The Financial Times Reports on the Globalization of Philanthropy

The Financial Times reports that the globalization of philanthropy is leading to more cross-border giving, but also to a growth in local philanthropy in many countries, greater involvement of donors in creating and monitoring charitable programs, and a blurring of lines between for-profit and nonprofit organizations.  At the same time technology is making it easier for donors to pursue their altruistic interests anywhere in the world.  The article cites in particular the websites of micro-lending organization Kiva.org, education-oriented DonorsChoose.org, and GlobalGiving.com, founded by two former World Bank executives.

(Full Disclosure:  The firm with which I am Of Counsel represents the GlobalGiving Foundation, Inc., the charity that receives donations made through GlobalGiving.com.)

LHM