A deeper look at the news, innovations, and shifts in philanthropy, funding, and giving, from the Future of Good editorial team.
The Community Services Recovery Fund could be of tremendous value to smaller charities and non-profits who need to modernize their operations, but it isn’t clear whether they have been thoroughly consulted on the Fund’s design.
Canada’s philanthropic sector holds at least $85 billion in assets, and that’s likely grown since COVID began. The stewarding of that money and the power imbalance it builds deserve scrutiny — and requires transformation, speakers agreed.
Modernization could mean a more digitally-savvy, better-funded, and more equitable non-profit and charitable sector capable of taking on the biggest challenges of the post-COVID era.
The Canadian philanthropic sector is embroiled in a debate about the disbursement quota — the rate at which foundations have to give to charity. Some argue it’s fine where it is — at 3.5 percent. Others argue that this rate is “starving” non-profits across the country. To understand the context for this debate, you need to understand the history.
The social sector is trying to tread water and build a lifeboat at the same time. As charities struggle with a drop in revenue from the COVID-19 pandemic, they are also trying to upgrade their digital processes, funding models, and HR practices.
Canada’s social impact sector needs more autonomy, control, and funding if it hopes to address major challenges coming out of COVID — from climate change to childcare.