What can the UK philanthropy sector learn from the rest of the world? Photo: Nicolas Raymond/ Creative Commons
A new report from New Philanthropy Capital (NPC) highlights 10 recent innovations in philanthropy from across the world.
10 Innovations in Global Philanthropy, which was published last week, examines interesting ways in which philanthropic organisations are innovating and thus improving impact, from the US to India to the UK.
The report analyses the following innovations:
- Open data (looking in particular at two initiatives)
- Transparency
- Learning from failure
- Lean philanthropy
- Collaboration
- Balancing funder power
- Layered funding
- 100% impact investing
- Onling giving markets
According to the report, although the UK is on the whole a generous nation, there are increased pressures on philanthropy. "We are living in a time of increasing social need combined with the greatest inequality in global wealth for 100 years - our generosity is just not keeping pace. Philanthropists play a tremendous role in addressing this, but they need to be smarter and more cutting-edge. Innovative philanthropy has never been so important to put limited resources to best use", it says.
To read the report in full please click here.