Latin America is a big beneficiary of remittances, one form of philanthropy, but giving by foundations and trusts remains low. In our view, extraordinarily so. OECD statistics suggest some of the biggest foundations have been not present or are retreating from Latin America. Philanthropic funding can be uneven so it remains to be seen if the drops in funding are permanent. But the point remains no less relevant. Why are the great philanthropic institutions so ambivalent in supporting philanthropy in Latin America, and especially in funding Latin American higher education?
Read MoreWho are the new philanthropists to emerge in 2020? What are the new grant-making charitable trusts and foundations established in 2020? Over 1,700 foundations and trusts were established during the pandemic with the primary purpose of serving as a grant-making institution according to our UK Grant Makers 2020 study. The conclusions of this research provide an important indication of philanthropic intention during last year’s Covid pandemic.
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