The Institute for Philanthropy and the Institute for Family Business have launched Next Generation Philanthropy (NGP), a two-year programme in strategic philanthropy and collaborative grantmaking for young people aged 18-28 whose families have grantmaking trusts or whose family businesses have corporate giving programmes.
This offering – the first of its kind in Europe – is designed to help participants to achieve impact in their giving and to enable them to develop the knowledge, skills and networks that they need to be effective future leaders of their family trusts. Over a two-year period, they will make a series of site visits, attend seminars and skills-building sessions (on topics such as achieving impact in giving, how to conduct due diligence, how to conduct a site visit, how to evaluate programmes, and grantsmanship). They will also receive mentoring from leaders in their fields of interest. They will then put their new knowledge and skills into practice by forming a funders’ collaborative which, out of funds that they have pooled, will allocate money to an area of common interest.
NGP was developed out of The Philanthropy Workshop, a donor education programme that started at the Rockefeller Foundation in New York, which recently moved to the Institute for Philanthropy.