We’re heading into the giving season: a period of reflection for many, particularly in the world of philanthropy, exploring different ways to contribute resources - both financially and in the currency of time - to causes they feel they can create a real impact for.
There are some fascinating insights in Wealth Briefing about the priorities emerging from philanthropists, and a statistic on receiving tangible results stood out to me:
“Around two-thirds expect to see some form of return on 25% or more of their philanthropic giving; 16% expect to see a return on half or more of their donations.”
Whilst I can understand the wish for philanthropic contributions to have a measurable financial return for the cause, I would argue that those who are willing to make high-risk bets and test unconventional out of the box ideas are the ones that will be able to shift the paradigm on the complex issues we look to resolve.
Philanthropists have the freedom and ability to accept the consequences of setbacks and failure, learn from mistakes, improve their theory and try again.
It’s easy to get caught up in the financial return of contributions, but it’s also important to remember that the ability to take risks in philanthropy is a true superpower - and one that can genuinely change the world.
#Philanthropy #Philanthropist #MoonshotPhilanthropy
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