Philanthropy to the Developing World Outpaces Government Aid

Title: 2016 Index of Global Philanthropy and Remittances

Organization: Center for Global Prosperity at the Hudson Institute

Summary: U.S. private giving to developing countries totaled $43.9 billion in 2014, far outstripping the $33.1 billion the U.S. government spent, according to the report.

Among the findings:

• The largest source of nongovernment giving to developing countries was from private and voluntary organizations, at $15.4 billion, followed by corporations, $11.3 billion; religious organizations, $6 billion; and foundations, $4.7 billion.

• American volunteers provided 1.4 million hours of assistance valued at $4.3 billion.

• Financial laws set up to impede terrorism funding have become a major barrier to international philanthropy, along with regulations affecting international currency trading and efforts by some countries to restrict the flow of funds to human-rights groups.