Abstract
This article examines U.S. private foundation giving to non-governmental organizations (NGOs) and educational institutions in Brazil during and after the global recession (2006-2012). Using a national database of grants, the authors identify the U.S. private foundations that give the most money to Brazil, name the causes that receive the most international support, and identify how foundation giving in Brazil has been impacted by the worldwide financial crisis. The sections of the article describe the history of funding to education, the research literature on global philanthropy, the methodology for the study, the results, and recommendations to Brazilian scholars on how to more effectively pursue grants.
Highlights
Throughout the world private wealth has increased dramatically, especially in Brazil, India, China, and Russia, which has led to increased philanthropic giving over the past twenty years
Private foundations in the United States are subject to limited external oversight; under federal law, they must report basic information to the Internal Revenue Service, but are largely free to determine how much information to release about their activities, programs, and awards
In 2008 and 2009, U.S private foundations reduced their awards by 8%, Brazil experienced a steady increase in the number of grant awards during these years: the country received 547 grants in 2010
Summary
Throughout the world private wealth has increased dramatically, especially in Brazil, India, China, and Russia (the BRICs), which has led to increased philanthropic giving over the past twenty years. The Brazilian Federation received $123,813,030 USD, for 458 grants to 242 organizations (p.5) Based on these figures, Latin America and Brazil were shortchanged on private foundation funds from the United States. While much has been written on philanthropy, some recent literature focuses on critiques of foundations and their practices These criticisms discussed below center on the new philanthropists and how they have changed giving. In the United States, donors receive large income tax deductions to divert their assets to non-profit foundations while they still control how the money is spent She estimates that 35 percent or more of the funds donated have been exempted from tax collection, which could have been used for government social welfare programs (p.637).
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
