What's Happening?
Irene Pritzker, co-founder of the IDP Foundation, is challenging traditional philanthropy by advocating for an investment-based approach rather than mere donations. Her new book, 'The School in the Market,' explores this concept, highlighting the success
of the Rising Schools Program in Ghana and Kenya. This program provides microloans and business training to low-fee private schools, treating them as small enterprises. As of December 2025, the initiative has supported over 2,600 schools and reached more than 619,000 students, demonstrating the viability of loan repayments in financially excluded communities. The program aims to foster resilience and reduce dependency on aid.
Why It's Important?
This shift in philanthropic strategy could significantly impact how social outcomes are improved at scale. By focusing on investment rather than charity, the approach encourages self-sufficiency and local economic growth. It aligns with global development goals and could inspire similar models in other sectors, potentially transforming how resources are allocated to underserved communities. The success of such programs could lead to broader adoption of market-based solutions in philanthropy, influencing policy and funding decisions in the U.S. and beyond.
