India's ambitious journey towards the 2030 Sustainable Development Goals (SDGs) presents a unique financial challenge. A crucial part of this funding is expected to come from philanthropy which has a vital role in meeting India's annual SDG funding gap of $15 billion.
The US Indian diaspora, known for its financial success and influential presence, stands as a key player in this philanthropic endeavor. With the wealth of US-based Ultra-High Net Worth Individuals (UHNWIs) on the rise, there's a significant opportunity for increased philanthropic contributions. This increase has the potential to profoundly impact India's progress towards the SDGs.
The motivations for giving among the US Indian diaspora, however, are complex. This study by The Bridgespan Group supported by Give Grants, has shed light on these factors, which include a mix of personal values, social influences, and professional interests. A generational shift in giving is also anticipated, bringing new perspectives and challenges. Addressing these effectively is crucial for sustained philanthropic engagement.
The focused report delves deeper into these themes, offering insights into how strategic philanthropy can effectively contribute to India's SDGs.