While the nonprofit sector in Latin America is among the smallest in the world, these nations are on the cusp of significant philanthropic transformation. This is due, in part, to a rising middle class, technology connecting more citizens and increasing corporate social responsibility (CSR).
Concerning grantmaking in Latin America and the Caribbean: Findings show that Canadian and European foundations favor funding programs in Central American and Andean countries, while Caribbean foundations almost exclusively fund within their own region. U.S. foundations favor Mexico and Brazil, although grants are made extensively across the region.
Nearly two-thirds (64.2 percent) of all grant dollars went to two countries—Mexico and Brazil. Four other countries—Peru, Colombia, Argentina, and Chile—comprised the next 22 percent. The remaining 13.8 percent was distributed among the other 39 countries of the region.