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Unlike previous years, 2021 has witnessed significant changes in daily people’s activities. Philanthropy faces substantial changes due to increasing wealth parity, gender inequality, racial injustices, Covid-19, and political instability across nations. 2020 played a significant role in shaping the 2021 philanthropy trends. However, much as these factors impacted philanthropy negatively, there are positive lessons that organizations picked up that have shaped the sector positively.

 

The centrality of diversity, inclusion, and equity

Due to the Coronavirus, racial injustice, and economic instability, there has been an increase in the need to focus attention on radical philanthropic issues. On the other hand, there has been increased companionship and partnership with organizations that partake in these injustices. The action arises from the low funding allocated to philanthropic sectors, which forces them to comply with organizations that contradict their ideals. However, as more activists take center stage to bring these issues to light, philanthropists are likely to channel their efforts into the problems in 2021.

 

Change in crisis grants

The covid-19 situation is one of the least expected pandemics the world has ever faced. A majority of philanthropes and philanthropic organizations were not prepared for the ravaging effects of the virus. However, they have picked up lessons, and philanthropy in 2021 will evolve to sustain the needs brought about by the Covid-19 crisis. The sectors most likely to receive a boost include medicine, food, clothing, and shelter.

 

Building public trust

The ability of the nonprofit sector to provide solutions after a year filled with challenges is likely to build on its profile and the people’s perception. Several philanthropic organizations have been accused of exploiting people’s challenges to benefit themselves. During such crises, the organizations have stepped up to provide solutions, gain public trust, and improve their accountability.

 

Diversification in decision making

The challenges posed by the year 2020 are numerous, from Covid-19 to social injustices and political instability. Leaders in the philanthropic sector ought to make decisions that mitigate or eliminate these problems. Therefore, most organizations have adopted an open-ended approach in decision making, outsourcing as many opinions to inform their judgment as possible. The varied opinions guide the innovation process, as it is only through innovation that philanthropists can implement practical solutions. The move is not only ethical but provides a strategic advantage in the philanthropy sector.

Khoa-Nathan Ngo