The Challenges for Foundations in the Coming Decade
11th June 2020 6:00pm Singapore Time
- 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.