The Hong Kong Jockey Club’s Post

Today's challenges are highly complex and urgent — no one can tackle them alone. Uncover insights from global thought and action leaders on how #partnerships among the public, private, and philanthropic sectors can speed up and scale #impact in climate, education, and health: https://lnkd.in/d7eY-Yz4 The Philanthropy Asia Summit is the flagship platform for action of the Philanthropy Asia Alliance — a Temasek Trust initiative to promote collaborative philanthropy and prime Asia as a force for good.

With so much interest in fundraising from Asia, we have been eagerly reading the newly published Doing Good Index 2024. This report offers a fascinating deep-dive into digital technology, funding landscapes, regulatory challenges, and the essential role of trust and governance within Social Delivery Organizations (SDOs) in Asia. Edward Wong, Executive Director of our Hong Kong Foundation has pulled out his key takeaways from this year’s report: 💡 88% of SDOs plan to boost their use of digital technology in the next two years. 💡 There’s a potential for a whopping US$702 billion increase in philanthropic spending if Asians match the US in terms of GDP percentage donated. 💡 Challenges like funding shortages, complex regulations, and staffing issues persist, but collaboration and technology are paving the way forward.   If you have not seen it yet, we have attached a link to the report for you to read at your convenience. https://bit.ly/DGI2024  But this conversation isn't complete without you. Let's continue the dialogue - how do you envision digital technology shaping the future of cross-border fundraising ? #CrossborderPhilanthropy #SocialImpact #DGI2024 #NonProfit #SocialGood 

🌏 Asian philanthropy takes center stage in Hong Kong The spirit of giving runs deep in Asian culture. But how can we amplify its impact? Hong Kong's 4th Philanthropy for Better Cities Forum provided answers: • 200+ global experts gathered • Theme: "Delivering Impactful Philanthropy in the Real World" • Goal: Transform charitable action into sustainable change Key focus areas: 1. Innovative giving models 2. Cross-sector collaboration 3. Measuring social impact The forum united foundations, thought leaders, policymakers, and NGOs to tackle pressing challenges. What struck me most? The emphasis on results-driven philanthropy tailored to real-world needs. #AsianPhilanthropy #SocialImpact #GlobalGiving #HongKong

Debrah Jiang, Chief of Staff at AVPN, was at the Philanthropy for Better Cities Forum in Hong Kong last month. Drawing on Dompet Dhuafa’s innovative mobilization of Zakat funding, Debrah reflects on the diverse models of #Asianphilanthropy that arise from the unique contexts and rich philanthropic traditions in each region. To name just a few, Asian philanthropy comes from diverse sources such as: ✅ Faith-aligned giving ✅ Corporate philanthropy ✅ State-led giving ✅ Family foundations Each Asian social investor is unique, often informed by a combination of these backgrounds. That is why, as Debrah says, it is so valuable to discover different models of Asian philanthropy by observing how philanthropists operate on the ground today. What is a model of Asian philanthropy in action that you are inspired by?

Last week's Fundraising Institute Australia Conference 2024 was truly an unforgettable experience! From reuniting with familiar faces to meeting new ones, every encounter was a testament to the power of community in our sector. The kindness & generosity displayed by attendees reminds us of the incredible impact we can make when we come together with open hearts & minds. As I reflect, I am grateful for being a part of such a vibrant & supportive community. My thanks to the FIA Conference Committee and the endless possibilities that lie ahead as we continue to work towards a world where our collective efforts make a real difference. Cheers to the friendships formed, the knowledge exchanged, and the boundless potential of our shared journey. In no order, my first reflection is from diving into an eye-opening session with Anita Toy from Give2Asia (soon to be @Myriad Australia). Anita shed light on the immense potential for philanthropy in Asia and the crucial strategies for effective cross-border giving. 🌟 Anita's insights, coupled with the impactful report she shared, underscored the following key themes: 🌏 Opportunity in Asia for Philanthropy: Asia's burgeoning wealth presents a remarkable opportunity for philanthropy to address pressing issues like poverty and gender inequality. 🌟 Varying Philanthropic Ecosystems: Across Asian countries, philanthropic landscapes vary, from robust support systems to regulatory challenges and transparency issues. 🤝 Cultural Nuances and Trust Factors: Understanding cultural nuances and building trust are pivotal for engaging Asian donors effectively. 💡 Action Items for Effective Philanthropy: - Connect with cultural experts. - Attend philanthropy conferences in Singapore. - Maintain transparent communication with donors. - Leverage partnerships with multinational corporations. - Focus on next-generation donors. - Engage with regional networks like the Asia Pacific Giving Network. My Takeaways for Connecting International Philanthropy into Australia: 🌐 Cultural Sensitivity: Embrace cultural diversity and ensure messaging resonates with the values and interests of Asian donors. 🤝 Building Trust & Relationships: Invest time fostering trust and maintaining close interactions with donors to ensure successful cross-border giving. 🌱 Engagement with Regional Networks: Leverage networks like the Asia Pacific Giving Network to access donors and gain insights into their motivations and preferences. 📈 Reporting & Relationship Maintenance: Regularly report back to donors and nurture relationships to sustain engagement and support. Do read the report which provides a wealth of insights and practical strategies for navigating the complexities of international philanthropy. Read: https://lnkd.in/gADMGEP6 #Philanthropy #CrossBorderGiving #Asia #ImpactfulInsights #FIAConf2024 Birger Stamperdahl Karan Anand Jonathan Duddles Abhilash Mudaliar 

