Philanthropy Leaders at Milken Conference Advocate for Greater Collaboration and Generosity
During the Milken Institute's Global Conference in Los Angeles, a panel of leaders from major philanthropic foundations discussed the future of philanthropy. The panel, titled 'Investing in Hope: Philanthropy for What’s Next,' included representatives from the McKnight Foundation, MacArthur Foundation, Blackstone Charitable Foundation, Mastercard Center for Inclusive Growth, and the Bill & Melinda Gates Foundation. The discussion emphasized the need for greater collaboration and a shift from a 'fixer' to a 'builder' mindset in philanthropy. Panelists highlighted the potential for increased generosity from ultra-wealthy individuals, given their significant wealth growth over the past decade. They also addressed the growing skepticism towards large institutions, including philanthropy, and the need to demonstrate measurable outcomes that positively impact lives.