ON-Lion Letter
Global giving is transforming aid to developing countries through higher amounts than ever before and how it is being delivered, according to the third annual Index of Global Philanthropy, published by The Center for Global Prosperity (CGP) at the Hudson Institute in Washington, D.C.

Private giving and investment from all donors to developing countries now account for more than 75% of developed countries' entire economic dealings with the developing world, according to data in CGP's new Index of Global Philanthropy 2008.  In the U.S., for 2006, private philanthropy and remittances that migrants send back to families in their hometowns constitute four and one-half times official American aid abroad -- up from three and one-half times in 2005.

In '06, the U.S. gave $34.8 billion in private philanthropy and $71.5 billion in remittances, compared to $23.5 billion in official development assistance.

From a survey conducted by CGP and the University of Notre Dame's Center for the Study of Religion and Society, combined with other data, this year's Index also reports that U.S. religious giving to the developing world was a stunning $8.8 billion in 2006.

The Lynde and Harry Bradley Foundation in Milwaukee supports Hudson's CGP.
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