Future of Philanthropy

Insights from Multiple Expert Discussions
Around the World

Overview

This decade sees philanthropy at a pivotal point. The evolving geopolitical landscape, the rapid creation of new wealth and a greater awareness of how philanthropy can create social change have already led to exciting innovation and new thinking. This is influencing approaches to giving and the implementation of social responsibility initiatives across the world. Building on previous research, the Future Agenda team focused in depth on the future of Philanthropy via nine high level discussions which were held in Dubai, Kuala Lumpur, London (x2), Mumbai, Oxford, Quito, Singapore and Washington DC.

During our conversations we explored the key interconnected drivers of change, the changing ways of giving and the impact that technology has had on the sector. Finally, as societal attitudes, behaviours and commercial common sense adjust to a connected and data driven world, key questions were raised to help organisation make more informed decisions about the future.

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This report shares the findings from the Future of Philanthropy Open Foresight research project. It identifies and discusses some common challenges today, and also explores several shared ambitions. What is clear from all our discussions is that we are seeing a fundamental shift in when we give, how we give, how we receive and how change is created through philanthropy. In addition, the report highlights several important emerging opportunities such as the rise of the global elite, the increasing influence of female philanthropists and the increasing demand for transparency. Some of the issues addressed are specific to key locations but most are universal and therefore of relevance to most cities.

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Future of Philanthropy - report

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Presentation

This is an accompanying presentation used for public conferences and to kick off briefings within organisations. It provides a summary of the research and highlights some of the key insights. It is available to download both as a PDF and also to view on SlideShare.

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Partners

Locations and Key Insights

Insights world map Map marker
  • >50%
  • 40% to 50%
  • 30% to 40%
  • 20% to 30%
  • <20%

Mumbai

21.04.17

Top 3 challenges

  1. Attracting talent
  2. Building capability
  3. Engaging millennials

Top 3 opportunities

  1. Resource optimisation
  2. Partnerships for impact
  3. Digital engagement

Top 3 future issues

  1. Taking 'big bets'
  2. Broader collaboration
  3. Increasing state influence

Singapore

25.04.17

Top 3 challenges

  1. Community prioritisation
  2. Changing role of business
  3. Deeper digital engagement

Top 3 opportunities

  1. Outcome funding
  2. Greater collaboration
  3. Brand driven philanthropy

Top 3 future issues

  1. Community run initiatives
  2. Co-created policies
  3. Leveraging crowd-funding

Kuala Lumpur

27.04.17

Top 3 challenges

  1. Supporting grants for women
  2. Greater transparency
  3. Natural capital impact

Top 3 opportunities

  1. Women in decision making
  2. Co-funding between corporations
  3. Shift to smaller donors

Top 3 future issues

  1. Authentication of activities
  2. Planetary boundaries focus
  3. Faith driven philanthropy

Oxford

19.06.17

Top 3 challenges

  1. Negative reaction to wealth
  2. Political philanthropy
  3. Increasing transparency

Top 3 opportunities

  1. Longer-term patient capital
  2. More collaboration
  3. Global agendas

Top 3 future issues

  1. Blockchain transparency
  2. Closer government collaboration
  3. Super-rich starting foundations

London

28.06.17

Top 3 challenges

  1. Rise in extreme wealth
  2. Focus on the wrong issue
  3. Emotional philanthropy

Top 3 opportunities

  1. Sharing of models
  2. Increased cultural diversity
  3. Collaborative organisations

Top 3 future issues

  1. Female wealth and influence
  2. Merging of business and charities
  3. Supporting social movements

London

04.07.17

Top 3 challenges

  1. Lip service to SDGs
  2. Diasporas view of "home"
  3. Growing fragmentation

Top 3 opportunities

  1. Increased local philanthropy
  2. Indian investment in philanthropy
  3. ESG investment

Top 3 future issues

  1. Money from India for India
  2. Social media transparency
  3. Millennials investment in ethical matters

Washington DC

17.07.17

Top 3 challenges

  1. Impatient younger generation
  2. US local giving to fill gaps
  3. Dealing with political values

Top 3 opportunities

  1. Data change donations flows
  2. Islamic giving
  3. Improved feedback loops

Top 3 future issues

  1. People expect to have a voice
  2. Constituent voice / politics collaboration
  3. Industry collectives

Quito

20.07.17

Top 3 challenges

  1. Mass migration
  2. Disconnected ecosystem
  3. Isolated initiatives

Top 3 opportunities

  1. Companies impact on communities
  2. Public / private integration
  3. High impact measures

Top 3 future issues

  1. South-South giving
  2. Standardised reporting
  3. Increasing state influence

News

Future of Philanthropy - Final Report

We are very pleased to share the full report from our Future of Philanthropy programme – now available as PDF on SlideShare. A supporting summary PowerPoint document is also available.

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Future Value of Data in Asia

We are very pleased to be sharing some initial views in Singapore on the key topic of the future value of data.

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Future of Patient Data Insights Talks

After completion of the Future of Patient Data project we are delighted to announce a number of speeches to share the key insights.

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Future Value of Data – Programme Schedule

We are pleased to confirm the schedule for the 2018 Future Value of Data project.

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Future Value of Data

We are pleased to announce a new global initiative for 2018 – the Future Value of Data.

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Future of Patient Data – Final Events

Four Extra Patient Data Events Confirmed for January 2018.

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Interim Insights – Future of Patient Data

After successfully running one third of our planned future of patient data workshops, we are already starting to see some key future themes emerging.

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Africa 4.0

The promise of a digital dividend for Africa is an increasingly shared aspiration. What does this mean and how is it likely to play out?

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Future of Banking

Insights from initial discussions in Ecuador are kicking off a new Future Agenda deep dive into the #futureofbanking taking place during 2018

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Future of Patient Data Program Underway

After months of planning we are delighted that the 2017 Future of Patient Data program has kicked off with an excellent event in Dubai.

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Future of Patient Data – Confirmed Events and Hosts

We are very pleased to provide an update on the next in-depth Future Agenda project – a detailed exploration of the future of patient data.

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Future of Philanthropy – Conclusion of Research Phase

The conclusion of the Future Agenda, Future of Philanthropy research phase takes place in Dubai on 24th Sept hosted by the MBRGI.

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About Future Agenda

Future Agenda runs the world’s largest open foresight programme and provides strategic advice to leading organisations globally. In 2010 and 2015 we undertook major worldwide research leading hundreds of expert workshops across over 20 topics. The insights from these discussions have been shared in two major publications – ‘The World in 2020’ and ‘The World in 2025’.

Each year, the Future Agenda team undertakes in-depth global open foresight research projects on key themes of interest. In 2016 the focus was the Future of Cities. In 2017 it was the Future of Philanthropy and the Future of Patient Data. The primary topic for 2018 is the Future Value of Data. All our research is openly shared under the Creative Commons Non Commercial license.