Welcome to the fourth Alliance Audio.
In this podcast Alliance editor Charles Keidan hosts a discussion with Dan Corry, chief executive of New Philanthropy Capital, and Paul Streets, the chief executive of the Lloyds Bank Foundation.
The value of foundation grants to the voluntary sector now exceeds grants made by government; this makes foundations potentially powerful forces for good in society.
Yet Dan Corry and Paul Streets argue that foundations are falling short in two main areas - the power which grantees have and the lack of core funding, specialist staff and office space. They comment on the need for foundations to be bolder in speaking out and acting as agents of change themselves.
The discussion touches on the transparency of foundations, the level of support they give to grantees, the importance of core funding, and the current state of trust across philanthropic institutions.
