Global Trust And Foundations Market Size, Drivers, Trends, Opportunities And Strategies – Includes Trust And Foundations Market Report
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An increase in charity by people to several foundations are expected to drive innovation in trust and foundations manufacturing, thus driving the market during the forecast period.
The global trust and foundations market is expected to grow from $153.96 billion in 2022 to $162.14 billion in 2023 at a compound annual growth rate (CAGR) of 5.3%. The global trust and foundations market size is expected to grow to $193.87 billion in 2027 at a CAGR of 4.6%.
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Global Trust And Foundations Market Segments Include:
- 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
- By Type of Donors: Small Scale Donor, Mid Scale Donor, Major Donors
- By Frequency of Donation: Recurring Donors, Lapsed Donors, New Donors
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global trust and foundations market in 2021.
Major Market Players in the trust and foundations market include United Way Worldwide, Feeding America, Task Force for Global Health, Salvation Army, American National Red Cross, St. Jude Children’s Research Hospital.
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.
The Trust And Foundations Global Market Report 2023 provides a trust and foundations market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The trust and foundations market forecast analyzes trust and foundations market size, trust and foundations market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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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