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Boosted by jsonstein@masto.deoan.org ("Jeff Sonstein"):
prachisrivas@masto.ai ("Prof Prachi Srivastava") wrote:
Good to see some 'big' philanthropy respond to aid cuts. But it cannot plug OECD DAC donor gaps.
Example:
MacArthur total endowment= $8.9B
Total giving= ~$400 M annually
Projected increase = $150M/2 years
USAID 2023 spending= $71.4BMacArthur is amongst the largest US foundations by endowment, and globally.
That puts MacArthur's spend in 2023 ~0.006 of USAID (napkin math).
One can't fill a sinkhole with a grain of sand.