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?
As the globe's philanthropy faces obstacles, three key reasons explain why global giving hits limitations. The primary issue is the inefficient double structure required for organizations to receive funds, as highlighted by the Amercan organization addressing the impacts of extreme heat on women in the global south. This inefficiency stems from the dominance of large foundations and development agencies, which have long controlled the sector, leaving little room for smaller competitors.
Additionally, the lack of transparency in philanthropy, coupled with political restrictions, further hinder the free movement of capital. These barriers prevent the free flow of capital, affecting a continent with 450 million inhabitants and a growing need for assistance.
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