Overview and Scope
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.
Sizing and Forecast
The trust and foundations market size has grown strongly in recent years. It will grow from <b>$166.26 billion in 2023 to $175.37 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. </b> The growth in the historic period can be attributed to wealth transfer, tax benefits, social impact, asset growth.
The trust and foundations market size is expected to see strong growth in the next few years. It will grow to <b>$214.61 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. </b> The growth in the forecast period can be attributed to esg and impact investing, digital transformation, collaborative philanthropy, social entrepreneurship. Major trends in the forecast period include increased funding for urgent needs, data-driven philanthropy, diversity, equity, and inclusion (dei), strategic collaborations.
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Segmentation & Regional Insights
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
<b>Asia-Pacific</b> was the largest region in the trust and foundations market in 2023. <b>North America</b> 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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Major Driver Impacting Market Growth
An increase in charity by people to several foundations is driving the market of trust and foundations market. People are coming forward to help others in difficult times by providing any kind of assistance that can ease the life of the needy. According to the statistics provided by the National Philanthropic Trust (NPT), approximately 64% of high-net-worth households give to charity. The Giving USA report shows that Foundation increased $105.21 billion to charity in 2022, which was a 2.5% increase compared 2021. Therefore, an increase in charity by individuals, families, and personal foundations helps in driving the trust and foundation market growth.
Key Industry Players
Major companies operating in the trust and foundations market include <b>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</b>
The trust and foundations market report table of contents includes:
1. Executive Summary
2. Trust And Foundations Market Characteristics
3. Trust And Foundations Market Trends And Strategies
4. Trust And Foundations Market – Macro Economic Scenario
5. Global Trust And Foundations Market Size and Growth
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26. South America Trust And Foundations Market
27. Brazil Trust And Foundations Market
28. Middle East Trust And Foundations Market
29. Africa Trust And Foundations Market
30. Trust And Foundations Market Competitive Landscape And Company Profiles
Top Major Players:
- United Way Worldwide
- Feeding America
- Task Force for Global Health
- Salvation Army
- American Red Cros
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