Strategic Philanthropy: Transforming the Way Families Give

Time : 4 PM, Mumbai | 11:30 AM, London | 6:30 AM, New York | 6:30 PM, Hong Kong

A crisis opens up various avenues for philanthropy. In such times, it is important that Families formulate a strategy for giving. How you give is more critical than how much you give, so that the activities are structured and properly channelized to achieve positive and sustainable changes in the World. Campden Family Connect, in association with Dasra, a leading strategic philanthropy foundation, brings you the philanthropic initiatives by Indian Families, factors considered when giving and the impact achieved.

Key Takeaways

• The crisis has revealed inadequacies in the public systems, thus opening more avenues for philanthropy.
• Philanthropy has become more important than ever before to save half a billion poor and vulnerable Indians from falling into multi-generational cycles of poverty.
• Large businesses/ family foundations are honouring most of their existing philanthropic initiatives, they have revisited their goals and have either added on ‘crisis related giving’ to their portfolio or have diverted funds for the same.
• Families’ focus areas during crisis have been- community help initiatives like providing medical equipments/ beds in public hospitals, food relief programs, migrant movement & other community health initiatives.
• All the philanthropists have drawn various learnings from their operating businesses, applied the same to their giving and have seen wonders work for them in terms of reach and impact. Systematic development, enlightening leadership, humility, value of collaboration, need for expressed optimism and benefits of structured philanthropy were other key learnings of leaders in this space.
• Philanthropic journey is very personal and becomes gratifying only if the involvement is more than money. One has to have EMPATHY, emotional connect, devote time and see the results first-hand for it to be a humbling experience.
• Families are advised to ask the golden question- what’s the impact of my time & money and is the cause dear to me before entering the philanthropic space
• The main pillars of philanthropy are –
  1) Personally giving through references
  2) Partner with bodies that help you structure your giving. One must also evaluate the partner NGO based on its scalability.
  3) Establish a full-fledged family foundation
• To sum up, philanthropists urge families to start the journey & go for it and learn what works and then let it evolve over time.

Speaker Handouts