Strategic Philanthropy

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The philanthropy space in India holds great promise. Leveraging the financial and human capital of Indian and international funders can be instrumental in addressing the significant challenges that India faces today. While we have some of the most pressing global challenges, we are also a country of fast changing attitudes to the idea of giving, and how it is practiced.

As with any other sector, philanthropy deserves professional rigor and the development of best practices to maximize its impact. With the significant recent rise of private wealth in India and internationally, there has never been a more important time to build an environment that nurtures effective philanthropy.

The philanthropy space in India holds great promise. Leveraging the financial and human capital of Indian and international funders can be instrumental in addressing the significant challenges that India faces today. While we have some of the most pressing global challenges, we are also a country of fast changing attitudes to the idea of giving, and how it is practiced.

As with any other sector, philanthropy deserves professional rigor and the development of best practices to maximize its impact. With the significant recent rise of private wealth in India and internationally, there has never been a more important time to build an environment that nurtures effective philanthropy.

WHY STRATEGIC PHILANTHROPY?

Philanthropy holds immense potential to solve India’s urgent development challenges. Despite the rise in wealth, India has not met with an equal and positive rise in philanthropy. India’s wealth rose by 211% in the past 15 years and ranks #4 globally in terms of billionaires. However, only 36 individuals donated 10 crores or more last year. There is an urgent need not only for more philanthropy, but also for smarter and more strategic philanthropy in India.

Furthermore, philanthropists need to be supported along their journey to understand critical needs in the sector, learn from giving best practices, access information on credible social organizations and build meaningful relationships with like-minded donors.

  • 32%
    of total contributions to the development sector in 2016 are private donations, up from a mere 15% in 2011
  • 40%
    of high-net-worth individual givers aimed to increase their contribution towards philanthropy over the next five years.
  • 6fold
    increase in philanthropic funding from private individuals from 2011 to 2016
  • $6billion
    was directed to the social sector through philanthropic funding from private individuals in 2016
  • $8.5trillion
    will be the approximate shortfall for India to achieve the SDGs by 2030
  • 9%
    has been the growth rate over the past five years of the total funds directed to the development sector

“There is a lot of joy in giving. When you see the kind of impact you can have, the smiles on [beneficiaries] faces – I think that is a joy you can’t easily get elsewhere.”

- Ajay Piramal 
Piramal Enterprises Group

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