Responding To Crisis With Philanthropy

Geopolitical tensions and uncertainty have emerged as the new norm, and public, private, and philanthropic actors need to better equip themselves to confront emergency situations in the near and intermediate future, as well as collaborate more closely to address the interconnectedness and complexity of such crises.
Discover the Power of Digital Wealth Management, Seamlessly - with Altoo. Platform Preview.

The devastation and scale of human suffering are unimaginable to many of us. Because people obviously feel the need to help at a critical time, it is important to know how and where to direct the help so that it is effective. How can we provide targeted support to those in desperate need?

 

Immediate and Effective Giving

First of all, it is necessary to distinguish between immediate funding or giving and long-term help, which is known as philanthropy. Both operations are aimed at protecting the vulnerable in an environment in which there is an overwhelming amount of emotion and information.

Regarding the immediate needs, the best partners to get in touch with are the charities. They are equipped to provide support and understand the prior needs of people. As well, they have existing infrastructure that allows them to mobilise action quickly. 

Donating clothing is not always a priority; transferring and distribution take too long. When time is of the essence, financial donations can arrive within minutes. Sending money to a trustworthy charity is the most efficient and effective way to distribute aid.

Your Wealth, Our Priority: Altoo's Consolidation Power, Secure Document Management, and Seamless Stakeholder Sharing for High Net Worth Individuals. Preview Platform.

 

Medium-term Assistance for Changing Needs

As the crisis develops, people require different types of support. It might be helpful with the transfer or a safe stay abroad. The refugees travel and begin to settle outside their homeland. They are likely to be traumatised in a country that they do not know and without family around them. To illustrate, as of the time of writing, the New York Times records that Ukraine was home to 37 million inhabitants. As a consequence of the conflict that emerged in 2022, 11.4 million individuals have been obliged to leave their homes. Children and women comprise the majority of the 4.4 million refugees who have fled to other countries. There might be obstacles related to language proficiency, discrimination, child protection, assimilating into unfamiliar educational institutions and societies, securing employment, and overall integration. In such a case, any kind of help to overcome what is probably one of the toughest life situations is welcome. The local organisations in the place of residence are the best choice. They are working directly with beneficiaries on important issues. Sharing resources and intelligence is rewarding and engaging.

 

Long-term Challenges 

The basic question concerning the long term philanthropic strategies is how we might reduce the likelihood of similar tragedies happening again. Strategic philanthropists seek to build institutions that contribute towards peace, freedom, human rights, and equality. Philanthropy can contribute by funding the building and collation of evidence and convening organisations and individuals to share insights across sectors. It can communicate these findings to appropriate audiences. Philanthropists can use their voice, as well as their time and money, to advocate for change and demonstrate practical agency.

The most important key in the whole helping process, whether immediate funding or long-term help, is to stay informed. Following the news channels, reports from the sites or social networking accounts complete the story and may be an important guide within the decision-making process. And, of course, it is necessary to think carefully about the sources of information. By regularly reassessing the political and humanitarian landscape, you are best placed to partner with the organisations that are doing the most good.

We think you might like

There is a simple assumption that philanthropy is generally sensible, inherently good, and deserves applause. But what if it does not generate a favorable impact or outcome? Good intentions do not mean philanthropy is done well.
In the face of increasingly frequent crises, there are growing calls around the world for a reorientation of philanthropy. What are the implications for foundations and other philanthropic organisations, and what trends and challenges are they facing?
Philanthropy can be an inspiring and empowering way to use wealth for social impact. But it can also be a complex landscape to navigate, which is why working with a professional philanthropy advisor can make all the difference. The right advisor can not only help you align your philanthropic interests with your strategic goals but also provide access to opportunities and organizations that can maximize your impact.

In case you missed it

The Lauder Foundation is a prominent philanthropic organization based in New York City. Established in 1987 by Leonard A. Lauder, son of cosmetics entrepreneur Estée Lauder, and his wife, Evelyn, the Foundation has made significant contributions in a variety of areas, including education, arts and culture, Jewish causes, and disease research. With a focus on supporting organizations that align with its founders' personal interests, the Lauder Foundation has played a critical role in fostering positive change in the community.
Altoo: Secure Swiss Professional for Consolidated Assets and Document Management. Platform Preview.

Insights On Wealth Management And More.

Delivered To Your Inbox.
Left Menu Icon