Comment & Analysis
Philanthropy in aid is growing — and it's billions more than we thought
A new study into private philanthropy raises a crucial question for the global development sector as it grapples with dwindling traditional aid: Have we underestimated the importance of philanthropy — and particularly local philanthropy — as a funding mechanism? Philanthropic spending totalled $68.2 billion from 2020 to 2023, according to…
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