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Giving Compass' Take:
• Javier García Moritán at Philanthropy In Focus discusses what it would take to create a new social investment ecosystem to strengthen the existing philanthropic infrastructures.
• What goals should this new network of organizations pursue in order to achieve sustainability?
The WINGS meeting in Jamaica, Driving Philanthropy for the Future, will live on in our history as an event that inspired GDFE, along with other chambers and associations, to launch an ambitious initiative to move together “from competition to cooperation”. The creation of a “new social investment ecosystem” derives from the awareness of the need to strengthen philanthropy infrastructure in a time when fragmentation, lack of trust and of systemic change lead to 90% of private social investment being devoted exclusively to projects, instead of being devoted to the bolstering of institutions; the same institutions which are supposed to create change conditions for sustainable development.
We all say there is a need to move towards more cooperative rather than competitive schemes, but we don’t always put this in practice. I am mostly speaking about the spheres of private social investment, corporate social responsibility and sustainability and, in particular, the “second floor” associations through which we represent others through their membership with us.
Of course, all the needs we pursue as organizations to keep ourselves afloat prevent us from reaching the stage of thinking about how to grow as an ecosystem. What do we mean by this? We seek a way to extend our representation for more sustainable development, to facilitate the task to members who participate in different associations with similar goals, and to build an infrastructure of organizations that, at the same time, drive funds strategically.
Read the full article about a new social investment ecosystem by Javier García Moritán at Philanthropy In Focus.