homebusiness NewsWhy Philanthropic collaborations should thrive and lead the battle against COVID 19 crisis

Why Philanthropic collaborations should thrive and lead the battle against COVID-19 crisis

As India combats the COVID-19 crisis and its far-reaching effects, the advantages of collective action have never been more apparent.

By CNBCTV18.com Contributor May 19, 2020 1:27:27 PM IST (Published)


Authors: Pritha Venkatachalam and Kashyap Shah
Collaboration has been a critical multiplier of human endeavor throughout history. The same holds true in philanthropy, through which funders and change-makers aggregate capital, networks, and talent to pursue solving the looming climate, social, economic, and other challenges facing India. And as the nation combats the COVID-19 crisis and its far-reaching effects, the advantages of collective action have never been more apparent.
A recent report by The Bridgespan Group, Philanthropic Collaboratives in India: The Power of Many, investigates why social sector actors collaborate, what conditions give rise to impactful collaboratives in India, and how actors work together to overcome the barriers to amplifying social change. As part of its report, Bridgespan surveyed multiple stakeholders across 13 philanthropic collaboratives in India. The team later examined several newly formed collaboratives that have emerged in response to COVID-19.