Trust And Foundations Global Market Report 2024

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 observed during the historical period can be attributed to several key factors, including wealth transfer, the realization of tax benefits, the social impact achieved through these entities, and the overall growth of assets managed by trusts and foundations.

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 anticipated growth in the forecast period can be attributed to various factors, including the increasing focus on ESG (Environmental, Social, and Governance) and impact investing, the ongoing process of digital transformation, the rise of collaborative philanthropy, and the growing prominence of social entrepreneurship. Significant trends expected in the forecast period encompass greater funding for pressing social issues, the adoption of data-driven approaches in philanthropy, a heightened emphasis on diversity, equity, and inclusion (DEI), and the fostering of strategic collaborations within the sector.

The trust and foundations market is experiencing growth due to an increase in charitable contributions from individuals to various foundations. People are stepping forward to assist those in need during challenging times, providing various forms of support. According to statistics from the National Philanthropic Trust (NPT), around 64% of high-net-worth households make charitable donations. The Giving USA report further reveals that foundations contributed $105.21 billion to charity in 2022, marking a 2.5% increase compared to 2021. Consequently, the upsurge in charitable acts by individuals, families, and personal foundations is a driving force behind the growth of the trust and foundations market.

The primary categories of trusts and foundations encompass grant-making non-profit organizations, public foundations, corporate foundations, company-sponsored foundations, grant-making public charities, independent foundations, community foundations, private family foundations, art foundations, and operating foundations. Corporate foundations are entities created and supported by corporations. Donors come in various forms, including small-scale donors, mid-scale donors, and major donors. These donors may contribute at different frequencies, such as recurring donors, lapsed donors, and new donors.

The trust and foundations market research report is one of a series of new reports that provides trust and foundations market statistics, including trust and foundations industry global market size, regional shares, competitors with a trust and foundations market share, detailed trust and foundations market segments, market trends and opportunities, and any further data you may need to thrive in the trust and foundations industry. This trust and foundations market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The growing focus on corporate social responsibility (CSR) is expected to drive the expansion of the trust and foundations market. Many companies are actively participating in corporate philanthropy as part of their CSR initiatives. By supporting trust and foundations, these companies aim to give back to society and build a positive brand image. In 2022, corporate giving, as reported by the National Philanthropic Trust (NPT), increased to $21.08 billion, reflecting a 3.4% increase from the previous year. This emphasis on CSR is projected to fuel the growth of the trust and foundations market.

One limiting factor for the trust and foundations market is the issue of non-governmental organizations (NGOs) being involved in illegal activities, potentially damaging their reputation. When trust and foundations are linked to illicit actions, it erodes public trust and confidence. For example, in August 2022, a report by New Vision highlighted that over 200 refugee NGOs were operating illegally in Uganda. These organizations were operating without valid permits and memoranda of understanding (MOUs). Upon verification, only 69 partners were fully authorized to implement requested response activities, while around 208 were operating unlawfully. Such events contribute to trust issues that hinder the growth of the trust and foundations industry.

Funds are sourced from generous individuals and, in some cases, from companies as part of their Corporate Social Responsibility (CSR) activities. These funds are directed to organizations like Help Age India, a non-profit focused on assisting senior citizens who lack support. The organization advocates for their needs, including access to quality medical services and action against elder abuse, at both public and governmental levels. For example, Help Age India executed one of the largest healthcare programs across India, providing cataract surgeries to elderly individuals.

The rise of NGOs dedicated to climate change activism is notable, as climate change has become a widespread concern affecting numerous people and communities. Young activists worldwide have prominently raised their voices on environmental issues, as seen in movements like Greta Thunberg's 'Fridays for Future' and the Madrid Climate Change Conference. The United Nations addresses environmental protection through agencies like the UN Environment Programme (UNEP) and the World Meteorological Organization (WMO). Furthermore, organizations like the Green Climate Fund provide financial support to projects aimed at environmental conservation.

Major companies in the trust and foundations market are investing in trusts and launching new trust initiatives. Company investments in trusts serve as versatile and powerful tools for wealth and asset management, as well as various aspects of financial planning. The specific use of trusts depends on a company's objectives, needs, and circumstances, often necessitating consultation with financial and legal professionals when establishing or utilizing trusts. For instance, in December 2021, Citywire, a UK-based financial publishing and information group, reported a significant increase in the number of trust launches, with 16 new trusts introduced in 2021.

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

Asia-Pacific was the largest region in the trust and foundations market in 2023. North America was the second-largest region in the trust and foundations market. The regions covered in the trust and foundations market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the trust and foundations market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada

The trust and foundations market consists of revenues earned by entities that operate grant-making foundations or charitable trusts. The trust and foundations market includes establishments such as community foundations, philanthropic trusts, corporate foundations, and scholarship trusts. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.