I was pleased to participate in the insightful conversation, “How Philanthropy Can Lead the Way to Locally Led Development: A Global South Roadmap,” hosted by Adeso and the Ford Foundation on the margins of the United Nations General Assembly High-Level Week 2024. Convened at the Ford Foundation Center for Social Justice, the event brought together distinguished development leaders to discuss the evolving role of philanthropy in advancing locally led development across the Global South. The discussions, featuring key voices such as Salih Booker, President of the Ford Foundation; Degan Ali, Executive Director of Adeso; and Fanta Toure, Fund Director at the Girls First Fund, highlighted the imperative of rethinking philanthropic strategies to promote local expertise and community-led initiatives. These conversations underscored the critical need for a new framework that not only amplifies local voices but places them at the forefront of shaping solutions to their unique challenges. Adeso Africa and the Ford Foundation’s ongoing dedication to fostering social justice through inclusive, locally driven development models resonates deeply with the work done at The Wellbeing Foundation Africa, particularly in advancing #MNCH. This collective focus on community empowerment and local leadership is vital for ensuring that philanthropic efforts are more responsive, accountable, and sustainable in addressing development challenges. Through this gathering, it was evident that the pathway to sustainable global development lies in dismantling the structural barriers that often hinder Global South leaders from fully steering their own development agendas. By fostering true social impact partnerships grounded in #glocal knowledge and priorities, philanthropy can become a catalyst for enduring change. #LocallyLedDevelopment  #FrontlineFriday

The role of African giving has largely been silent. However, a new paradigm is emerging—one where community-based organizations (CBOs) are reclaiming the narrative and driving change from within. Drawing on years of traditional giving, it is time we dispel the notions of African philanthropy as having been constrained or colonized. This shift is not only reshaping how philanthropy is and has been practiced in many communities on the continent but also redefining the very concept of development. https://lnkd.in/dHEnP3YQ

Research by the Centre for Asian Philanthropy and Society (CAPS) is featured in this special report on Asian philanthropy by The Economist. Read more about how Asian philanthropy differs from its Western counterpart and how it has evolved in recent years here: https://lnkd.in/gCSaSKRH #Philanthropy #Asia

TOOLS AND TRENDS FOR FUNDERS 🌟 WINGS advocates for a pivotal shift in philanthropic strategy across Latin America, urging organizations to move away from isolated initiatives and towards partnerships that address the scale, complexity, and urgency of the Sustainable Development Goals. 🔗 https://lnkd.in/geVnX2Fz 🌟 The Asia Foundation reflects on its commitment to 'thinking and working politically,' an approach that emphasizes adapting to the complex network of interests within policy environments and prioritizing indigenous leadership over external solutions. 🔗 https://lnkd.in/gas4Trtz 🌟 Navigating the challenge of resource allocation and support for community-based organizations in the Global South can be complex, as highlighted at TAI’s recent Learning Days. The Bridgespan Group makes the case that philanthropic collaboratives can provide much-needed support. 🔗 https://lnkd.in/e_hagh4H 🌟 Philea Forum 2024 facilitated discussions on practical strategies and innovative approaches to bolster philanthropy's pivotal role in fostering trust within democratic systems, institutions, and across generations. 🔗 https://lnkd.in/g9eZ-ktm Explore these insights and join the conversation on how we can collectively enhance the impact of philanthropy globally! #Philanthropy #SustainableDevelopment #CommunitySupport #GlobalSouth #IndigenousLeadership #DemocraticTrust Emilia González Carmona Jaime Faustino Nicola Nixon Sonali Patel Alexandra Hughes Browne Gayle Martin Zachary Slobig Philea - Philanthropy Europe Association

Beyond Charity: Youth and the New Frontiers of African Philanthropy (3/3) Previously, we explored African philanthropy's roots in Ubuntu and women's crucial role. Now, let's examine the emerging frontiers revealed at the recent African Philanthropy Conference. Now, let's delve into the emerging frontiers revealed at the recent African Philanthropy Conference. The conference highlighted new pathways for giving on the continent, with a particular focus on youth leadership. These emerging practices are reshaping the landscape in profound ways. Despite their small size, youth-led grassroots organisations are redefining development trajectories in African communities. From climate change adaptation to leveraging technology for development and human rights advocacy, they're driving change at the local level. However, their journey is not without challenges. Many face underfunding, institutional co-opting, and exclusion from established philanthropic networks. There's often a disconnect between funders and the on-the-ground realities these young leaders navigate daily. A key recommendation emerging from the conference is the concept of co-leadership. This approach recognises that relationships between funders and young social-impact leaders should not be top-down. Instead, it advocates for a mutual exchange of knowledge and ideas. Tade Aina's keynote address emphasised the need for Africans to reclaim their identities as givers and community builders. He highlighted how philanthropy in Africa is transforming due to global changes, technological advancements, and economic shifts. While acknowledging the importance of metrics and technology, Aina stressed that the core value of philanthropy should remain improving human lives. He called for a balanced approach that leverages modern tools while maintaining human-centered values. There's a need to recognise the limitations of purely transactional giving and to focus on building resilience in marginalised communities. To create sustainable and impactful philanthropic initiatives in Africa, we must bridge the gap between institutional and grassroots approaches, create inclusive platforms that bring youth-led organisations into philanthropic networks, develop mentorship programs that facilitate knowledge exchange. But also, invest in capacity building for youth-led initiatives, focus on financial and organisational sustainability. Lastly, encouraging research on the impact of youth-led philanthropic efforts in Africa will provide valuable insights for the sector. As we stand at the threshold of these new frontiers in African philanthropy, the key lies in harmonising diverse approaches. The future of African philanthropy should not only be impactful but also truly representative of the continent's rich diversity and potential. #AfricanPhilanthropy #YouthLeadership #TechForGood #SustainableGiving #PhilanthropicInnovation