Reimagining Institutional Philanthropy

Members of SEARCH have been reviewing various ways that philanthropy has evolved over time.  This article from the Stanford Social Innovations Review takes a look at how historic growth in wealth globally and the rise of new philanthropists threaten the relevance of institutional philanthropy – while creating new opportunities for impact and relevance.

The article looks at how Foundations’ traditional practices stand in the way by:

  • Too much fragmented giving
  • Rigidity in budgets and structure
  • Being overly prescriptive about strategy

Then it presents three approaches for reimagining institutional philanthropy by:

  • Setting time-bound, right-sized goals
  • Building in flexibility to concentrate or shift resources
  • Ceding control of strategies

Read the entire article here.