Explore Democratising Philanthropy
Democratised philanthropy hopes to address the systemic roots of societal issues, serve as a tool for enhanced impact, and champion local communities to be empowered and engaged decision makers in the grantmaking process.
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The democratisation of philanthropy is anchored in the core value that grantmaking processes must be ethical and decolonised and focuses on reallocating and redistributing power over decision making and resources.
Shifting Power
The effect of COVID-19 in terms of health, financial and social consequences, combined with growing national and global social justice movements, have placed a spotlight on several deeply rooted inequalities in our societies. Grantmaking processes that have traditionally been top-down with funder determined priorities and “appropriate strategies” for funding, have often failed to address the deep inequities that impact plague communities as they can lack community-level knowledge & understanding nuances. Increasingly, philanthropists have begun to reflect on, and change, the way their strategic and grant-making decisions are made, shifting power to the intended recipients, and in turn democratising philanthropic practices.
Shared Governance Approach
The shared governance approach represents a new way of doing business. At its core, it shifts power from individual funders to key stakeholders who best represent those impacted by funding decisions. The primary assumption in shared governance is that funding is for the benefit of recipients, with the governing body entrusted to oversee those assets on their behalf and be accountable for more robust decision-making and better outcomes. Therefore, it leads to better investments for all.
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