The Role of Philanthropy for the SDGs is Not What You Expect

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To many, philanthropy is a welcome source of funding for development programmes across the world. Recent OECD estimates show that philanthropy for development between 2013 and 2015 was around USD 8 billion a year, most of it directed towards health and reproductive health programmes, but also sectors like education and agriculture. Because of all this, many are beginning to see philanthropy as a key financing source that could help close the SDG funding gap, estimated at USD 2.5 trillion up until 2030.However, philanthropy for development is much more than just this particular vision. It is not just about the money: at the current rate, it would take more than three centuries for philanthropy to close the SDG funding gap. Read more here.

Source: OECD

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