The repercussions of COVID-19 are being felt around the world. A variety of forms of philanthropy have surfaced in response.
David Maurrasse, Author at State of the Planet
In an effective democratic society, philanthropy should complement and expand on government action and resources.
In his new book, Philanthropy and Society, research scholar David Maurrasse highlights strategic and inclusive tactics that help philanthropic institutions to more effectively serve their communities.
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.