Philanthropy refers to the practice of giving money, time, or resources to causes that benefit society. At its core, philanthropy is driven by a desire to create positive social change and address pressing issues facing communities. Increasingly, philanthropy is being viewed as a powerful catalyst for social innovation - developing new solutions to society's most intractable problems.
Philanthropists and foundations are using their resources in innovative ways to drive systemic change. Rather than just providing funds, they are investing in research, piloting new models, and spreading effective practices. By taking risks and supporting unconventional approaches, philanthropy creates spaces to spearhead social innovation.