Large gap between actual giving and giving potential
The good news: A new survey reveals a significant increase in the amount of private donations and in the number of private donors in Israel.
According to the survey, initiated by Committed to Give (CTG) – an impact group of 18 Israeli private donors, and carried out by the Israeli Central Bureau of Statistics in cooperation with Yad Hanadiv – Israeli philanthropy has taken a quantum leap between 2009 and 2011.
Here are some of the survey findings:
- Total giving of Israelis in cash increased by 21% – from 4.7 to 5.7 to billion NIS
- Share of private giving in Israel is 71% of the cash contribution, compared to 84% in the US.
- Israeli philanthropy comprises 40% of total donations to NGOs.
- 50% of the 16 billion NIS donated to NGOs in 2011 came from Israel.
- 65% of Israeli philanthropy are household donations below 100,000 NIS
- Israeli philanthropy comprised 0.8% of GDP compared to 2% in the US
- Individual giving in Israel adds up to 1.2% of disposable personal income compared to 1.9% in the US.
- The share of Israeli corporations in philanthropy is 27% compared to 6% in the US.
- Main beneficiaries of philanthropy – both in Israel and in the US – are NGOs in the fields of welfare, research and education and religion.
- Israeli welfare NGOs receive 39% of donations compared to 13% in the US. 33% of US donations are channeled to religious NGOs compared to 13% in Israel.
Israeli Philanthropy – Giving and Misgivings
According to a recent Merrill Lynch wealth report more than 10,000 millionaires with available capital of at least one million dollars – live in Israel, yet, based on CTG estimate – only 1,000 families give $25K or more annually.