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Publication Spotlight:<br />

The Index of Global Philanthropy<br />

The core product of <strong>Hudson</strong>’s Center<br />

for Global Prosperity, under the direction<br />

of Senior Fellow Carol Adelman,<br />

is the annual Index of Global Philan -<br />

thropy, which details the sources and<br />

magnitude of private giving to the<br />

developing world. The Index reframes<br />

the discussion about the roles of the<br />

public and private sectors in foreign<br />

aid by showing that the full scale of a<br />

country’s generosity includes assistance<br />

from the private sector. The<br />

Index demonstrates that the most<br />

effective philanthropic bridge between<br />

industrialized countries and developing<br />

nations is built on private philanthropy,<br />

volunteerism, and public-private<br />

partnerships, not exclusively on<br />

foreign aid.<br />

The 2007 Index, released in May,<br />

is the first to compare all developed<br />

countries’ aid—government as well as<br />

private—to the developing world. This<br />

more accurate measure of countries’<br />

gen erosity keeps the U.S. at the top of<br />

all donor nations in absolute amounts<br />

and places it in the top third as a percentage<br />

of gross national income (GNI).<br />

The new Index reveals that U.S. private<br />

giving in 2005 (the latest available<br />

data), in the form of money, volunteer<br />

time, goods, and expertise to the developing<br />

world, was at least $95 billion.<br />

That is three and a half times the<br />

amount of U.S. government foreign aid.<br />

The 2007 Index received media coverage<br />

from C-SPAN, the Wall Street<br />

Journal, the Financial Times, the New<br />

York Sun, the Nation al Post (Canada),<br />

the Chronicle of Philanth ropy, and<br />

many other news outlets. For more in -<br />

for mation about the Index, or to purchase<br />

a copy, please visit the Center’s<br />

website at<br />

www.global-prosperity.org<br />

Muhammed Yunus, founder<br />

of Grameen Bank and 2006<br />

Nobel Prize winner, with<br />

Carol Adelman at a conference<br />

in Lisbon, Portugal, in<br />

March 2007<br />

FALL 2007 / HUDSON INSTITUTE 17

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