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Giving Compass' Take:
• Deepali Khanna lists steps to help donors satisfy philanthropy's double-duty role in economic and health recovery during COVID-19.
• What can you do to educate yourself further on philanthropy's double-duty role in coronavirus recovery efforts? How can you help marginalized communities remain economically afloat during the pandemic?
COVID-19 is undoubtedly the most defining global health crisis of our time and the greatest global humanitarian challenge the world has faced since the Second World War—both in terms of the toll it has taken on human life and well-being, and its impact on the economy. Therefore, our response to the pandemic also needs to be two-pronged—protecting ourselves and our communities from contracting the virus, while at the same time ensuring that stringent measures do not push large numbers of the population into acute poverty.
Now that the lockdown is gradually lifting, and recovery agendas are being fueled by governments world-over, philanthropic foundations have multiple important roles to play. We need to support relief efforts, enable people to go back to work, and kick-start livelihoods, while at the same time, adequately support the public health system.
Currently, we are seeing many donors shift their focus from issues like mission drift of their grantee partners—as they prioritised relief efforts in their communities—to the core work that needs to be done. This approach would need to continue post COVID-19 as well.
At The Rockefeller Foundation, we have made new commitments of at least USD 50 million globally, to enable our partners in Asia, Africa, Latin America, and the United States to respond to the crisis urgently. We are also helping our partners to pivot their activities to supporting some aspects of the COVID-19 response. In India, we are making strategic investments in scaling the production of testing kits, to enable people to return to work safely.
Read the full article about philanthropy's double-duty role during coronavirus by Deepali Khanna at Philanthropy In Focus.