5 ways social enterprise funders can act differently in 2021

Lior Ipp, World Economic Forum
Description / Summary

The profound economic and social devastation caused by COVID-19 has placed the world in uncharted territory. The fragility and inequality of core societal systems have come into sharp relief and the tools used to bolster them have been tested in unprecedented ways.

With recovery efforts in full swing, many organizations including the World Economic Forum’s COVID Response Alliance for Social Entrepreneurs are calling for a more urgent and intentional focus on “building back better”.

Amidst these efforts, many philanthropic institutions have revisited their funding strategies and priorities, committing billions of dollars and pledging to streamline and improve their funding processes. Indeed, the Alliance has highlighted five important actions that funders can take, including more collaborative, expedited and innovative models, that will move people towards a new normal.