Skip to content

Giving, More Giving & Giving for More Giving

August 4, 2010

In addition to Paul Allen, Warren Buffet and Bill and Melinda Gates have successfully rallied more than 40 billionaires to give at least half of their fortunes to charity as a part of the Giving Pledge, which we covered in detail here. Part of the effort apparently consisted of calling nearly 80 of the people on the Forbes list of the 400 wealthiest people worldwide.

We here at the Center for Global Prosperity have contributed to a growing body of research that emphasizes not only the efficacy of private actors in international development (the eponymous PAID) but also the need to monitor these aid flows and assess their long-term impact.  We have proven that U.S. philanthropy, which is often overlooked when measuring flows to developing countries, is far larger than ODA.

Buffet and the Gates’ will presently take their cogent eloquence (and/or effective use of peer pressure) abroad to spread the doctrine of big philanthropy to international billionaires. In fact, the message to give more has mushroomed into such a salient trend that the Gates Foundation is currently financing another foundation called the Zing Foundation whose principal aim is to encourage other foundations and individuals to give more boldly. Inevitably, philanthropy already a huge player in international development, will continue to grow. The question is, will  donor governments adapt quickly enough to effectively use the philanthropic community as a partner in their foreign assistance programs?

About these ads
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 104 other followers