Cambridge Judge Business School Annual Report 2020-21

CAMBRIDGE CENTRE FOR STRATEGIC PHILANTHROPY

April 2021 Contents

A Message from the Director of Cambridge Judge Business School 5 Executive Summary 10 Professional Associations 14 Building a World-leading Research Pipeline 22 Executive Education Programme 35 Meet the CSP Team 38

2 3 A Message from the Director of Cambridge Judge Business School

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We remain incredibly grateful to Badr Jafar for his leadership support in establishing the Centre for Strategic Philanthropy. I am personally very proud of what the Centre and its team have managed to achieve since its official launch. In a very short space of time, the Centre has made a name for itself on the global stage and we couldn’t have done this without Badr's vision and support as our founding patron; we'd like to express our gratitude to him. I am confident the Centre will go on to achieve great impact in the coming years and I am excited to see its progress go from strength to strength.”

Professor Christoph Loch Director, Cambridge Judge Business School

6 7 On behalf of Cambridge The Centre’s launch last year Through interviews conducted pilot of this programme is scheduled Judge Business School (CJBS), coincided with some of the most with two dozen Global South for June 2021 and the CSP has I wish to express my deep challenging and turbulent times organisations and foundations already finalised two case studies (one on the Middle East and one on gratitude to Badr Jafar for his in living memory. The spread of during the pandemic, and an COVID-19 across the globe has analysis of secondary data, the South East Asia) to support this. generous founding donation posed significant and unforeseen Centre has produced its first Additionally, the Centre has to establish the Cambridge challenges; countries around the publication, Philanthropy and reached out to a wide range of Centre for Strategic world in lockdown, international COVID-19: Is the North-South global stakeholders and worked Philanthropy (CSP) within travel all but ceased, health services Power Balance Finally Shifting? It with relevant institutions and under extreme pressure and daily is a 90-page industry report on the CJBS. practitioners in our targeted life that continues to be restricted. current state of philanthropy in its regions, building relationships The Centre is dedicated to examining Within Cambridge, University core markets and the operational and encouraging collaboration strategic philanthropy within and buildings have closed, and teaching challenges associated with COVID-19 and the sharing of knowledge and from the world’s highest-growth and events moved to online and the North-South power insights. Through a series of online markets, including Africa, developing platforms. dynamic. Further, the Centre has events and networking activities, Asia and the Middle East, at a time defined an ambitious pipeline of Despite these challenging the Centre has worked to convene when philanthropy’s role in building research that will be relevant to circumstances, the Centre has diverse voices advancing the global social and environmental resilience individuals and institutions on the worked hard and we are proud of understanding and practice of is increasingly essential. Through a supply side, as well as the demand the contributions already made to strategic philanthropy. In a short combination of rigorous research, side, of social change. The Centre the philanthropic environment. At period of time, the Centre has executive education and the has also recently been published in the end of its first year of activity, it is built an international profile that convening of diverse stakeholders, the Stanford Social Innovation Review important to reflect on the Centre’s is already leading to unsolicited the Centre aims to become for an article submitted about the achievements in its key areas of opportunities of partnership. the leading hub of actionable COVID-19 report. activity. knowledge to catalyse even greater Detailed planning is now underway The Centre has designed an philanthropic impact from the for our second year. Capitalising on Executive Education programme, world’s fastest growing regions. the strong foundation created in year 'Strategic Philanthropy in Emerging one, the Centre is looking forward Markets: Maximising Impact', to to informing and strengthening the help all those working in or with the broader philanthropic ecosystem. philanthropic sector in emerging markets to navigate a plethora of new thinking, lexicon and best practice. This is a unique, bespoke programme that caters specifically to the practical needs of sector professionals and sectoral trends, Professor Christoph Loch which include not only the growth Director of Cambridge Judge in capital coming to market but also Business School the increasingly hybrid nature of the sector, the demand for greater transparency and accountability, greater scrutiny around impact, and calls for more efficiency through From left to right: Professor Christoph Loch, Director of CJBS; Badr Jafar, Chief Executive collaboration and partnerships. The Officer of Crescent Enterprises; Professor Stephen Toope, Vice-Chancellor of the University of Cambridge

