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| Name | Devex World 2020: How Tech and Philanthropy are Transforming Development |
| Video Uploader | Video From Devex |
| Upload Date | This Video Uploaded At 11-12-2020 18:32:24 |
| Video Discription | How can organizations attract investment from philanthropists and use those funds effectively? Alexandria Lafci, chief operating officer at New Story, Dr. Precious Moloi-Motsepe, chief executive officer at the Motsepe Foundation, and Neil Buddy Shah, managing director at GiveWell, speak about what they find to work. • One way to bring in funders is to make a strong link to the long-term impacts of an intervention, such as improved education or health, Lafci says, rather than focusing only on the immediate benefit, such as access to housing. • Coordination is key in philanthropy. When an organization is directing philanthropic funds to a program, it's crucial that its efforts are not crowding out other funders who are also working on the same interventions – leading to a lower overall impact, Shah explains. • Having public philanthropic pledge drives can also be a way to push people to donate, creating a ripple effect, says Moloi-Motsepe. • When working to leverage funds with high-impact solutions that might have some risk, such as targeting policy changes, it's important that there is a high bar and an understanding that these risks might come at the opportunity cost of not investing in existing cost-effective, proven solutions, Shah adds. • But too much risk aversion is also a problem in philanthropy, meaning that worthwhile efforts are not funded, Lafci said. “We need to have more risk tolerant capital earlier on in the process,” she said. For more international development news, visit: http://www.devex.com Subscribe to the Devex YouTube channel: http://www.youtube.com/subscription_center?add_user=wwwdevexcom |
| Category | News & Politics |
| Tags | International | Development | Devex |
