The trust and foundations market consists of sales of trust and foundations services by entities (organizations, sole traders and partnerships) that operate grant-making foundations or charitable trusts. Only goods and services traded between entities or sold to end consumers are included
The global trusts and foundations market is expected to grow from $161.9 billion in 2019 to $163.1 billion in 2020 at a compound annual growth rate (CAGR) of 0.73%. The slow growth rate is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities resulting in operational challenges. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $197 billion in 2023 at a CAGR of 6.5%.