8 9 From the Executive quickly gain traction while building Director a brand and delivering some preliminary analysis and insights The Centre’s launch could not have (in the absence of travel) that could been more timely as it coincided guide its operational direction. with the onset of the COVID-19 After just 12 months – and indeed a pandemic and subsequent renewed year wrought with challenges, both interest in philanthropy – notably as logistical and existential – we have a source of rapid response capital – Executive Summary been able to deliver 13 of the 16 as a means of bringing innovation deliverables envisioned for Year One to entrenched socio-economic of the Centre’s operations as per the global challenges. Indeed, COVID-19 Strategic Plan. We have resourced up was something of an epiphany the team, built a global brand and for the sector, highlighting both engaged philanthropic practitioners its potential but also the need for and funders from across the globe; change, with the realisation that we are now sought-after to speak emerging markets would be hit at events, partner in projects and hardest. As Cambridge University speak authoritatively on the impact went into lockdown and the of COVID-19 on philanthropy. We world ground to a halt, the need have further published an article on for a rapid understanding of how our COVID-19 report in the Stanford to mobilise more philanthropic Social Innovation Review and have capital with increased efficiency already finished two case studies and effectiveness was essentially to support our Executive Education embodied in the creation of the CSP. programme. These results stand One of the Centre’s core stakeholder testimony to the commitment of communities has always been CJBS, the wider University and remote to its base in the UK. The the CSP team to think creatively pandemic forced some quick and work beyond their originally thinking about how the Centre defined remit to leverage their could respond to the needs of its collective social capital, delivering stakeholders while also dealing with a solid 12 months of outreach, the technical challenge of moving content development and thought immediately to virtual working in the leadership against all odds. absence of a fully resourced team, We are enormously proud of in the midst of a hiring freeze at the our achievements. Within a very University and the impossibility of short period, we have built a team any physical outreach (notably with with shared values, ambition the broader University community) and personal commitments – a critical component of the to supporting up-and-coming Centre’s initial operational activities. philanthropists in emerging markets Overnight, virtual became the norm, to deliver improved impact more demanding a whole new way of quickly to support the third sector thinking about how the CSP could

10 11 for real systemic change beyond the We would like to thank all of our We are delighted to set out here a crisis. While it is clearly early days, colleagues at CJBS and the University summary of the Centre’s year so far – we believe that the operational of Cambridge more broadly for their the highlights, what has worked well, footprint that we have built thus consistent support, encouragement and where we have encountered far serves us well. Our stakeholders and enthusiasm for our work. It has challenges. As we review the are aware of our ambition and been truly motivating and inspiring Centre’s first year of activity, we are proposed programmes and are keen to be part of such a positive and excited to build on this work – the to engage. We are regularly referred uplifting community. Moreover, the achievements and the learnings – to and cited in the media as a core constant reinforcement by the CJBS and believe we are well-placed to source of information and insights team of the quality and tenacity of take the Centre from strength to into philanthropy in emerging our efforts – in particular, Christoph strength in 2021. markets. Loch’s advice that we focus on the broader mission (or the North Star as We have been approached for our Academic Director Kamal Munir commissioned research by the refers to it!) rather than get caught private sector, asked to connect up in the drudge of the details of with various university communities what might or might not work – was working on low-to-middle income inspiring and helpful in advancing countries, and have been contacted our mission. Feeling empowered by multiple external academic Clare Woodcraft and trusted by our peers was critical institutions seeking collaboration. Executive Director of the Centre to delivering the outreach, research Our team has worked tirelessly to for Strategic Philanthropy and programme developments that ensure that, even if new relationships we did, despite the crisis. were hard to build in the absence of face-to-face meetings, we instead I would like to thank all of our team leveraged our existing networks and – both permanent and transitional connections to fast-track our profile. members – each and every one of whom worked flexibly, adapted to Our team has considerably the very difficult external operating upscaled the Centre’s promotion environment and pulled together to and collaboration efforts; we have enable us to deliver a whole range of connected with dozens of like- outputs and future opportunities. I minded institutions to introduce am indebted to you all and humbled them to our work and mission by your commitment. through over one hundred virtual meetings. We have multiple The positive support and feedback partnership and collaboration from colleagues were paramount. agreements currently being During challenging times, processed or discussed. We also have consistently positive feedback from significant internal opportunities the CJBS team and their solidarity within the University of Cambridge were hugely welcome, helping to to collaborate around research and maintain momentum and keep up From left to right: Sara Pantuliano, Chief Executive of the Overseas Development Institute; H.E. executive education; over time, we the team’s spirits. Sheikha Bodour Al Qasimi, Founder and Chair, Kalimat Foundation for Children’s Empowerment; believe these will evolve into full- David Miliband, President & CEO of the International Rescue Committee. Davos 2020. blown projects and products.

