By studying the impact of India’s leading philanthropists, effective practices in social change emerge and can be replicated. The burgeoning philanthropy market can start to enact real change in the country.
- Most philanthropy in India is in its infancy and follows a “give back” rather than a “solve social problems” approach.
- To effect lasting social change, Indian philanthropists can begin to shift to a catalytic philanthropy model.
- Catalytic philanthropists in India follow four practices: they focus and use data to drive systemic change, collaborate across sectors, use multiple tools, and measure and learn continuously.
Catalytic Philanthropy is a term coined by FSG that refers to innovative practices that have the potential to catalyse social impact at scales that far eclipse the amount of financial resources invested – just as in chemistry, the addition of a small amount of catalyst causes or accelerates a much larger chemical reaction.