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By studying the impact of India’s leading philanthropists, effective practices in social change emerge and can be replicated. The burgeoning philanthropy market can start to enact real change in the country.
Top Takeaways
- Most philanthropy in India is in its infancy and follows a “give back” rather than a “solve social problems” approach.
- To effect lasting social change, Indian philanthropists can begin to shift to a catalytic philanthropy model.
- Catalytic philanthropists in India follow four practices: they focus and use data to drive systemic change, collaborate across sectors, use multiple tools, and measure and learn continuously.
Catalytic Philanthropy is a term coined by FSG that refers to innovative practices that have the potential to catalyse social impact at scales that far eclipse the amount of financial resources invested – just as in chemistry, the addition of a small amount of catalyst causes or accelerates a much larger chemical reaction.
