What you need to know about philanthropists, why it matters, and what it means.This is what we are seeing as trends in philanthropy that are either on the horizon, maturing or persisting. This analysis is based on engagement with the broader sector and more specifically with philanthropists and charities through filantropia’s work that builds the bridge needed for each to achieve meaningful connection with the other.
1. SHIFT TO CAPACITY BUILDING FUNDING
Some mature foundations like The Myer Foundation and The Ian Potter Foundation have signalled that, similar to the USA, they are shifting funding strategy from program funding to capacity building funding. Others will follow.
Taps into a growing understanding of how organisations, including charities, function and how program funding can deplete organisations over time. Taps into the desire to strengthen the business operations of an organisation in which they have already invested, and in which they have strong belief.
Capacity building means more is given to fewer organisations over longer time horizons. Approach existing funders who may have this appetite in a new way. Define and agree your aspirations/ambitions and measures of success clearly at…