The world’s biggest philanthropists are still making millions of dollars from their work in the fields of education, health care, and finance, according to a new report from the charity watchdog Charity Navigator.
As the number of Americans with the ability to contribute to charities continues to grow, however, the most charitable donors are taking the time to understand what the charities they donate to actually do and why, Charity Navigators said.
“We have a long way to go,” said Sarah McCallum, vice president of research at Charity Navigators, which has been tracking the impact of charitable donations for nearly a decade.
Charity Navigate also released a new list of the 10 most charitable organizations worldwide in 2015, which ranked them by the number and percentage of their donors donating to their programs. “
As the world continues to experience a crisis of income inequality and a crisis in healthcare access, the charities that are most vulnerable are the ones that are the least able to adapt to the changes,” McCallus said.
Charity Navigate also released a new list of the 10 most charitable organizations worldwide in 2015, which ranked them by the number and percentage of their donors donating to their programs.
The list included organizations that have donated to more than one million charities.
The top 10 charities were led by the Gates Foundation, with an average donation of $7,937 per person, followed by the World Wildlife Fund at $5,639 per person and the Rockefeller Brothers Fund at more than $3,600 per person.
The second-most charitable organization was the United Nations, which raised $1.1 trillion.
The fourth-most, the Bill & Melinda Gates Foundation with $1,096 billion, was followed by The Bill and Melinda Foundation with just under $600 million.
The number of people in the world with the capacity to contribute is expected to rise to 727.4 billion by 2020, according Charity Navigs projections, up from 619.2 billion in 2019.
But in order to keep pace, charities need to adapt.
“Charities are going to have to be more effective at supporting their programs,” McCandum said.
The charity watchdog said it was “very optimistic” that the number one charitable organization in the United States will increase in the coming years.
But it said it would not be surprised if the number falls in the next few years.
For example, the number will drop from $1 trillion to $940 billion by 2023, the watchdog said.
In a statement, the Gates foundation said it will continue to work to increase the number to a “healthy level” by 2025.
“Our goal is to be able to donate a billion dollars to the United Nation in 2025, while making sure we keep on cutting our losses,” the foundation said.