A Will in Search of a Way: Philanthropy in Education in Peru

Vicente Leon and Matthew Bird

MPRA Paper from University Library of Munich, Germany

Abstract: As Latin America’s fastest growing economy since 2001, Peru is now an upper middle-income country. However, its human development and education indices have not improved in parallel with per capita income. With overseas development assistance (ODA) shifting resources outside Peru due to the country’s upper middle-income status, local philanthropists sought to fill the social investment gap. Which philanthropic and social investment models are emerging in Peru, and what lessons do they offer for other countries caught in the middle-income trap? We base our responses on an original quantitative and qualitative survey of 157 philanthropic organisations in Peru’s 10 largest cities. Given the size of philanthropic spending relative to the country’s public education budget, the ability to strategically leverage investments becomes even more critical to generate impact at scale.

Keywords: Philanthropy; Social investment; Education; Middle-income; Peru (search for similar items in EconPapers)
JEL-codes: N3 (search for similar items in EconPapers)
Date: 2018-11-15
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