In an article published by Washington Monthly, Michael Sweikar, executive director of the Pulte Institute for Global Development, suggests the current system of providing short-term grants to non-profits, universities, and organizations for two to three years is "deeply flawed." According to Sweikar, "USAID could establish individual endowments with partner organizations, so that there will be more sustainable funding sources for our global priorities."
"To bring about real, lasting change across the globe, and address the root causes of migration from Central America, the Biden administration should change the way that we fund long-term development. One promising yet little discussed solution: start using endowment funding that can be game-changing for global security challenges while helping to reduce inequality."
Originally published at washingtonmonthly.com on May 14, 2021.