Join the workshop of Principle 1 of "The Compass for Philanthropic Foundations": Forward outlook - Agility Focus

Governance of philanthropic foundations focuses on transparency and ensures agility to allow foundations to realise their philanthropic purposes.

The role of philanthropy within society is as critical as it is multifaceted. Philanthropic institutions are uniquely positioned to complement public authorities, commercial organizations and associations by injecting speed, resources, agility and innovation into the social fabric. They are the vanguards of long-term strategic vision, channelling private means for the public good and addressing key themes such as democracy and environmental sustainability. Their role encompasses a transformative influence that shapes societal trajectories. Philanthropic foundations are encouraged to venture into uncharted territories where public authorities have yet to tread. By doing so, they can fill critical gaps and pioneer initiatives that may later be scaled by other entities.
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