Trust And Foundations Market Trends, Surging Demand, Detailed Analysis, And Forecast To 2033

The trust and foundations market size has grown strongly in recent years. It will grow from $166.26 billion in 2023 to $175.37 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. 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 $214.61 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. 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.

Market Overview -
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.

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The Philanthropic Surge For Boosting The Trust And Foundations Market
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.

Competitive Landscape -
Major companies operating in the trust and foundations market include 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

Corporate Social Responsibility (CSR) Initiatives And Individual Donations Are Supporting Help Age India's Mission For Senior Citizens
Funds are collected from generous individuals and also some companies as part of their Corporate Social Responsibility (CSR) activity. Help Age India, an Indian non-profit organization, helps senior citizens who do not have any support with such funds. The organization advocates for their necessities such as quality medical services, action against elder abuse, and many other activities at a public, state, and cultural level with Central and State governments. For instance, Help Age India conducted the largest healthcare program across India. It provided cataract surgeries to the elderly.

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Key Segments -

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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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