Institute of Philanthropy

Philanthropy has the potential to be a powerful catalyst for change. As the philanthropic landscape evolves, the need for a thoughtful and strategic approach becomes increasingly evident.    Hossain Zillur Rahman, Chairperson of BRAC, emphasises that our initiatives must be rooted in empathy and respect for all generations. His insights remind us that achieving prosperity goes beyond mere metrics; it requires a commitment to social cohesion and understanding.    Discover more from Hossain Zillur Rahman and other speakers on building sustainable pathways to economic prosperity and true social mobility at #PBC2024: https://lnkd.in/eGYyksUz     #IoP #HKJC #HKJCCharitiesTrust #ImpactfulPhilanthropy

The Asian philanthropic landscape is vibrant and evolving, with organisations commonly employing a diverse range of grant-making practices. Our joint publication, “Examining Trust and Measurement in Asian Philanthropy”, created in partnership with McKinsey & Company, identifies six key grantmaking practices that are particularly prevalent in the Asia context:     1. Programme Co-Creation with Grantees  → Many Asian philanthropies create opportunities for collaborative programme development with grantees, ensuring that local expertise and insights are integral to the decision-making process.    2. Priorities Alignment with Multiple Stakeholders  → Foundations often align their priorities with multiple stakeholders around common objectives and the prioritisation of potential interventions, fostering coalitions for change.    3. Risk Capital Role  → Foundations play a crucial role in providing catalytic capital to fund innovative and high-risk initiatives. However, they sometimes need to establish separate programmes to manage various risk profiles.      4. Multi-Year Unrestricted Grants  → Long-term funding is becoming increasingly common, although there are often limits on the flexibility of the project since unrestricted grants remain less common.    5. Support Beyond Funding  → Over 85% of interviewed Asian foundations provide more than just financial support, including networks and connections to peers and other funders, as well as capacity building and technical assistance.     6. Community Voice Integration  → Foundations are integrating community voices into their grantmaking processes to become more inclusive and participatory, while establishing trust directly with the community.    Curious to learn more? Download the full report for more insights now: https://lnkd.in/enM2mc-A     #ImpactfulPhilanthropy #AsianPhilanthropy

💡 Collaboration in philanthropy requires a genuine willingness to trust one another, engage in honest conversations, and acknowledge the collective benefits of collaboration.    Here’s what Robert Rosen, Immediate Past Director of Philanthropic Partnership at the Bill & Melinda Gates Foundation, says about the essential components for major philanthropic stakeholders to unite and create a greater impact.    #ImpactfulPhilanthropy #IoP #HKJC #HKJCCharitiesTrust 

🌏 With Asia being home to 60% of the world's population and grappling significant domestic and regional challenges whilst experiencing a rapid rise of wealth, the demand for impactful philanthropy is more urgent than ever.    Naina Subberwal Batra, CEO of AVPN, asserts that true impact is intricately linked to the initiatives we support. She champions collaboration as the foundation of social progress, highlighting the crucial role of ecosystem builders in facilitating these vital connections.    Naina's commitment to this vision is evident through AVPN’s role as Co-Secretariat of the Commission on Asian Philanthropy (“the Commission”). Launched at #PBC2024, the Commission unites leading philanthropic organisations across Asia to collectively drive meaningful change, unlocking the full potential of Asian philanthropy towards more inclusive and sustainable societies.     💡Discover more about the Commission from #PBC2024's Plenary 3 here: https://lnkd.in/eKXi2jtU    #PBCVoicesForImpact #ImpactfulPhilanthropy #IoP #HKJC #HKJCCharitiesTrust

Professor Mike Spence, 2001 Nobel Laureate in Economics, Philip H. Knight Professor and Dean Emeritus at Stanford University Graduate School of Business, and Senior Fellow at Hoover Institution, Stanford University, expresses his optimism about the growth of the philanthropic sector, which reflects vital engagement necessary for driving meaningful change in our communities. For further insights into 'The Economics of Giving', watch Mike Spence’s Keynote address from #PBC2024 here: https://lnkd.in/dyA2-nHX #PBCVoicesForImpact #ImpactfulPhilanthropy #IoP #HKJC #HKJCCharitiesTrust 

🌟The second edition of #PBCDigest highlights the profound insights shared in the #PBC2024 Keynote 2 address, 'The Economics of Giving: What makes us give? What stops us from giving more?'.     Delivered by Mike Spence, 2001 Nobel Laureate in Economics, Philip H. Knight Professor and Dean Emeritus at Stanford University Graduate School of Business, and Senior Fellow at Hoover Institution, Stanford University, and moderated by Stephen Cheung, Voting Member of The Hong Kong Jockey Club, Vice-Chairman of CMB Wing Lung Bank, and Former President of The Education University of Hong Kong, this session delves into the economics of giving and motivation of philanthropy.     #ImpactfulPhilanthropy #HKJC #HKJCCharitiesTrust 

