1、Citi is one of the worlds largest financial institutions,operating in all major established and emerging markets.Across these world markets,our employees conduct an ongoing multi-disciplinary conversation accessing information,analyzing data,developing insights,and formulating advice.As our premier

2、thought leadership product,Citi GPS is designed to help our readers navigate the global economys most demanding challenges and to anticipate future themes and trends in a fast-changing and interconnected world.Citi GPS accesses the best elements of our global conversation and harvests the thought le

3、adership of a wide range of senior professionals across our firm.This is not a research report and does not constitute advice on investments or a solicitations to buy or sell any financial instruments.For more information on Citi GPS,please visit our website at GPS:Global Perspectives&SolutionsOctob

4、er 2024Global GivingGenerosity and the Economics of Philanthropy Citi GPS:Citi GPS:Global Perspectives&Solutions October 2024 Karen Kardos Global Head of Philanthropic Advisory Citi Private Bank Andrew Pitt Head of Global Insights Citi Amy Thompson Social Economist Citi Contributors Emily Tow Presid

5、ent of The Tow Foundation With thanks to:Liz Long,Andreas Theodoulou,Meghan Lowney,Kindred Motes October 2024 Citi GPS:Citi GPS:Global Perspectives&Solutions 2024 Citigroup 3 GLOBAL GIVING Generosity and the Economics of Philanthropy The value of individual philanthropy to the global economy is diff

6、icult to measure and therefore potentially underestimated.But its impact is undeniable.In this report,we focus on aspects of individual giving that we can measure time and money and estimate that global individual giving reaches$1.3 trillion every year.Individuals in the U.S.give the most in absolut