Fourth Annual Index of Global Philanthropy and Remittances Shows Private Philanthropy, Remittances Provide Lifeline to Developing Countries During Recession

The new Index, officially launching on April 27, shows Americans continued their generosity in 2007. Dr. Carol Adelman, Director of CGP, is presenting the findings at the Council on Foreign Relations in Washington, DC.U.S. private philanthropy, larger than ever, totaled $36.9 billion, over one and one-half times larger than official aid for this same period. When remittances are added to private philanthropy, the combined total—$115.9 billion—is more than five times official aid of $21.8 billion.