5/26/06

Americans are Generous

The Hudson Institute recently released the 2006 Index of Global Philanthropy, the first comprehensive report on international aid by private institutions and individuals in the U.S.

The index shows that millions of Americans give to the world's poor at a rate that is anything but "stingy." Voluntary giving by Americans dwarfs government aid the world over.

The assaults on U.S. generosity [by the U.N.'s Jan Egeland] derive from a view that government assistance is the only aid that matters.

[Consider] the charity from the U.S. private sector. In 2004, the latest year for which many numbers are available, Americans -- through schools, religious institutions, companies, foundations and families -- gave at least $71 billion to the developing world.

This is more than three times what the government gave.

By far the most impressive private giving, and arguably the most efficient, is in the category of individual remittances, which the index puts at $47 billion in 2004.

According to the authors, "The massive amounts of money sent home by immigrants and temporary workers -- involving little or no overhead and filling people's basic needs directly -- is changing the landscape of development and donor agencies."

[The Wall Street Journal]

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