The current relative stability, the growing importance of the region to the global economy, and the wealth of opportunities for impact make LatAm an intriguing and attractive region for philanthropic investments.
Once virtually non-existent, LatAm’s philanthropic infrastructure is emerging with many possibilities for growth. In Mexico, 19 community foundations or similar organizations have been founded in recent years (Hispanics in Philanthropy).
In Brazil, the most advanced country in LatAm in terms of socially responsible corporate organizations, the number of foundations grew by 157% between 1996 and 2002. The number of institutions is set to steadily expand throughout LatAm as the social focus becomes increasingly important for the large business sector (Fernando Rossetti, secretary of Grupo de Institutos, Fundaciones y Empresas Brasil - GIFE)
By Tiffany Joy Swenson
In the wake of the most recent natural disaster in Chile, organizations from around the world are working overtime to attend to the many needs of those affected. The 8.8 earthquake struck central Chile on February 27th, 2010 and has been ranked as the 5th most powerful earthquake in the world since 1900. Millions have been left homeless or without basic necessities and the death toll from the earthquake and tsunami stands at nearly 800 and rising as reports continue to trickle in.
With a slew of campaigns now hitting mainstream media – all claiming to be the best place to invest your charitable donation - it can be difficult to discern where one should place their hard-earned philanthropic dollars. ALI caught up with an organization called Charity Navigator, the United State’s largest and most-utilized independent evaluator of charities, for information on their highest ranked charitable organizations and their prospective recovery efforts.
By Tiffany Joy Swenson
In our first issue, Alternative Latin Investor profiled the contributing habits of Ultra High Net Worth Philanthropists; in our follow up issue, we would like to take an opportunity to shine a spotlight on one of the many nonprofit organizations that we deem worthy of such philanthropic donations.
Twelve years ago an eager undergrad began a project that has now grown into an organization that helps thousands of children globally each year. Global Learning (GL) is an international not-for-profit organization that is dedicated to promoting education as a means for peace and justice. The organization is funded primarily by individual donors, grassroots fund-raising done by volunteers and generous in-kind donations. Thanks to these donations, GL provides virtually free volunteer opportunities year-round to hundreds of young leaders from around the globe—without a single paid employee. With a mission to alleviate poverty through the transformative power of education, GL has coordinated over 600 volunteers from more than 24 countries to serve on their multicultural teaching teams.