Giving Compass' Take:
- Reports highlight the rise in philanthropic investment in democracy and civic engagement, but long-term and unrestricted financing is needed.
- How can collaborative funding models help advance and support democracy?
- Learn more about democracy and philanthropy here.
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Funding towards the promotion of a healthy democracy has been on the up in the US, driven by rising threat of authoritarianism and concerns over democratic institutions ever since the 2016 election victory of former US President Donald Trump, according to the Democracy Fund.
Since 2016, new philanthropic actors, structures, and funding models have bolstered pro-democracy efforts “infusing the movement with needed dynamism,” according to a report published by the non-partisan, independent organisation.
It warns that pro-democracy funding could soon wane.
The findings, which includes surveys and interviews with 70 institutional funders, warn that from funder perspective, shifts in the philanthropic landscape are becoming “increasingly complex, confusing, and difficult to navigate.”
Institutional philanthropy for democracy is estimated to have grown from between $3.8 billion and $4.3 billion in 2017–2018, to between $5.4 billion and $6.9 billion in 2021–2022.
Institutional philanthropic funding for democracy is expected to grow further in 2023–2024, with 45 percent of survey respondents planning to increase funding and just 8 percent planning to decrease it compared to 2021–2022.
Long-term and unrestricted funding is becoming more common across institutional philanthropy, despite concerns that funding growth has focused on short-term goals.
There is also increasing support for key issues dominating progressive philanthropy, with 70 percent reporting funding for social and racial justice work and 59 percent reporting funding for media policy and misinformation and disinformation.
Read the full article about philanthropy promoting democracy by Shafi Musaddique at Alliance Magazine.