Philanthropy Trends that Will Rise in the next decade
In order to keep up with the various changes in the world’s needs and the ever-changing market along with up and coming generations, philanthropy must evolve as well. More and more philanthropy trends are appearing, especially as tech and health become primary focuses. People are changing the way they donate, what they look for in nonprofit organizations, and the causes they are interested in. Below, we will look at some of the next philanthropy trends that will rise in the next decade, as featured in an article on Fast Company.
1. Technology will continue to assist the targeting of giving.
As the world becomes more interconnected with technology, so will philanthropy. Technology could have a significantly beneficial impact on charity. For example, social media is helping to spread the word about various campaigns that are reaching more people than if they were only advertised in newspapers or word of mouth. Also, crowdfunding is becoming easier with sites such as GoFundMe. Donating can be completed with the click of a button, and the donor can choose the level of anonymity they prefer. There are also ways of using predictive analytic and artificial intelligence to assess the needs of different charitable causes more adequately.
2. Philanthropy will curate more capital for women and people of color.
Even though there is a multitude of capital available for entrepreneurs, women and people of color are often left out of these opportunities. The best way to give back to these minorities that are left behind is by mixing investment capital with philanthropic capital. In the philanthropy world, funding often begins with family and friends. However, minorities are often in situations where they cannot turn to family and friends for financial support. Recent philanthropy is helping us move more towards an “economy for all” that will benefit minority communities.
3. Philanthropy will aid in prison reform.
Prison reform is becoming a crucial topic amongst governments and nonprofit organizations. Both political parties are looking to find common ground on the issue, and various grant funding is being used to assist with policy changes and investor activism. Philanthropy is helping to raise awareness about prison reform and pressure big companies to pull out of investing in private prisons.
Prison reform is becoming a crucial topic amongst governments and nonprofit organizations. Both political parties are looking to find common ground on the issue, and various grant funding is being used to assist with policy changes and investor activism. Philanthropy is helping to raise awareness about prison reform and pressure big companies to pull out of investing in private prisons.
