2024 Predictions for Philanthropy & Civil Society - Part 1

Dec 14, 2023

In this podcast, the hosts discuss predictions for philanthropy in 2024, including the impact of a global economic slowdown and elections, the decline in overall giving, and the need to rethink fundraising strategies. They explore the evolving landscape of philanthropy, touching on the ethical dilemmas of supporting conflicting causes and the rise of spirituality in giving. The podcast also delves into ongoing criticisms of philanthropy, the tension between donor and recipient organizations, and various trends and challenges in the charity sector.

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INSIGHT

Economic Slowdown and Charity Finances

The current macroeconomic context is unfavorable, pointing towards a global economic slowdown or recession.
This will likely intensify pressure on charity finances and potentially depress donations.

INSIGHT

2024: A Pivotal Year for Democracy

2024 will be a pivotal year for democracy with major elections worldwide, including in the UK and US.
The US election poses significant concerns due to the potential re-election of Donald Trump and his authoritarian rhetoric.

INSIGHT

Right-Wing Populism and Immigration

The rise of right-wing populism and nationalism, exemplified by election wins in Argentina and the Netherlands, is concerning.
Immigration is a major political issue, requiring nuanced solutions from centrist and left-wing parties.

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As is now tradition, in our final episode of the year we take a look at some of the key themes and trends in philanthropy and civil society right now and offer some thoughts on what 2024 might bring. In this first of two parts, we explore developments in the wider political and economic landscape, as well as taking a deep dive into what to expect in philanthropy, everyday giving, grantmaking and the nonprofit sector. Including:

Given the number of major elections worldwide, and the ongoing rise of political populism, will 2024 be a pivotal year from democracy?
Will there be further attempts to roll back hard fought aspects of social progress?
Will be see a global economic slowdown, or recession?
Is there a danger of climate becoming politicised as an issue at the exact moment we need more concerted action?
Will we move from talking about a decline in giving to taking action to address the challenge?
Will we see further focus on the need to broaden our understanding of philanthropy and to learn from other cultures?
Are concerns about the risks of allowing philanthropy to become 'platformised' going to become more acute?
Will giving in response to conflicts test the limits of what we are willing to count as philanthropy?
After a long period in which “efficiency” and “rationality” has been emphasised, are we seeing people reclaim the importance of "heart" in philanthropy?
Will we see more criticism of billionaire wealth? What will this mean for elite philanthropy?
Will the continued emergence of next gen donors start to shift philanthropic norms?
Will the rise of China and India start to shift the centre of gravity of global philanthropy?
Will we see more instances of donors withdrawing support for recipients over disagreements about positioning on contentious issues?
Will we see a shift in debates about tainted donations, with more emphasis on accepting money as a default?
Will we see the idea that companies can combine profit with purpose come in for further scrutiny (or criticism)?
Will the continuing loss of infrastructure start to put a strain on the charity sector?
How will traditional charities and funders respond to the growing prominence of social movements?

Related Links:

WPM article series on the nature and role of foundations
WPM guest article from Natasha Friend on embracing emotion in philanthropy
WPM article on Leah Hunt-Hendrix and "radical philanthropy"
WPM article, "What is Philanthropy For?"
Reflections on the Gates Foundation 2023 Greater Giving Summit
Philanthropisms podcasts with Joshua Amponsem, Sara Lomelin and Elizabeth Barajas-Román