A new report from Council on Foundations, Philanthropy California, and Dalberg Advisors outlines how the U.S. philanthropic sector is responding to the 2020 crises and the opportunities to shift practices and share power to enable communities and the industry to build an equitable future.
The research team surveyed 250 foundation leaders and conducted more than a dozen in-depth interview to assess how the sector was changing amid the global pandemic, associated economic crisis, and racial justice movements. Across resourcing, priorities, and internal operations within the philanthropy sector, the research found shifts in practice though few examples of increases in power sharing.
‘Truly sharing power will require critical steps,’ reads the introduction to the report, citing behaviours that will make a difference such as interrogating one’s power and privilege; hiring, promoting, funding, and listening to leaders from marginalised communities; making investment decisions based on values and principles; leveraging one’s full financial power to advance the mission; and supporting emerging collaborations and cross-sectoral partnerships.
Global consulting firm Dalberg prepared the report in partnership with the Council on Foundations and Philanthropy California, which includes Northern California Grantmakers, Southern California Grantmakers, and San Diego Grantmakers.
To download the report, click here.