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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:

Go deeper

Cyberattack forces shutdown of major U.S. fuel pipeline

A police officer stands guard inside the gate to the Colonial Pipeline Co. Pelham junction and tank farm in Pelham, Alabama, in 2016. Photo: Luke Sharrett/Bloomberg via Getty Images

A major U.S. fuel pipeline running from Texas to New York has been taken offline by its operator because of an apparent cyberattack.

The big picture: Colonial Pipeline "carries 45 percent of the East Coast’s fuel supplies," the N.Y. Times reports.

Bryan Walsh, author of Future
2 hours ago - Health

The end of quarantine

Illustration: Annelise Capossela/Axios

Long quarantines were a necessary tool to slow the COVID-19 pandemic during its first phases, but better and faster tests — plus vaccines — mean they can be scaled back considerably.

Why it matters: Quick tests and regular surveillance methods that identify who is actually infectious can take the place of the two-week or longer isolation periods that have been common for travelers and people who might have been exposed to the virus, speeding the safe reopening of schools and workplaces.

Amazon rollups are the hottest deals

Illustration: Aïda Amer/Axios

A new generation of companies is forming to scoop up Amazon marketplace sellers — and venture capital firms are writing big checks to support the effort.

Why it matters: These e-commerce aggregators are all about data and using it to optimize and turbocharge sales, which means they’re using Amazon’s own playbook.