IFC Roundup: Major Donors — The Personal View

He was, surprisingly for some participants, not so concerned about administrative costs. So long as the operation is efficient and delivers what it promises, it didn’t matter that it spent money on administration.

The philanthropist

By contrast, our philanthropist was very concerned about administrative costs and, in fact, is unlikely to fund any organization whose representative arrives at his Brussels office by taxi. (There is an efficient and cheap metro.)