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Modernising philanthropy to meet current global needs
The International Family Offices Journal
Vol. 4 - Iss. 1 pp. 24–31
Sep 2019
Gina Pereira of Dana Philanthropy makes an argument that the approach of philanthropy needs to change to adapt to current societal needs. For example: ?Philanthropic money generally lacks interaction with markets and thus has a limited capacity for scaling and creating change?.1 She concludes that: There is much more philanthropy can do to leverage its assets fully and support the formation of an economy that serves people and planet. Charities benefit from favourable tax treatment based on their commitment to serve the public interest and, thus, it therefore arguably follows that this duty extends to taking responsibility for their impact through their investment practices.