14 October 2020 | News,

Positive results for cross-border philanthropy in the first half of 2020

The first six months of 2020 have been synonymous with strong growth for the TGE network – “Transnational Giving Europe” and Swiss Philanthropy Foundation, its Swiss partner. There has been a significant increase in European cross-border donations, totaling 11.6 million euros, an increase of 150% compared to the first half of 2019. There are also 5,000 donors and 277 recipient organizations across Europe.

These rapidly growing results demonstrate the success and necessity of this European network, facilitating philanthropy by connecting donors and beneficiaries while preserving the security and monitoring of transfers.

Concerning Switzerland more particularly, since the beginning of the year, the TGE network, through its partner Swiss Philanthropy Foundation, has enabled 28 Swiss public utility organizations to receive donations from Europe for a total amount of €5,9mio thus positioning our Foundation in first place in the TGE network for incoming donations.

In addition, Swiss Philanthropy Foundation has supported more than 75 donors based in Switzerland in making their donations to beneficiary organizations in Europe, and representing a total of EUR 1.2 million, in 4th place in the TGE network for outgoing donations.