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Trust And Foundations Market Trends That Will Shape the Next Decade: Insights from Corporate Social Responsibility (CSR) Initiatives And Individual Donations Are Supporting Help Age India's Mission For Senior Citizens
trust and foundations
How Large Will the Trust And Foundations Market Size By 2025?
The size of the trust and foundations market has experienced considerable growth in the past few years. The market is predicted to expand from $173.88 billion in 2024 to $184.49 billion in 2025 with a Compound Annual Growth Rate (CAGR) of 6.1%. A number of factors have contributed to this growth during the historic period including an aging population, the popularity of less invasive eye surgeries, a rise in disposable income, heightened awareness around ophthalmic medical lasers, and an increase in myopia cases.
How Big Is the Trust And Foundations Market Size Expected to Grow by 2029?
In the upcoming years, the market size of trust and foundations is projected to experience robust growth. The market is predicted to expand to a value of $228 billion by 2029, with a compound annual growth rate (CAGR) of 5.4%. This surge during the forecast period can be credited to factors such as ESG and impact investing, digital transformation, collaborative philanthropy, and social entrepreneurship. Noteworthy trends identified for the forecast period encompass a rise in funding for immediate needs, data-driven philanthropy, diversity, equity and inclusion (DEI), and strategic partnerships.
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Which Key Market Drivers Powering Trust And Foundations Market Expansion and Growth?
The trust and foundations market is experiencing growth, spurred on by a surge in philanthropy by individuals towards various charitable organizations. A rising number of people are stepping up to offer support of any kind that could alleviate the hardships of those less fortunate. Data from the National Philanthropic Trust (NPT) shows that about 64% of high-net-worth households contribute to charity. The Giving USA report discloses that Foundations' donations escalated to $105.21 billion in 2022, a 2.5% augmentation relative to 2021. Consequently, the surge in charitable contributions by private individuals, families, and personal foundations is fueling the expansion of the trust and foundation market.
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Which Fast-Growing Trends Are Poised to Disrupt the Trust And Foundations Market?
Monetary contributions are gathered from philanthropic individuals and certain businesses as a component of their Corporate Social Responsibility (CSR) commitments. Help Age India, a non-profit operation in India, uses these funds to assist elderly individuals who lack support. The organization champions their needs - like superior healthcare services, combating elder maltreatment, and numerous other public, state, and cultural endeavors with Central and State governments. For example, Help Age India was responsible for overseeing the most extensive healthcare project throughout India, offering cataract operations to older adults.
What Are the Emerging Segments in the Trust And Foundations Market?
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
Subsegments:
1) By Grantmaking Non-Profit: Educational Grantmaking Organizations, Health-focused Grantmaking Organizations, Environmental Grantmaking Organizations
2) By Public Foundation: Federated Funds, Donor-Advised Funds
3) By Corporate Foundation: Philanthropic Foundations by Companies, Industry-specific Corporate Foundations
4) By Company-sponsored Foundation: Corporate Social Responsibility (CSR) Programs, Employee-driven Foundations
5) By Grantmaking Public Charities: Charitable Trusts, Direct Aid Charities
6) By Independent Foundations: Private Philanthropic Organizations, Endowment-driven Foundations
7) By Community Foundation: Regional Community Development Foundations, Local Impact-driven Foundations
8) By Private Family Foundation: Generational Wealth Philanthropy, Family-driven Endowments
9) By Arts Foundation: Performing Arts-focused Foundations, Visual Arts Philanthropy Organizations
10) By Operating Foundations: Research-focused Foundations, Educational Program-running Foundations
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Who Are the Global Leaders in the Trust And Foundations Market?
Major companies operating in the trust and foundations market include 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
Which are the Top Profitable Regional Markets for the Trust And Foundations Industry?
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
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