The coronavirus (COVID-19) pandemic fast-tracked much-needed changes in the philanthropic sector, with funders increasing funds, providing more flexibility, and generally reducing the burdens on grantees.
“The question now is: Was that a blip or will this be sustained?” Phil Buchanan, president at the Center for Effective Philanthropy, said Thursday at a Devex event on the sidelines of the 76th United Nations General Assembly.
Some default behaviors were rethought during this time of crisis, panelists said. For example, philanthropists were more likely to give more unrestricted funding, increase their spending levels, and loosen restrictions for how the money was used. Still, further change is needed, they said.
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