| Title: |
Billionaire Donors Weigh Priorities as Trump Wipes Out USAID. |
| Authors: |
Pendleton, Devon (AUTHOR); Sguazzin, Antony (AUTHOR) |
| Source: |
Bloomberg.com. 3/11/2025, pN.PAG-N.PAG. 1p. |
| Subject Terms: |
*Business journalism; *Economic systems; *Nongovernmental organizations; *International economic assistance; Refugee camps |
| Company/Entity: |
United States. Agency for International Development |
| People: |
Trump, Donald, 1946- |
| Abstract: |
Billionaire philanthropists and foundations are facing challenges following President Trump's decision to drastically cut foreign aid, leaving NGOs struggling to support vulnerable populations. Donors are grappling with tough decisions on which organizations to support, with concerns about funding for critical programs. The cuts have prompted a reevaluation of international development aid among wealthy donors, who are exploring new initiatives to strengthen economic systems. Despite the challenges, some foundations are stepping up their charitable efforts to address the gaps left by the US pullback in foreign aid. [Extracted from the article] |
| : |
Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) |
| Database: |
Business Source Premier |