Giving Compass' Take:
- The report, “Global Trends and Strategic Time Horizons in Philanthropy,” from Rockefeller Philanthropy Advisors indicates significant patterns in global giving.
- How has your strategic giving changed when directed globally? What is your approach to global philanthropy?
- Read about the future of global philanthropy.
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Rockefeller Philanthropy Advisors published its second biennial “Global Trends and Strategic Time Horizons in Philanthropy” report. This is the only global survey of philanthropy of its kind.
In an analysis of responses from 150 philanthropies from 30 countries, RPA found that the global challenges of 2020 and 2021 led over one-third of them to accelerate their spending and several more to consider revising their philanthropic timelines.
This study expands on RPA’s previous research in 2019 and 2020 to understand the factors that affect a philanthropy’s consideration in choosing the length of time for which it will remain active. With the advent of COVID-19, socio-economic uncertainty, and rising geopolitical tensions, the responses help illuminate how and why philanthropic organizations make important decisions, including those about funders’ philanthropic timeframes.
Education, community and economic development, and health are top programmatic priorities overall. When comparing differences among the time horizons, “political, civil, and human rights” was cited as the third leading area of programmatic focus among those considering a time-limited model, fourth for time-limited respondents, and fifth for in-perpetuity organizations.
The survey also reveals funder motivations, priority issues how families engage the next generation, and more. Some of the significant findings include:
- Just over three-quarters of all respondents (76%) cited a desire to influence social change as their top motivation for philanthropic giving; nearly two-thirds (64%) wanted “to give back to society” and over half (57%) cited “urgent need” as a motivating factor.
- Although in-perpetuity remained the dominant time horizon for a significant majority of respondents (74%), results show a growing adoption of time limited philanthropy in the past two decades.
- Over half (54%) of the family-led foundations in the survey report being led by the second generation of the family.
Read the full article about global philanthropy trends at Rockefeller Philanthropy Advisors.