The landscape of family foundation philanthropy is rapidly evolving, and Social Impact Advising Group has been observing the latest trends in this space. Here are some notable developments:
Collaboration: Recent years show an increased emphasis on collaboration among family foundations. Many are recognizing the power of joining forces to tackle complex social issues and are forming partnerships to maximize their impact.
Equity: Another trend is a growing focus on equity and inclusion in family foundation giving. More foundations are intentionally seeking out and supporting organizations that serve historically marginalized communities and are working to diversify their boards and staff.
Narrowing Focus Areas: Family foundations are becoming more strategic in their giving. Rather than spreading funds across a wide range of causes, many are zeroing in on a specific issue area and leveraging their resources to drive meaningful change in that space.
We’re thrilled to see these positive shifts in family foundation philanthropy and feel privileged to be able to work with our clients to help them navigate these trends and maximize their impact.
