In 2022, that number nearly doubled to 2,775. In 2015, about 1,400 groups worldwide received funding for climate-related work. The number of nonprofits receiving funding has grown, too, according to the report. I worry that if folks sit on the sidelines, they’ll be ready to act when it’s too late.” “This is the existential crisis of our time. “There’s this sense that this is not really what we do because we’ve got these other issues that we focus on,” he says. But, he says, climate, which affects just about every area philanthropy addresses, is different. And reports citing the dearth of funding for every issue are common. They feel overwhelmed by an issue that seems complex and global in scale and are uncertain of which strategies are effective, says Buchanan. The foundation executives surveyed said that government and businesses should be doing more. A survey released by the center this summer found that 90% of foundation executives said climate change was an urgent problem, but only 10% said it was the most important issue to address right now. Foundations, particularly those that do not focus directly on the environment, have been slow to give to climate-related causes, says Phil Buchanan, president of the Center for Effective Philanthropy. While foundation giving to curb climate change is on the rise, it is also increasing from a very small base. Mountford says that a number of new foundations are donating to climate-related causes, perhaps inspired in part by Bezos but also by the increasingly dire effects of drought, extreme weather, and sea-level rise around the world. Much of that was due to new big donors like the Bezos Earth Fund, which gave $519.2 million in 2021. Giving by foundations increased even more, jumping 40% from 2020 to 2021, reaching $3.1 billion. ![]() “This is nowhere near fast enough,” she says. Philanthropy’s few billion dollars are a start but still fall short. But the global costs for transitioning to a carbon-neutral economy will be in the trillions of dollars. Yet contributions to climate philanthropy accounted for just 1 to 1.5% of all giving, according to the report-just $7.5 billion to $12.5 billion out of the $810 billion given to all causes in 2021.ĭonors should be recognized for increasing their support, says Helen Mountford, CEO of ClimateWorks. The jump in giving was significant-25% over 2020-and it outpaced the growth of giving overall.
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