On May 12, Hudson Institute released its sixth annual in conjunction with the event "Global Philanthropy: Skating to Where the Puck is Going to Be." Sagamore Senior Fellow Byron Johnson served as a panelist at the event.
The report details recent trends in private flows to the developing world, including the resilience of philanthropic giving throughout the recession. For the last year, Sagamore Institute has been exploring these implications, concluding that citizen philanthropy to the developing world is comprised of an enterprising community concerned about more than just dollars and cents.
Since 2005, Hudson Institute’s Center for Global Prosperity has produced an index that uncovers the vast flow of private dollars to the developing world.
In 2009, the United States was responsible for $28 billion in Official Development Assistance (ODA) while private philanthropy, remittances, and private capital accounted for $197.4 billion of outflows to the developing world—a number dwarfing ODA from all Organization for Economic Cooperation and Development (OECD) countries combined.
With such striking figures, Sagamore has been examining outflows from Indiana to Africa. Sagamore’s unearthed nearly 300 Hoosier organizations that are engaging with sub-Saharan Africa.
Additionally, Sagamore Senior Fellow Donald Cassell recently detailed Liberian President Ellen Johnson Sirleaf’s innovative approach to philanthropic inflows through the , a coordinating entity for incoming philanthropic projects.
Looking ahead, the index points out that philanthropy and remittances remain a critical lifeline to the poor and could be leveraged for economic development. How to better harness those dollars will continue to be a critical question in the foreign relief and development conversation.
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