Trust is Key in Revolutionizing Grantmaking
The Philanthropy Sector has evolved significantly and continues to do so, characterized by the emergence of new players, innovative giving vehicles and revolutionary strategies. As the sector evolves, the sector players are under pressure to evolve strategically, and enhance their effectiveness. The discussions held during the #2024GrantmakersSummit on 8th – 9th July, 2024 in Nairobi underscored the importance of adeptly navigating the complexities of an evolving global landscape which necessitates a proactive and reflective approach in our endeavors, ensuring that strategies are responsive to prevailing conditions and anticipate future shifts. To drive the point home, Ms. Susan Njambi Odongo, the Summit Moderator shared with delegates a thought-provoking African proverb “If the rhythm of the drum changes, the dance steps ought to change”
One of the key issues vividly emphasized was the need for trust building. This is a mutual endeavor between grantmakers and grantseekers however, for it to happen, the grantseekers will need to earn the trust by embracing self-regulation, community participation in initiatives (co-creation of ideas), timely accountability and reporting by leveraging technology among others. On the other hand, grantmakers will need to embrace flexibility, openness and a more empathetic approach that values the insights and inputs of grantees. By fostering relationships built on mutual respect and understanding, grantmakers can more effectively address systemic inequities and unlock the potential of underrepresented communities.
Implementing multi-year, unrestricted funding is a desired strategy if we are to build sustainable communities. The game changer however, is trust. Therefore, building institutions and systems is imperative as they come in handy to protect the organizations in an event that mistrust arises. Having systems in place not only brings order but also ensures that organizations are attractive. It was also emphasized that empathy ought to be at the heart of funding i.e the rules and demands of grantmaking need to be informed by realities on ground. Grantmakers thus need to maintain an awareness of the grantees challenges and opportunities by prioritizing meaningful interactions. This will then enable the grantmakers to tailor their support in the most impactful ways, fostering a cooperative environment where innovative ideas can emerge and thrive.
“Our relevance will not only be created by the grants we give or receive but the impact we create in our various constituencies. This will earn us the trust from grantmakers, the community and other key stakeholders” – Mr. Eric Kimani, Board Chair – East Africa Philanthropy Network (EAPN)
Robert Ninyesiga is a Contributor to this article.
