New emperor, old clothes? International funding – who’s setting the agenda?
Interview - Wolfgang Hafenmayer
1 September 2008
Alliance magazine
In September 2007, LGT Venture Philanthropy, funded by the LGT Bank and the Princely house of Liechtenstein, was launched. Based in Zurich, the fund will invest around $10 million over the next two years in Africa, Latin America and Asia. What kind of organizations will the new fund support and how will venture philanthropy’s high-engagement approach operate at such a distance? What are the main challenges to applying business precepts to the non-profit sector?
