Driving Impactful Philanthropy: Insights from the Philanthropy for Better Cities Forum 2024

At the Tanoto Foundation, we are dedicated to fostering meaningful change in our communities. Our participation in the Philanthropy for Better Cities Forum 2024 in Hong Kong, organized by the Institute of Philanthropy (IoP), reinforced this commitment. The forum brought together a diverse group of philanthropists, thought leaders, and social entrepreneurs united in the pursuit of impactful philanthropy.

As a global ‘think-fund-do’ tank, the IoP promotes thought leadership and collaboration by connecting leaders, sharing knowledge, building professional capacities, and commissioning relevant research. The IoP is poised to enhance the philanthropic landscape in Asia.

Collaborative Philanthropy

At this year’s Forum first plenary session, “Delivering Impactful Philanthropy in the Real World,” our CEO, Benny Lee, emphasized the need for philanthropic organizations to adopt a collaborative approach to philanthropy. He noted that true collaboration extends beyond financial support, incorporating knowledge, experience, and networks. Benny highlighted that tackling significant societal issues requires strong partnerships among public, private, and philanthropic sectors. He introduced a framework for examining the multi-dimensional aspects of impact, focusing on the critical questions of “who,” “how,” and “why” in measuring our initiatives.

In line with the theme of the forum, the Bridgespan Group launched their report, “High-Impact Philanthropy: Giving Better Across Asia and the World,” which highlights the vast potential for philanthropy in our region and encourages us to explore new avenues for enhancing our contributions.

Launching the Commission on Asian Philanthropy

Building on the momentum, a highlight of the forum was the launch of the Commission on Asian Philanthropy, co-convened by the IoP and the Asia Philanthropy Congress. As a Founding Commissioner, Tanoto Foundation is excited to contribute to this initiative aimed at elevating and professionalizing philanthropy across Asia. Over the next three years, the Commission will foster collaboration among leaders in philanthropy to drive research and generate insights tailored to our region’s diverse needs. We believe that harnessing the expertise of various stakeholders will lead to innovative solutions for pressing social challenges.

A Collective Commitment to Change

The insights from the Philanthropy for Better Cities Forum motivate us to collaborate with fellow stakeholders on our journey toward social good. We recognize that impactful philanthropy thrives on collaboration and shared knowledge. Inspired by the forum’s collaborative spirit, we are eager to implement the lessons learned in our ongoing initiatives.

Together, we can create a vibrant ecosystem for philanthropy in Asia, addressing immediate community needs while laying a strong foundation for sustainable, long-term change. As we move forward, the Tanoto Foundation remains dedicated to driving impactful philanthropy that fosters better cities and brighter futures for all.