Philanthropy: Three reasons why global giving is reaching its limits
Expensive, slow, and opaque: An industry that moves its money like non-profit organizations doesn't need any enemies, says Felix Oldenburg. Where does this inefficiency come from?
The article discusses the challenges faced by non-profit organizations, particularly those in the US, in receiving donations from abroad. Due to restrictions and threats from governments, including the Trump administration, many organizations have set up branches in other countries, such as the Netherlands, to accept donations. This has led to a complex and inefficient system, with many organizations duplicating efforts and incurring high costs.
The article argues that this system is in need of reform, citing the example of the financial industry, which has overcome similar obstacles. A European internal market for philanthropy could be a solution, but it requires political acceptance and cooperation.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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- Philanthropy: Three reasons why global giving is reaching its limits handelsblatt.com
