13 December, 2019 Philanthropy Around The World: Our Final Blog… For Now
s Winston Churchill has been famously quoted as saying, “You make a living by what you get, you make a life by what you give.”
Ultimately, philanthropy is about the ability to understand that there is always someone facing greater financial and social challenges; and that we can do so much to help if we stand together as a community. In this final blog in the philanthropy series, we examine the importance of philanthropy; both for the givers and recipients.
There is a significant difference between charity and philanthropy. Charity is about alleviating the suffering caused by social inequality, while the focus of philanthropy is on eliminating these inequalities altogether. For many people – not only the wealthy – philanthropy is a way of life; creating small acts of kindness that can pave the way for real change.
Philanthropy does not only benefit those who receive. The mere act of giving to someone else makes life more meaningful and the knowledge that you have impacted the life of another can have a powerful effect. Giving ties us to other people within our communities, connects us with like-minded individuals and creates networks through which good work can expand. It has a knock-on effect that reaches not only one person, but their families and communities
In fact, philanthropy can be likened to the African concept of Ubutu – a concept that is built on the idea of humanity and community. As Nelson Mandela said, “We are human, only through the humanity of others.” As such, by giving back, every person is reminded to look beyond their own lives. Not only does giving provide a sense of compassion and empathy, but it also fosters a sense of gratefulness for what we have.
The challenge for philanthropic, humanitarian and social purpose organisations across the world is how to navigate an increasingly uncertain future while at the same time finding innovative and new ways of thinking that will result in greater impact for the communities and causes they are trying to serve.
In particular, they will need to start thinking more strategically about to how to adapt to keep pace with new demands from funders, how to more effectively use technology, and how to be more responsive to communities. They will need to counter concerns around credibility and adopt a more commercial approach while at the same time ensuring they deliver impact and return on investment to funders.
Similarly, there is growing acknowledgement that there is no one style global best practice approach when it comes to philanthropy. Instead, a more nuanced understanding of best practice is required which takes local contexts into consideration.
– By The Philanthropic Collection –
The Philanthropic Collection™ is a boutique social enterprise,
where we tailor haute-couture brands for philanthropy.