A Transformative moment for philanthropy

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<namePart>Nowski, Tracy </namePart>
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<namePart>O'Flanagan, Maisie </namePart>
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<namePart>Taliento, Lynn </namePart>
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<abstract displayLabel="Abstract">The philanthropic response to the COVID-19 pandemic has shown the sector at its best. From the launch of community-based rapid-response funds to the development of diagnostics and vaccines, philanthropy is showing up both to help flatten the curve in the short term and to address the inequities the crisis will exacerbate over the long term. What's striking is not only the scale of capital being committed by major philanthropists (at least $10.3 billion globally in May 2020, according to Candid, which is tracking major grants) but also how it is being given: at record speed, with fewer conditions, and in greater collaboration with others. According to the Council on Foundations, almost 750 foundations have signed a public pledge to streamline grant-making processes, and individual donors are partnering with their peers to make sizable grants with less paperwork.</abstract>
<note type="statement of responsibility">Tracy Nowski, Maisie O'Flanagan, Lynn Taliento</note>
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