Sector calls on funders to advance trust-based philanthropy and reciprocal relationships
Despite recent advancements in trust-based philanthropy, Canadian non-profits and charities have still warned of some current practices that “put public benefit missions at risk.”
In an open letter published on Oct. 6, several organizations are asking for trust-based philanthropy to reduce the administrative burden on non-profits and charities, commit to flexible, multi-year funding, and “reciprocal data relationships with grantees.”
Signatories—including the Tamarack Institute, the Canadian Community Economic Development Network, SETSI, and Vantage Point—have pointed out that there are “one-sided funding practices [that] harm communities.”
In particular, they say that sudden shifts in funding priorities are often not communicated by funders to grantees, leaving non-profits to scale back or shutter their programs altogether.
Trust-based philanthropy gives grantees more power to decide where funds should be applied, rather than traditional philanthropic models that specify the programs, services, and staff roles that funding should be used for.
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