{"id":3977,"date":"2022-05-23T11:16:27","date_gmt":"2022-05-23T11:16:27","guid":{"rendered":"https:\/\/six.stimulatingminds.co.uk\/?post_type=programme&p=3977"},"modified":"2024-04-02T11:48:09","modified_gmt":"2024-04-02T11:48:09","slug":"risk-legitimacy-and-philanthropy","status":"publish","type":"programme","link":"https:\/\/socialinnovationexchange.org\/legacy\/programme\/six-funders-node\/retreats\/risk-legitimacy-and-philanthropy\/","title":{"rendered":"Risk, legitimacy and philanthropy"},"content":{"rendered":"\n
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Risk, legitimacy and philanthropy<\/h1>\n\n\n\n

September 2019, Wasan Island, Muskoka Lake, Canada<\/p>\n\n\n\n

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In an era where the legitimacy and authenticity of foundations is being questioned, how can we encourage the philanthropic sector to take more risks?  <\/p>\n<\/div>\n<\/div>\n\n\n\n

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Context<\/h5>\n\n\n\n

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Foundations all over the world are grappling with their role in the emerging field of data and artificial i Many leading foundations want to establish new more explicit ways of talking about risk in their organisations and with their boards \u2014 or indeed, self imposing risks that would enable them to address bigger issues and have more transformative impact. If funders want to have deep, systemic impact, their notion of risk needs to change. This must align with the dialogue on the roles, legitimacy, and the effectiveness of funders, which is gaining momentum within and beyond the sector<\/p>\n\n\n\n

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About the retreat<\/h5>\n\n\n\n

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Building on our work on risk and systems change in 2018,, SIX brought another global funders to dive deeper into the culture of risk in philanthropy, exploring three types of risk: calculable risk, positive risk and existential risk. Many foundations are still risk averse, despite operating with fewer constraints compared to other sectors. This retreat was rooted in the belief that foundations should spur more innovation to achieve transformational change by supporting each other to take more risks.<\/p>\n\n\n\n

We explored:<\/p>\n\n\n\n