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India Philanthropy Report 2017 – The Individual Philanthropist’s Path to Full Potential
The focus of this year’s report is the growing importance of the individual philanthropist in the overall landscape of funding for the development sector. It goes beyond analysing how much philanthropists are giving and instead focuses on the evolving approaches that givers are adopting to maximise their philanthropic impact. Over the years, the Indian philanthropy market has matured. Funds contributed by individual philanthropists have been steadily rising, growing faster than funds from foreign sources and funds contributed through corporate social responsibility (CSR). Philanthropists are also becoming more sophisticated in how they view giving and are proactively adopting new strategies to move the needle towards high-impact results. Despite these great improvements, the latent potential of a nation of more than a billion people continues to be stymied by developmental barriers. India’s development goals are immense, and the challenges that lie ahead can only be overcome with the efforts of every stakeholder in the ecosystem. The role of the individual philanthropist in overcoming these goals is critical.