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  "documentTitle": "India Philanthropy Report 2012",
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  "notes": "Figure 13 shows a year-over-year comparison (2011 vs 2012) of barriers to philanthropy.",
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      "text": "Key factors that inhibit growth in contributions (% of respondents)",
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      "text": "Percentage of respondents: 53%",
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      "text": "However, we are encouraged to see a drop in the number of philanthropists who cite this issue—53% say a lack of accountability prevents them from giving more, compared with 70% last year.",
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      "text": "Philanthropists cite a lack of accountability as the biggest obstacle to giving, consistent with last year. Many HNWIs feel that there is a lack of easily available financial information about charitable organisations, leading to concerns about both inefficiency and misuse of their money. For new donors to increase their contributions, the need for improved accountability and financial transparency must be addressed.",
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      "text": "In order to reach India's full potential for private charitable giving, it is important to continue addressing the concerns of both donors and philanthropy experts. All participants—donors, intermediaries, recipients and regulators—must take action on these issues.",
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      "text": "Percent of respondents who mentioned the factor as a top-three inhibitor. Sources: Bain India HNWI survey, May 2011 (n=319); Bain HNWI survey 2012 n=398; Bain Analysis",
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