Global Trust And Foundations Market Top Major Players 2024, Forecast To 2033
22 Jan, 2024
The trust and foundations market has demonstrated strong growth, rising from $166.26 billion in 2023 to $175.37 billion in 2024, marking a 5.5% CAGR. Historical drivers include wealth transfer, tax benefits, social impact, and asset growth. Forecasts suggest strong growth to $214.61 billion in 2028, with a 5.2% CAGR. Growth is attributed to ESG and impact investing, digital transformation, collaborative philanthropy, and social entrepreneurship. Key trends include increased funding for urgent needs, data-driven philanthropy, diversity, equity, and inclusion (DEI), and strategic collaborations.
Global Trust And Foundations Market Key Driver
Increased charitable giving is driving the trust and foundations market. Individuals and families are actively contributing to various foundations to assist those in need. Statistics from the National Philanthropic Trust reveal that approximately 64% of high-net-worth households engage in charitable giving. The Giving USA report indicates a 2.5% increase in foundation contributions to charity in 2022, reaching $105.21 billion. The uptick in charitable activities fuels the growth of the trust and foundations market.
Get A Free Sample Of The Global Trust And Foundations Market ReportGlobal Trust And Foundations Market Segments
The trust and foundations market covered in this report is segmented –
1) By Type: Grantmaking non-profit, Public Foundation, Corporate Foundation, Company-sponsored Foundation, Grantmaking Public Charities, Independent Foundations, Community Foundation, Private Family Foundation, Arts Foundation, Operating Foundations
2) By Type of Donors: Small Scale Donor, Mid Scale Donor, Major Donors
3) By Frequency of Donation: Recurring Donors, Lapsed Donors, New Donors
By Geography: The regions covered in the trust and foundations market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Asia-Pacific was the largest region in the trust and foundations market in 2023. North America was the second-largest region in the trust and foundations market. The regions covered in the trust and foundations market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Trust And Foundations Industry Players
United Way Worldwide, Feeding America, Task Force for Global Health, Salvation Army, American Red Cross, St. Jude Children's Research Hospital, Americares Foundation, Food For The Poor Inc., United States Fund for UNICEF, MAP International, Mount Sinai Health Systems, Save the Children Federation Inc., Mayo Clinic, Bill and Melinda Gates Foundation, Open Society Foundations, Ford Foundation, William and Flora Hewlett Foundation, Children’s Investment Fund Foundation, United Nations Foundation, John D and Catherine T Macarthur Foundation, Conrad N. Hilton Foundation, Rockefeller Foundation, Gordon and Betty Moore Foundation, Novo Nordisk Foundation, Wellcome Trust, Silicon Valley Community Foundation, Garfield Weston Foundation, Church Commissioners for England, Andrew W. Mellon Foundation, David and Lucile Packard Foundation, Wallace Foundation, Kresge Foundation, Robert Wood Johnson Foundation, Annie E. Casey Foundation, Carnegie Corporation of New York, Charles Stewart Mott Foundation, Doris Duke Charitable Foundation, Getty Foundation, James Irvine Foundation, Joyce Foundation, McKnight Foundation, Nathan Cummings Foundation
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Trust And Foundations Market Overview
The trust refers to an establishment where the donor transfers the legal title of assets to the trustee for its use in the welfare of society. Foundations refer to the tax-exempted establishments formed for specific general welfare purposes by the owner of the property and managed by a person or persons called directors or founders.
Trust And Foundations Global Market Report 2023 provides data on the global trust and foundations market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The trust and foundations market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.