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In this episode we talk to Sonal Sachdev Patel, CEO of GMSP Foundation, inaugural Philanthropist In Residence at the Marshall Institute at the London School of Economics & Political Science (LSE) and executive coach working with philanthropists and senior leaders. In a wide-ranging conversation, we discuss:
- How did the LSE Philanthropist in Residence role come about? What is the aim of the role, and what are the key insights so far?
- How did Sonal and her family get started in philanthropy, and what shaped their approach?
- What can philanthropists bring to the table beyond money?
- How do philanthropists use their skills with the required humility?
- How useful is access to a philanthropist’s networks for grantees?
- Do Next Gen wealth holders have distinctive characteristics when it comes to their attitudes towards philanthropy, or their methods of doing it?
- How valuable is it for Next Gen donors to be able to meet like-minded peers?
- What are the rewards and challenges of giving as a family?
- What sort of due diligence and relationship building do you have to do to be able to fund in a trust-based way?
- What kind of advice is necessary or useful for people when starting out on their philanthropy journey?
- Is it currently easy enough for existing and potential donors to access good advice about philanthropy? How can we improve this?
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