Fourth Annual Index of Global Philanthropy and Remittances Shows Private Philanthropy, Remittances Provide Lifeline to Developing Countries During Recession

"The Obama administration is well positioned to launch a new business model for foreign aid, one which uses government dollars largely to help successful philanthropic projects scale up," says Dr. Adelman. "The president's campaign of savvy, web-based technology, direct outreach to voters through blogs, videos, and interactive websites resulting in a large number of small donations, mirrors what philanthropy is now pioneering as it seeks to work more effectively with new players in a new developing world."