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Showing posts from August, 2014

Private philanthropy is beautiful!

Financial flow is defined as the sum of : (a) private flows : the flow of private capital + private philanthropy + private remittances, and (b) state flows : i.e. ODA (governmental/official development assistance) In 2011, total financial flow from developed economies to developing economies was $577 B Of this, 80% ($461 B) was private flow Of this, total private philanthropy was 13% ($59 B) The total flow from the US alone was $278.5 B  Of this, about 90% ($251 B) was private flow Of this, total private philanthropy was 15.5% ($39 B) Reference: [ Index of Global Philanthropy and Remittances, 2013 ]