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Philanthropy Pie Boosted Mainly by Individual, Family Contributions in FY 20: Report While increasing marginally, the share of philanthropic contribution by domestic companies and foreign sources decreased in the overall pie in FY 20 in comparison to FY 19. Representative image. Photo: Perry Grone/Unsplash, (CC BY-SA) Business16/Mar/2021 New Delhi: The share of philanthropic contribution by domestic companies declined from 29% in FY’19 to 28% in FY’20 in the overall pie, according to the 11th edition of the India Philanthropy Report 2021. The share of foreign funding, which has seen an increased scrutiny by the central government, has also declined from 31% in FY’19 to 25% in FY’20. ....
Family philanthropy has proven resilient throughout the pandemic and grew to nearly Rs 12,000 crore in fiscal year 2020, accounting for almost two-thirds of the rise in private sector funding since FY19, says a report. According to the India Philanthropy Report 2021, co-created by Bain and Company and Dasra, funding from family philanthropy has tripled its corpus, growing to nearly Rs 12,000 crore in FY 2020. As per the report, in FY 2020, private-sector funding which stems from four sources including foreign, corporate, retail, and high-net-worth individuals (HNIs) or families totalled about Rs 64,000 crore and 20 per cent of this came from family philanthropy. While foreign contributions account for a quarter of all funding, domestic corporation donations also known as Corporate Social Responsibility (CSR) account for 28 per cent and retail investors account for another 28 per cent. ....
India s wealthy families donate Rs 12,000 crore in FY20 Education and health-focused funding accounted for the bulk of the share of family philanthropy funding at 47 per cent and 27 per cent, respectively. Wealth is also concentrated in a few cities - most wealthy families are based in Mumbai, Delhi, and Bangalore who channel their funding there Joe C Mathew | March 15, 2021 | Updated 12:01 IST India s wealthy tripled its family philanthropy corpus India s private-sector funding to philanthropy rose 23 per cent in FY 2020, to Rs 64,000 crore, as compared to FY 2019. The increase in fund allocation was driven by family philanthropy which tripled its corpus, growing to approximately Rs 12,000 crore in fiscal year (FY) 2020, says India Philanthropy Report 2021, co-created by Bain & Company and Dasra. ....
Funding from family philanthropy triples to ₹12,000 cr in FY 20: report thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.