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Mark Kramer discusses catalytic philanthropy.
Catalytic philanthropy offers an approach in which donors take a structured, active role in addressing some of the world’s biggest challenges.
Top Takeaways
- Funders can become the key to establishing impact by shifting the responsibility from nonprofits to themselves.
- Philanthropists must listen to and work with others, enabling stakeholders to develop their own solutions.
- Systemic change depends on a sustained campaign to increase the capacity and coordination of an entire field.
- Donors achieve impact by taking responsibility for making progress on an issue; engaging others in a campaign; using tools beyond grantmaking; and creating actionable knowledge.
Philanthropy is indeed a powerful tool for social progress, but only when donors make it so.
