Read the blog: Philanthropy is Needed More Now Than Ever Before: A Spotlight on Its Transformative Power
This webinar is the second of a three-part COVID-19 Webinar Series co-organised with the UNDP.
The philanthropic response to the COVID-19 pandemic has shown the sector at its best. From the launch of community-based rapid-response funds and crowdfunding platforms to the development of diagnostics, philanthropy is showing up both to help flatten the curve in the short term and to address inequities the crisis will exacerbate over the long term. What is striking is not only the scale of philanthropic capital being committed, but also how it is being given: at record speed, with fewer conditions and in greater collaboration with others.
All scales of philanthropic giving have been leveraged during this crisis and the dynamism of the sector has been key to its effectiveness. Adding to this, the rapid transitioning of Islamic capital from traditional charity approaches to more innovative Shariah-compliant fiscal instruments signals a significant capacity to address SDGs that has begun to be tapped into and there remains scope for growth.
While philanthropists have responded to the pandemic with record levels of support, the massive responsibility for leading the recovery of cities still falls primarily on the shoulders of the public sector. Public sector actors that leverage all forms of private sector capital can harness critical resources to invest in more holistic and effective solutions.
Examples of these collaborations need to be more widely replicated for real impact. How can we strengthen the capability for public funding actors to engage philanthropic capital? And how can public funders tap into the potential of faith-based capital to address urgent needs in vulnerable communities? This webinar will cast a spotlight on ways that philanthropic capital has partnered public interventions in emergency response and recovery, and share expert perspectives on the critical factors for success.
Watch the previous webinar in this series on Financing Solutions for Social Protection in COVID-19 Response and Recovery here.
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