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Session Highlights:
- While it has been a challenging time as organisations are forced to respond rapidly and with more flexibility than ever before it has also proven that even legacy foundations can adapt. Panelists were hopeful that these shifts have an enduring effect on the sector.
- The pandemic has been a magnifying glass for identifying and focusing on issues that societies must address. The speakers stressed the importance of strategic direction to ensure needs besides the pandemic continue to be met and highlighted the need for transparency as public scrutiny for philanthropy increases.
- An overarching message was that the pandemic has further emphasized the need for collaborative philanthropy. No single organisation has the capacity to work alone and funders must support and partner with those who are already working in a space to strengthen the system and amplify efforts.
Session Description:
- Paradigm shifts in organizations are catalyzed by major shifts in society. The fourth Industrial Revolution is one such shift, in this century, but we now face the potential of another on the heels of the COVID-19 pandemic.
Key Takeaways:
- Fundamental shifts in domestic and global societal contexts that have triggered developments in philanthropy strategy, unique to Asia and the West
- The biggest challenges facing philanthropy in the next decade
- How philanthropic organizations can best position themselves for impact in an increasingly turbulent and unpredictable global environment ahead
