Two scholars of philanthropy and geography who reviewed the numbers see cause for concern about the agility and priorities of grantmakers during a crisis.
Former presidents Obasanjo and Mbeki have arguably made the most important contribution to Africa in the 21st Century by promoting peace, democracy, regional integration and pan-Africanism.
Due to a ‘once-in-a-century crisis,’ five big foundations are spending more of their assets on grants than usual. Some are issuing bonds to finance their extra support for nonprofits.