Giving to international causes is growing faster than any other area of interest for donors, a new study says.
Giving to international affairs grew 6.2 percent in 2009, compared to 2009, for example, says Moving Beyond Boundaries, a report by Global Impact that compiles data from other studies.
The report also says giving to international causes has grown at an average annual rate of 10.4 percent since 1987, that 22 percent of U.S. households make donations to international charities, and that 37 percent of major U.S. companies plan to increase their funding focus on international issues and causes.
A survey of 41 companies by the Committee Encouraging Corporate Philanthropy found that aggregate international giving grew to $2.72 million in 2009 from $2.37 million in 2008 despite the economic downturn, says the report by Global Impact.
And the share of corporate giving targeted to international causes more than doubled to 3 percent in 2009 from 1.4 percent in 2008.
“The Foundation Center suggests that corporations view charitable giving as a strategic opportunity to improve the quality of life in the regions in which they operate,” the report says, “because cleaner, safer, better-educated communities benefit business,” the report says.
Renée S. Acosta, president and CEO of Global Impact, says that, despite challenges they face in the U.S., “individuals and corporations are stretching themselves to improve the lives of others and, most impressively, help those they may never meet.”