Nonprofit organizations face pressures to focus spending on external operations and pull back on central administrative costs, but this emphasis can undermine the ability of the organization to effectively deliver its services. The concept of “patient capital” offers another point of view.
In November 2016, the Anchor Institutions Task Force held its annual conference in New York City. Over 150 representatives from a variety of anchor institutions and partner organizations came together to discuss how anchor institutions can make valuable contributions to community and economic development through local partnerships.
Despite the significance of anchor institutions to local economies, popular and political discourse does not always emphasize their importance. Anchor institutions, such as universities and hospitals, provide various employment opportunities while contributing to the health of local economies in other ways.
Recent trends now point towards global philanthropy becoming the new norm. Global philanthropy aims to reduce inequality in developing countries through many forms. But inequities persist, and different manifestations of global philanthropy will be challenged to increase impact and achieve a demonstrable shift in areas such as poverty, health, access to opportunity, and beyond.
In the field of philanthropy, foundations have been confronted with how to address structural racism and various forms of systemic inequities. How can foundations play a greater role in reducing racial disparities, promoting criminal justice reform, and tackling any range of manifestations of inequality?
Partnerships between anchor institutions and local organizations and businesses are vital to solving problems in localities and regions. Through engagement, investment and collaboration, anchor institutions can continue to play a crucial role in providing significant social and economic development opportunities to the communities in which they operate.
The latest Clinton Global Initiative University conference in March brought together students and influential world leaders to discuss projects in such areas as reforestation in Haiti, coastal resilience in Florida, mobile food trucks for disadvantaged areas and new mobile apps to address issues of public health.
It is political season in two of the world’s largest economies. People around the world are closely watching as leadership transition in China will have global implications. China has been a hot topic in the U.S. presidential campaign, mentioned 53 times in the presidential debates. Both candidates took a tough stance and proposed to push China to “play by the rules.”
Collaboration between government and the private sector will be essential to substantially increasing job opportunities. The U.S. unemployment rate fell to 7.8% in September 2012 – its lowest level since January 2009.
Our highly interconnected and interdependent world has given rise to an extraordinary collaborative effort to design a future that is sustainable, prosperous and empowering. The recently concluded Clinton Global Initiative 2012 annual meeting’s theme, “Designing for Impact,” focused on designing our lives, environments and the global systems that can create more opportunity and equality.