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

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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 online and 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 . For 2018 the focus was the Future Value of Data and the Future of Digital Identity. Alongside Autonomous Vehicles, other topics for 2019 are the Future of Digital Education and the Future of Land Use. All our research is openly shared under the Creative Commons Non-Commercial license.