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‘New’ philanthropy as the new development solution?
1 September 2008
Alliance magazine
The so-called ‘new’ philanthropy typified by the emergence of the philanthrocapitalist is increasingly seen as a significant player in international development. Resources mobilized by foundations for international aid projects are increasing while some pundits are arguing that foundations bring a fresh and innovative approach to development.
A recent study by the Global Public Policy Institute (GPPi), an independent think-tank based in Berlin and Geneva, paints a more cautious picture. While financial resources disbursed have increased significantly in recent years (mostly driven by the largest players), the total number of foundations active in development seems to be stagnating.
