You’re right, I shouldn’t have taken them at their word there, it’s probably not a small portion of philanthropic spending. US phil spending is about 500 billion per year, and the US has the highest spending as % of GDP. Can’t find sources for total worldwide spending online, but if I had to guess, it’s about 1.5 trillion, in which case the named figure is some 20-ish percent of the total.
Sorry, I edited while you posted. I see US as 1.44% * 27tn = ~400bn, which is the vast majority of charitable giving when I add in the rest of the countries Wikipedia lists and interpolate based on location for other biggish economies
You’re right, I shouldn’t have taken them at their word there, it’s probably not a small portion of philanthropic spending. US phil spending is about 500 billion per year, and the US has the highest spending as % of GDP. Can’t find sources for total worldwide spending online, but if I had to guess, it’s about 1.5 trillion, in which case the named figure is some 20-ish percent of the total.
Will edit post.
Sorry, I edited while you posted. I see US as 1.44% * 27tn = ~400bn, which is the vast majority of charitable giving when I add in the rest of the countries Wikipedia lists and interpolate based on location for other biggish economies