Private philanthropy outstripped corporate largesse by 42% in FY20: Report

It is this increase that has propelled an increase in total private funding by a healthy 23 per cent, touching Rs 64,000 crore in FY20

Individuals flew the flag for philanthropy in FY20, escalating their contribution significantly in comparison with company and foreign fund donations, according to the Dasra/Bain & Co India Philanthropy Report of 2021.

Funding by individual philanthropists went up by 42 per cent from Rs 21,000 crore in FY19 to Rs 30,000 crore in FY20.  The bulk of the increase came from family philanthropists who provided donations of over Rs 5 crore and whose corpus nearly tripled, hitting Rs 12,000 crore in FY20 over the previous year.  

It is this increase which has propelled an increase in total private funding by a healthy 23