Unless foundations are bold,they merely paper over societal cracks rather than changing lives for the betterThe news that giving by the UK’s top 300 charitable foundations has increased year-on-year to £2.5bn is a welcome chink of light amid the gloom of public sector spending cuts. But a modern study into what foundations fund says more should support innovative or risky projects whether they want to tackle the root causes of social problems and not just plug funding gaps.
The report by Cass Business School’s Centre for Charitable Giving and Philanthropy (CGAP) examined how much philanthropic foundations are contributing to support research and innovation. While research is widely funded, only just over a third of respondents fund innovation. Continue reading...
Source: theguardian.com