New Citi report delves into the economic impact of philanthropy.
Estimates that global individual giving reaches an impressive $1.3 trillion annually.
Rising influence of high-net-worth individuals and foundations underscores a shift in philanthropic agendas.
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Getting Out and Staying Out, co-founded by Tony Smith of the VSA Consulting Group, works to reduce recidivism rate among men at Rikers Island, New York City. The recidivism rate significantly dropped from 60-plus percent to under 20 percent, with more than a thousand men over a span of eight years.