Philanthropy as an opportunity for sustainable change

The annual conference of the European Foundation Centre (EFC) came to a successful close yesterday. For three days, discussions among around 400 representatives of philanthropic foundations and organisations across Europe focused on trends and possible solutions to topical challenges. In addition to several plenary sessions and discussion rounds covering four thematic tracks (Climate, Democracy, Philanthropy, and Society), 17 coffee house talks were held on Tuesday, which took the guests to selected locations in Vienna where public benefit foundations are active. Several themes emerged across the discussions. Numerous participants recognised the critical need for diversity within the sector to bring new ideas and different perspectives to the table. They also called on philanthropic foundations to shift their power through more participatory grantmaking and increased support of local initiatives. Intersectionality as well as adopting an approach that involves a range of partners from different sectors are further trends that will increasingly determine the daily work in the future. Philanthropy needs to walk the talk – time is running out, especially when it comes to climate change.

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