Foundations and philanthropists play a critical role in advocating for social progress. Both are uniquely positioned to support research, drive policy change, and invest in grassroots organizations working to create a more just and equitable world.
Many successful entrepreneurs like FHE Health President Sherief Abu-Moustafa believe an entrepreneur must be a community leader and create this progress. This article will explore seven ways in which they can get involved and make social change.
1. Funding research that supports social change
Funding research is one of the essential things foundations and philanthropists can do to promote social progress. Research can help us understand the root causes of social problems and identify solutions that have the potential to make a real difference.
When it comes to social issues, it’s often difficult to know where to start. But by funding research that investigates these problems, we can better understand what needs to be done to address them. This type of research can also help us learn more about the effectiveness of different interventions and solutions to make more informed decisions about how to spend our resources.
2. Supporting grassroots organizations
Grassroots organizations are often at the forefront of social change. Grassroots organizations are typically small, community-based groups that work on issues affecting their members. They deeply understand the problems they’re trying to solve and are highly effective at mobilizing people to take action.
Foundations and philanthropists can support grassroots organizations by funding their work, amplifying their voices, and connecting them with other allies. They can also promote and attend their events and use their platform to elevate the issues they care about.
3. Driving policy change
Foundations and philanthropists can influence policy by working directly with policymakers or funding organizations that do this work. Policy change can be a powerful tool for promoting social progress, like in the case of the recently passed Families First Coronavirus Response Act in the United States. This law provides paid sick leave and free coronavirus testing for American workers, helps families with food insecurity and gives low-income children free school meals.
Foundations can also help to shape public opinion on critical social issues. By funding research and supporting grassroots organizations, they can provide the data and stories that help make a case for change. And when foundations use their voices to speak out on these issues, it can have a significant impact.
4. Investing in social entrepreneurs
Social entrepreneurs are individuals who develop innovative solutions to social problems. They often start organizations or businesses that aim to create positive social change. Sherief Abu-Moustafa advises foundations and philanthropists can support social entrepreneurs by investing in their work, mentoring them, and connecting them with other resources. Doing so can help these changemakers scale their solutions and have a greater impact on the world.
5. Educating others
One of the most essential things foundations and philanthropists can do to promote social progress is to educate others about the importance of giving back and working for social change. Foundations can educate their grantees, staff, and board members about the power of philanthropy to make a difference in the world. They can also work to raise public awareness about social issues and the role that philanthropy can play in addressing them.
6. Collaborating with others
Collaboration is key to creating social change. Foundations and philanthropists can collaborate with businesses, government, and other stakeholders to develop more effective solutions to social problems.
IBM and Apple worked together on the Talking Screen project to create a system to help people with blindness or low vision use computers. The project used voice recognition software to help people navigate their computer screens. This was a great example of collaboration between companies for a social cause.
7. Leading by example
Foundations and philanthropists can also lead by example in their work. Sherief Abu-Moustafa believes they should model the type of giving they want to see in the world and set an example for others to follow.
Foundations and philanthropy play a vital role in advocating for social progress. By working to create change through policy, research, grassroots organizations, and more, they can help make the world a better place for everyone.