight
Boost for Prison Entrepreneurship Program Extending its Reach in the Northwest UK
Entrepreneurs Unlocked, a Bolton-based social enterprise, has received National Lottery funding to expand its mentoring program to 200 prison inmates in the Northwest.
