Giving Compass' Take:
- The NEXUS Australia Youth Summit brought in changemakers from various foundations, companies, and enterprises to speak about the expansion of philanthropy and the different branches that exist, such as social enterprise and corporate social responsibility, and where young people's role in social change.
- What makes youth-led social change initiatives so powerful? How are youth activists becoming effective drivers of social change?
- Learn how to support youth organizing.
What is Giving Compass?
We connect donors to learning resources and ways to support community-led solutions. Learn more about us.
‘Philanthropy’ is a term that was once associated with ultra-wealthy retirees who signed big cheques to support charitable causes they are passionate about. But times have changed. Today, the face of philanthropy is a much younger one – and one with a much wider scope to cover today’s emerging challenges.
While philanthropy still represents a love of humanity, it is no longer just about handing over money. Increasingly, it is also about the planned and structured giving of time, goods and services, influence and voice to improve the wellbeing of our communities.
And if the success of the recent NEXUS Australia Youth Summit is anything to go by, the next generation has its sights firmly set on making a big difference – harnessing and growing philanthropy for the greater good. NEXUS is an international network of more than 3500 young philanthropists, social entrepreneurs and influencers across 70 countries working to increase and improve philanthropy and social investing in order to bring about positive social change in the world.
One of the keynote speakers at the NEXUS Youth Summit was Sara El-Amine, the Director of Advocacy at the Chan Zuckerberg Initiative (CZI). While methods and demographics of those involved in philanthropy may have changed over time, El-Amine’s message is that philanthropy is most effective when its role is as facilitator, not instigator
Along with the growing number of younger philanthropists is the rise of corporate philanthropy. Over the past decade there have been significant changes in the way businesses have stepped up to accept their social responsibility and as it turns out, it is proving not only beneficial to social causes, but also the organizations themselves.
At the end of the day, possibly the biggest take-away is that anyone – no matter what their age, background or status – can be a philanthropist and no contribution is too small
Read the full article about the next generation creating social change for philanthropy at The Guardian.