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Expand chart
Reproduced from the Harvard Kennedy School's Hauser Institute for Civil Society at the Center for Public Leadership; Paula D. Johnson, et. al, 2018, "Global Philanthropy Report." Chart: Axios Visuals

In proportion to its GDP, the Netherlands has more wealth in charitable foundations than any other nation in the world, according to The Global Philanthropy Report by the Harvard Kennedy School; Switzerland is #2.

By the numbers: Overall, U.S. philanthropies are the wealthiest, with $890 billion in assets. But as a share of GDP, the Netherlands and Switzerland each have substantially more invested in charities than the U.S. or anywhere else.

  • On average, U.S. foundations spend a greater share of their assets than either Switzerland or the Netherlands — 9%, according to the report. This "spend rate" highlights the share of foundations' money that has the potential of making more immediate social impacts.
  • American charitable foundations spend a lower percentage of their wealth than foundations in countries like Spain and France, which on average spend about a third of their philanthropic assets on their social programs, grants, administrative costs and supporting third parties.

Our thought bubble, per Axios’ Felix Salmon: In countries like Canada and Ireland that have robust social safety nets, the need for permanent philanthropic capital is lower — which could be why foundations in those nations have less in assets.

The big picture: The study found that philanthropy is on the rise around the world, thanks in part to global economic growth. And more than 90% of charitable spending worldwide comes from European and U.S. foundations.

Go deeper:

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The new Washington

Illustration: Sarah Grillo/Axios

The Axios subject-matter experts brief you on the incoming administration's plans and team.

Rep. Lou Correa tests positive for COVID-19

Lou Correa. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

Rep. Lou Correa (D-Calif.) announced on Saturday that he has tested positive for the coronavirus.

Why it matters: Correa is the latest Democratic lawmaker to share his positive test results after last week's deadly Capitol riot. Correa did not shelter in the designated safe zone with his congressional colleagues during the siege, per a spokesperson, instead staying outside to help Capitol Police.

Far-right figure "Baked Alaska" arrested for involvement in Capitol siege

Photo: Shay Horse/NurPhoto via Getty Images

The FBI arrested far-right media figure Tim Gionet, known as "Baked Alaska," on Saturday for his involvement in last week's Capitol riot, according to a statement of facts filed in the U.S. District Court in the District of Columbia.

The state of play: Gionet was arrested in Houston on charges related to disorderly or disruptive conduct on the Capitol grounds or in any of the Capitol buildings with the intent to impede, disrupt, or disturb the orderly conduct of a session, per AP.