As bilateral aid budgets tighten, many in the development community are looking to private philanthropy as an alternative source of funding. But can foundations realistically step in to replace shrinking government aid?
During a recent Devex Pro Funding briefing, Devex Editors David Ainsworth and Raquel Alcega examined the data behind philanthropic giving and what it actually means for organizations seeking funding.
The discussion made one thing clear: Philanthropy is growing, but it cannot replace bilateral aid. And organizations hoping to tap into it need a very different business development strategy.