![TE-philanthropy.jpg TE-philanthropy.jpg](https://eu-images.contentstack.com/v3/assets/bltabaa95ef14172c61/bltf876b82b0c128897/6734bba225f2e35436f8c515/TE-philanthropy_11.jpg?width=1280&auto=webp&quality=95&format=jpg&disable=upscale)
In a recent posting, the Pew Research Center reported that the World Bank estimated that $148 billion was sent by immigrants to family members and others outside the United States in 2017. Known as “remittances,” these funds are sent to family and friends in other countries and might be referred to as “intra-family” philanthropy.1
One might wonder how this type of philanthropy, as broadly defined, compares to the amount donated to public charities by individuals in the United States. According to GIVING USA, individuals contributed some $292 billion to public charities in 2017.2 To put this in perspective, immigrants sent nearly half again that amount back to loved ones in their native countries.
Other Intra-Family Philanthropy
Is giving t...
Unlock All Access Premium Subscription
Get Trusts & Estates articles, digital editions, and an optional print subscription. Choose your subscription now and dive into expert insights today!
Already Subscribed?