Talking Philanthropy 2024, organized by Global Philanthropic under the theme 'Strategic Philanthropy: The Next Generation,' convened over 1,000 philanthropists, nonprofit leaders, academics, and policymakers to promote open dialogue and map out a dynamic future for effective giving.
The event featured notable speakers such as Ban Ki-moon, the 8th Secretary-General of the United Nations, Lady Edwina Grosvenor, Chair of the Global Philanthropic Advisory Board, and H.E. Badr Jafar, Special Envoy for Business and Philanthropy from the UAE. These influential figures highlighted innovative strategies to empower the next wave of philanthropists.
In his keynote address, Badr Jafar drew attention to the anticipated $83 trillion intergenerational wealth transfer over the next two decades, emphasizing the need for stronger networks, governance systems, and data-driven approaches. Jafar stated: 'As this significant wealth changes hands, the next generation of philanthropists has the potential to tackle society's most urgent issues, from climate change to economic disparities. By fostering trust, enhancing collaboration, and developing innovative frameworks, we can ensure that philanthropic capital truly makes a positive impact.'
He also highlighted the UAE's role in catalyzing strategic philanthropy: 'The UAE is ideally situated to act as a global philanthropy hub, capitalizing on its strategic location, entrepreneurial spirit, and progressive governance. By establishing world-class networks and infrastructure, we can cultivate an environment where giving flourishes, transcending borders and maximizing impact.'
The forum delved into how regions like Asia and the Middle East are influencing the future of global giving. A dedicated session on 'Next-Generation Philanthropy in the Middle East' showcased the UAE's initiatives to unite stakeholders—ranging from family offices to academic institutions—under a common vision for sustainable impact. Speakers underscored the unique opportunity to equip the next generation of philanthropists with the necessary tools, networks, and governance frameworks to address global challenges.
Jafar emphasized the significance of robust governance, transparency, and data: 'Without evidence and measurable outcomes, even the best intentions fail. Therefore, we must prioritize building better philanthropic governance frameworks and invest in data-driven practices to guide effective decision-making.'
Talking Philanthropy 2024 concluded with a collective pledge to enhance global collaboration across sectors, ensuring that the next generation is well-prepared to navigate the rapidly changing philanthropic landscape.
Source link: https://www.khaleejtimes.com