Social impact measurement is undoubtedly crucial in philanthropy, and the term "#MEL" (Monitoring, Evaluation, and Learning) frequently takes center stage. This widely adopted framework enables funders and organisations to tailor their #impactmeasurement practices, aligning them with their specific motivations and objectives.    The joint publication, “Examining Trust and Measurement in Asian Philanthropy”, by #IoP and McKinsey & Company, examines the evolving landscape of social impact measurement in #Asia, highlighting three key similarities in MEL practices among Asian foundation leaders.    1. Customised approaches to MEL for grantees  → Funders tailor their MEL frameworks for each grantee, allowing flexibility in measurement and reporting. This approach reflects trust in grantees' expertise and also enables them to build capacity and experience. Many funders also emphasise the use of qualitative methods to capture complex issues.     2. Rigorous MEL practices in regulated sectors  → Certain sectors, such as health interventions and public education systems, require more robust impact evaluations to meet regulatory standards. Foundations are adapting to stricter compliance environments by assisting grantees with necessary forms through third-party contractors.    3 Clear emphasis on learning   → Learning is a priority for Asian foundations as they build their MEL systems and capacity of their grantees. This focus not only enhances field development and improves practices but also strengthens relationships with underserved communities. Internally, it promotes knowledge sharing across programs to inform future funding decisions.    Want to dive deeper into these insights? Discover more and download the full report now: https://lnkd.in/enM2mc-A   #ImpactfulPhilanthropy #AsianPhilanthropy 

How can global giving be contextualised to ensure meaningful and sustainable change for vulnerable individuals and communities, as Asian philanthropies strive for greater impact? William Foster, Managing Partner of The Bridgespan Group shares his insights on what it takes to effectively measure impact in philanthropy, emphasising the importance of setting realistic and meaningful targets. He reflects on the recent collaboration between The Bridgespan Group and the Institute of Philanthropy (#IoP), highlighting key findings from their latest report — developed with financial support from #IoP — that examines the best practices of the 20 largest philanthropies in Asia.    Want to learn more? Explore the full reports and session recording of #PBC2024's Plenary 1: What is Impact? Launching a new, systematic assessment of Asian giving: https://lnkd.in/gVXViSbQ 🔗 Report 1. Largest Asian and Global Institutional Philanthropies:  https://lnkd.in/gFBhHdss 🔗 Report 2. High-Impact Philanthropy: Five Practices That Lead to Lasting Change: https://lnkd.in/gZxEdgXR    #PBCVoicesforImpact #HKJC #HKJCCharitiesTrust #BridgespanGroup #AsianPhilanthropy #ImpactfulPhilanthropy

📢 The Commissioners of the Commission on Asian Philanthropy convened to affirm the vision and roadmap for accelerating change in the trajectory of #AsianPhilanthropy, aiming to unleash its full potential towards more #inclusive and #sustainable societies.    Co-convened by the Asia Philanthropy Congress (#APHIC) and the Institute of Philanthropy (#IoP), the Commissioners gathered for their second in-person meeting during the Asia Philanthropy Congress 2024 in Tokyo last week, building on the success of the inaugural convening in Hong Kong this September.    During this session, the Commission aligned on a vision to drive transformative change in Asian philanthropy, and confirmed the mission to advance in-Asia-for-Asia definitions, models, and ecosystems of philanthropy. This initiative seeks to professionalise the philanthropic sector in the region and expand its influence as a mainstream partner for systemic change.     Key outcomes from the convening included:  💡Identifying opportunities to unlock both the quantity and quality of philanthropy across jurisdictions, alongside addressing critical research questions.     💡Recognising collaboration and engagement opportunities within and beyond the Commission, as well as establishing a three-year roadmap with key milestones to support the shared vision.    💡Approving the formation of thematic working groups to guide and support the Commission’s research efforts.    With a commitment to collaboration, the Commissioners aim to drive positive change through ongoing cooperation.    The Commission on Asian Philanthropy brings together prominent philanthropic organisations from across Asia, aiming to unlock the full potential of Asian philanthropy towards more inclusive and sustainable societies. Commissioners include China Soong Ching Ling Foundation, The Hong Kong Jockey Club Charities Trust, IDEAS Dompet Dhuafa Republika Foundation, King Khalid Foundation | مؤسسة الملك خالد, The Nippon Foundation, Piramal Foundation, Rainmatter Foundation, Tanoto Foundation, Tata Consultancy Services, Tencent Charity Foundation, Yayasan Hasanah. The Commission’s planning and operation are supported by AVPN and Voyage 明丘 as Co-Secretariats.    #ImpactfulPhilanthropy #HKJC #HKJCCharitiesTrust  

What advice do seasoned leaders have for emerging philanthropists eager to make a meaningful impact?    At this year's #PBC2024, we asked our distinguished speakers to share their invaluable insights for those embarking on their philanthropic journeys.    From the importance of listening and sharing innovative ideas to taking action, our speakers emphasised the power of engaging with local communities and learning through experience.   🔔 Discover their insights and explore the full #PBC2024 session recordings on the PBC website: https://lnkd.in/eQGDUxDY     #PBCVoicesforImpact #IoP #HKJC #HKJCCharitiesTrust #ImpactfulPhilanthropy