A report released by the Bridgespan Group, an advisor for not-for-profit organizations and philanthropists, notes that the Indian-American diaspora among the top ten percent earners in the U.S. has the capacity to give back to India at levels that could surpass official U.S. development aid.
“Indian immigrants have fared well and amassed significant wealth. It is our aim to encourage donors to give more to India and to do so more effectively,” said Rohit Menezes, a Bridgespan partner who leads the organization’s India office. The combined annual discretionary income of Americans of Indian origin is approximately $67.4 billion. The diaspora community has significant nonfinancial assets that they can offer to India.
The Bridgespan Group together with Stanford Social Innovation Review and Dasra launched “Impact India” – a joint publication on strategic philanthropy in India. It represents trends in giving by Indian-Americans back to India, both monetarily and in non-monetary terms, and the impact of these funding flows, reports SiliconIndia News.
