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Philanthropy: Risk and Reward

It is incredibly rewarding to observe and participate in the growth and evolution of the for-purpose sector.  We at People for Purpose are particularly interested in the development of philanthropy and its role in providing risk capital, which can lead to outstanding social returns.

Given our commitment to improving the capability and performance of the for-purpose sector, we feel privileged to have recently worked with several organisations to help strengthen philanthropy in Australia. These have included: 

  • The Paul Ramsay Foundation, in finding them a General Manager to support their commitment to identifying root causes, and finding scalable, strategic and innovative solutions to bring about systemic change.
  • The Myer Family Foundation (MFCo) to find a Client Manager who exist to develop and implement bespoke private wealth strategies for families, trusts and charitable organisations.
  • Australian Philanthropic Services in their search for a Client Service Manager and Grantmaking and Evaluation Manager to further strengthen their mission to inspire and support effective philanthropy, and provide education for individuals and advisers.

Organisations within this sector are having to respond to increasing pressure when it comes to impact measurement and reporting (and yes it has an important role to play), but we love the philanthropist who will take a calculated risk and throw money at a challenge or opportunity without the acquittal requirement. 

 

Rachael McLennan,  People for Purpose Co-founder and Executive Director

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