Facilitate development from below and from within: Seven practice-based recommendations for philanthropists

World Bank data indicate that the COVID-19 pandemic is likely to cause the first increase in global poverty since 1998. Organisations such as Oxfam International argue therefore that it is the time ‘for bold and visionary choices for our collective future’. Massive investment will be required, to avoid that so many people will be sliding back into poverty. As two seasoned practitioners, we offer seven practice based recommendations for philanthropists who want to provide support to counter these trends.

Read More https://www.alliancemagazine.org/blog/facilitate-development-below-within-seven-practice-based-recommendations-philanthropists/

A transformative moment for philanthropy

By Tracy Nowski, Maisie O’Flanagan, and Lynn Taliento
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A transformative moment for philanthropy
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Here’s how the positive changes in individual and institutional philanthropy sparked by the COVID-19 pandemic can take root and grow.
The philanthropic response to the COVID-19 pandemic has shown the sector at its best. From the launch of community-based rapid-response funds to the development of diagnostics and vaccines, philanthropy is showing up both to help flatten the curve in the short term and to address the inequities the crisis will exacerbate over the long term.

Read More https://www.mckinsey.com/industries/social-sector/our-insights/a-transformative-moment-for-philanthropy#

Should Foundations Give Now or Later? There Is No Right Answer

The Ford Foundation announced last week that it would raise the share of its endowment that it spends annually from a little more than 5 percent to 10 percent for the next two years.

That came soon after the progressive Institute for Policy Studies and a coalition of prominent philanthropists called on Congress to require that foundations go a step further and distribute at least 10 percent for the next three years.

This push for higher payouts is motivated by genuine compassion for individuals and communities hit hardest by the Covid-19 pandemic.

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