Where Indian philanthropy has gone wrong: Rathish Balakrishnan

(Rathish Balakrishnan is co-founder and managing partner at Sattva. This column first appeared in Times of India on July 24, 2021)

  • The cost-based funding approach of Indian philanthropists does more harm than good for nonprofits and for their impact. From startups to micro, small, and medium enterprises (MSMEs), when one wants to foster scale and innovation, capital is often the first lever to consider—more credit, more investment, and flexible terms for accessing funding. In the post-pandemic world, nonprofits are going to be up against a wide range of problems, most of which cannot be solved by doing things as they were done before. More than ever, they will need innovation and scale to solve these different and new problems. Given this, we need to rethink the quantum and the nature of capital that nonprofits have access to. And, we need to consider whether it’s possible to shift how nonprofits are funded in the first place, so that they can do what they do more effectively…

Also Read: Where are India’s billionaires during the pandemic? – Vinati Sukhdev

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