Our strategic pillars have shaped our program initiatives. These programs facilitate and fuel collaborative action across key SDG areas vital for GEDI (Gender, Equity, Diversity, Inclusion).
India faces a substantial shortfall in social sector funding, with an estimated deficit of ~INR 12.4 lakh crore (USD 152 billion) by 2027. While the public sector currently bears the brunt of social sector expenditure, government finances are likely to be constrained due to various factors such as budget deficits, increased debt burden from the pandemic, and rising crude oil prices. Consequently, there's a pressing need for private philanthropy to step in and bridge this funding gap.
The Catalytic Philanthropy vertical focuses on strengthening philanthropic endeavours by providing advisory services to funders, capacity-building support to non-profit organizations, and generating research insights to drive informed decision-making. This includes assisting funders in refining their giving approaches, supporting NGOs in enhancing their operational capacities, and conducting research to identify sectoral needs and opportunities for impact.
In the fiscal year 2022-23, the Catalytic Philanthropy vertical made significant strides, advising 36 funders, supporting 44 NGOs, raising INR 93 crores in funds for Indian NGOs, launching 7 knowledge products, and co-organizing 2 forums. By leveraging insights and fostering collaboration within the sector, the vertical aims to unlock philanthropic capital and drive sustained positive impact. Additionally, the team continuously seeks to innovate and expand its efforts, exploring avenues such as district-based philanthropy models and insight-led convenings to address emerging challenges and opportunities in India's philanthropic landscape.
India faces a substantial shortfall in social sector funding, with an estimated deficit of ~INR 12.4 lakh crore (USD 152 billion) by 2027. While the public sector currently bears the brunt of social sector expenditure, government finances are likely to be constrained due to various factors such as budget deficits, increased debt burden from the pandemic, and rising crude oil prices. Consequently, there's a pressing need for private philanthropy to step in and bridge this funding gap.
The Catalytic Philanthropy vertical focuses on strengthening philanthropic endeavours by providing advisory services to funders, capacity-building support to non-profit organizations, and generating research insights to drive informed decision-making. This includes assisting funders in refining their giving approaches, supporting NGOs in enhancing their operational capacities, and conducting research to identify sectoral needs and opportunities for impact.
In the fiscal year 2022-23, the Catalytic Philanthropy vertical made significant strides, advising 36 funders, supporting 44 NGOs, raising INR 93 crores in funds for Indian NGOs, launching 7 knowledge products, and co-organizing 2 forums. By leveraging insights and fostering collaboration within the sector, the vertical aims to unlock philanthropic capital and drive sustained positive impact. Additionally, the team continuously seeks to innovate and expand its efforts, exploring avenues such as district-based philanthropy models and insight-led convenings to address emerging challenges and opportunities in India's philanthropic landscape.
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