Welcome to the fifth Alliance Audio.
This is the latest in a new series debating key issues in philanthropy with guests from across the foundation world.
In our last podcast Paul Streets of corporate funder the Lloyds Bank Foundation and Dan Corry of think-tank New Philanthropy Capital call on foundations to give more core funding to grantees, collaborate better with fellow funders, be bolder in their advocacy and, most of all, be much more transparent.
Streets argued that the majority of foundations simply aren’t transparent enough. ‘You look at a lot of foundations and you wouldn’t even know who they fund, where they fund or what they fund. That’s not transparent. And if you’re not transparent, then you open yourself up to accusations of being secretive and therefore not trusted.’
So should foundations do more to be – and be seen to be – transparent, trusted and effective? In short, should philanthropy be doing better?
Alliance editor, Charles Keidan discusses these questions with two prominent figures in the UK foundation sector, Paul Ramsbottom and Carol Mack. Carol is the CEO of the Association of Charitable Foundations, which represents the interests of British foundations. Paul is CEO of the Wolfson Foundation, one of the country’s largest foundations with annual grants edging £30 million.