Giving Compass’ Take:
• Effective philanthropy means giving people what they need, instead of giving them what they want, writes Ruchi Nadkarni, founder of PCube NYC. Long-term, preventative solutions are the hallmark of effective philanthropy.
• How can funders shift to more effective models? What metrics should we use for impact?
• Learn more on how to conduct effective philanthropy.
When Effective Philanthropy becomes a norm, rather than a concept that requires pushing, the rate at which the world’s problems are addressed will become a lot more seamless and cogent. When Foundations, Governments, and Corporations really think about the ways that programs are supported and nonprofits adopt a wide-ranging consideration of their end goals; issues can finally see ‘tourniquet’ solutions.
This will transform the current state of giving into a powerful tool to change the world. The trends of grant-giving and donations will become more prolific.
If all these formulas and factors are applied, it will successfully lead to the core of many issues being addressed. The methods will not eradicate all issues from the world, but will definitely ensure that we are not going around in circles to solve them. That precious resources are allocated aptly and in an informed manner.
Issues in various regions of the world will always persist. When we tackle the issues at hand, new ones will arise. However, if we approach each issue with a well-rounded solution, which is open to refinements when needed, we are more likely to conquer the problem as effectively and productively as possible. The need of the hour in the world is to again approach all the issues priority wise starting from the degradation of the planet, down to greed and apathy in exactly the same way.
Read the full article about effective philanthropy by Ruchi Nadkarni at Medium.
If you are looking for more articles and resources for Impact Philanthropy, take a look at these Giving Compass selections related to impact giving and Impact Philanthropy.
Looking for a way to get involved?
Learning with others and benchmarking are key steps towards becoming an impact giver. If you are interested in giving with impact for Impact Philanthropy, take a look at these events, galas, conferences and volunteering opportunities to connect with individuals like you.
Are you ready to give?
In addition to learning and connecting with others, taking action is a key step towards becoming an impact giver. If you are interested in giving with impact for Impact Philanthropy take a look at these Giving Funds, Charitable Organizations or Projects.