The collective action approach was developed because funders knew they needed to do more. They needed to better support grantees, collaborate with the private sector, and assist with local and national government initiatives (like getting the world’s youth to stop smoking). Today we see philanthropy stepping up to the plate (collaboratively) to support a myriad of different initiatives across the social, private, and government sectors.
The philanthropy industry isn’t touted as fast-paced. It’s a fractured network that’s existed for thousands of years – supporting various societies throughout history. But philanthropy is changing as a swell of funding collaboratives knit together worldwide. As we continue to make strides towards improving industry collaboration, foundations are walking the talk and collaborating more deeply with each other to affect years-long (sometimes even permanent) change. They’re joining forces, pooling funds, forming important relationships throughout the sector – all in the name of wider and more immediate impact.