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Tag Archive: philanthropy

Dear Philanthropists: How about One Percent for Democracy?

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Here’s something I just learned: The annual budget for political reform groups in the U.S. is a combined $45 million, which amounts to roughly .01 percent of the $300 billion in total charitable giving in 2011. It's also less than one quarter of the Chamber of Commerce’s $200 million annual budget. This funding disparity is a jumping off point for a new symposium over at Democracy: A Journal of Ideas entitled “Everyone’s Fight: The New Plan to Defeat Big Money.” Most significantly, the issue includes a powerful call-to-arms from Nick Penniman and Ian Simmons for the philanthropy community to contribute “One Percent for Democracy”

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International aid groups lack transparency

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International aid groups represent more than $130 billion in annual cash flows, and 80 percent of the groups controlling that money fail to provide some basic information about where and how that money is used. Those are the findings of a recent report from Publish What You Fund, a group focused on a global campaign for aid transparency. Though the scores for most groups are low, the results of the 2012 report are an improvement from past years. The average score of a 41 percent transparency rating this year comes after an average score of just 34 percent in 2011.

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