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Collective Action Redefines Philanthropic Strategy for Systemic Change
Summary generated with AI, editor-reviewed
Heartspace News Desk
Photo by Tim Marshall on Unsplash
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Key takeaways
- Philanthropy must embrace collective social innovation to achieve lasting societal improvements
- Systemic change demands coordinated efforts from communities, governments, markets, and funders working towards common goals
- This approach moves beyond isolated projects to foster resilience through long-term relationships and trust
Philanthropy must embrace collective social innovation to achieve lasting societal improvements. Systemic change demands coordinated efforts from communities, governments, markets, and funders working towards common goals. This approach moves beyond isolated projects to foster resilience through long-term relationships and trust. Currently, a vast majority of philanthropic funding, around 80-85%, supports specific programs, limiting broader social reach. The future requires shifting support to networks and platforms, providing risk capital, and valuing shared contributions over individual recognition. Success in collective action hinges on diverse actors uniting for a common objective, rather than focusing on attribution. Funders should act as facilitators, orchestrating collaboration to address root causes effectively. This evolution in funding practices, from project-based support to enabling collaborative movements, is crucial for achieving significant results. The future of philanthropy lies in these united, collective endeavors.
Related Topics
social innovationphilanthropycollective actionsystemic changefunding strategycollaboration
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