GoFundMe VS GoGetFunding: Which is a Better Crowdfunding Platform?
In addition, donors should look to see how they can use their resources to incorporate new innovations into their existing programs within countries. This would help to not only scale innovations but also provide further evidence to the local government that the innovation is proven and worthy of support beyond a time-limited donor project. The U.S. government should continue to fund GIF and other innovation funding models. Government entities, the U.S. government could shift some of the risk off its “balance sheet” and onto an outside entity. Nancy Lee of the Center for Global Development has argued that donors should create “special purpose vehicles” or off-balance-sheet investment funds that would shift the risk from the donor onto an outside entity. Equity and grants were available, but social enterprises needed debt to grow in a more sustainable manner. OPIC found good success with this program, and when OPIC became the DFC in December 2019, the Portfolio for Impact became PI2.