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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