A key feature of the European Foundation Centre’s new strategic framework is the shift in emphasis from ‘foundations’ to ‘philanthropy’, as reflected in the name of the EFC headquarters, Philanthropy House. What is the significance of the new focus on ‘institutional philanthropy’? And does institutional philanthropy have too much power? Charles Keidan talked to EFC chief executive Gerry Salole.
The EFC has just developed a strategic framework for the coming years, and the focus is very much on making the case for institutional philanthropy. What is the significance of that?
Many things get misnamed in this world. The European Foundation Centre was named because the people who created it had visited both the Foundation Center in New York and the Council on Foundations in Washington. They developed something that was going to be like the Council on Foundations but they called it after the Foundation Center.