12 13 Professional associations issues, and if and where we can collaborate with them. This process The CSP has proactively taken has been facilitated by the CSP the decision to work directly with being invited to sit on the Steering professional networks in order to Committee of the Strategic Research scale up its reach faster, given their Initiative (SRI) of Cambridge Global multiplier effect. This strategy has Challenges that convenes academics served us well and all of the core from across Cambridge to enhance Professional Associations global networks focused on our research contributing to the delivery core markets are now fully aware of the Sustainable Development of the work of the CSP, frequently Goals (SDGs). The CSP’s Executive cite our work and promote our Director was appointed to the COVID-19 report, regularly invite Steering Committee and has been us to speak at industry platforms actively engaged since and has and generally promote the Centre presented the CSP’s COVID-19 report and help build its profile. The CSP to this group. On the back of this is planning to become a member presentation, other organisations of all relevant networks within its have contacted the CSP to ask for core markets and has already joined a similar presentation. The CSP is the Asian Venture Philanthropy presenting the COVID-19 report to Network to build its community in the Cambridge Food Security Group South East Asia, WINGS, which is in May 2021. focused on developing philanthropy in emerging markets. The CSP Engagement activities plans to become a member of the Arab Foundations Forum (AFF) and Whilst we have been unable to already has strong working links with bring people to the CSP itself, or them and has been provisionally to attend conferences and events accepted to the African Venture in-person, delivering a virtual Philanthropy Alliance (AVPA). We events programme has allowed have also joined the European us to engage audiences we might Venture Philanthropy Association not otherwise have reached. The (EVPA) as their network comprises directors and founder participated some of the largest most important in and delivered a range of virtual and most influential foundations activities, outlined in more detail operating in emerging markets. later in this document, and have contributed to media outlets, Internal collaboration including the Financial Times and BBC Radio 4. Since its inception and despite the virtual working situation, the We very much hope we can begin CSP has undertaken extensive gathering stakeholders in-person work to connect with like-minded in 2021, and plan to do so with institutions inside the University our hybrid conference ‘Talking to better understand who might Philanthropy’ on 14 May 2021 (see already be doing research on similar upcoming events section below).

14 15 However, we will also take what Audience: 500 + multiple Movimento Bem Maior webinar on Executive Director was asked we have learnt about the power organisations have also listened COVID-19 and philanthropy to participate in an additional of virtual events from 2020 and to the webinar subsequently and longer webinar hosted by Date: 29 October 2020. Title: use it to build a long-term hybrid have contacted the CSP, keen to ■ Philanthropy Impact on 4 March Philanthropy in the Times of engagement programme, with both connect given the CSP’s unique 2021. Coronavirus. Participants: Clare physical and digital offerings that focus on emerging markets. Woodcraft – CSP, Flavio Castro – Do One Better! Podcast Series will allow us to engage effectively 2. Date: 26 January 2021. Title: FSB Comincacao, Rubens Menin with our core stakeholders in Date: 20 December 2020. Title: Towards a new balance of power – MRV Engenharia, Eugenio ■ emerging markets, even though they The Do One Better! Podcast is in philanthropy. Participants: Mattar – Localiza, Patricia Villela are not in our physical vicinity. a weekly podcast with a loyal Clare Woodcraft – CSP, Kamal – Humanitas360, José Ermírio international audience, which Our engagement opportunities in Munir – CSP, J. Satrijo Tanudjojo de Moraes Neto, AC Camargo has hit Apple's No.1 spot for 2020 have included the following: – Tanoto Foundation, Degan Ali – Cancer Hospital. Attendees: non-profit podcasts in the UK ADESO, Charles Keidan – Alliance 500+ The COVID-19 report has been Audience: 500+ and been recognised on Apple's critical in gaining traction around 3. Date: 16 February 2021. Title: Save the Children (STC) New & Noteworthy chart. It aims external engagement since it has to inspire global listeners to be Future of Arab philanthropy: Date: 12 October 2020. proved a solid starting point for ■ more philanthropic, to act more the who, what, where & how. Title: Local Voices: Creating substantive discussions about the sustainably and to embrace Participants: Noura Selim - an Equitable World for Girls, needs of the philanthropic sector social entrepreneurship. The Sawiris, Rasha Al-Turki – Alnahda, a roundtable conference in emerging markets. Moreover, its CSP was hosted in December Naila Farouky – AFF, Moukhtar discussion on female presence online and its promotion 2020 with the Executive Director Kocache – Rawa Fund. While the empowerment. Centre through multiple webinars have sharing insights into the work of Centre did not participate in this participant: Clare Woodcraft. led to significant feedback and the CSP, promoting the COVID-19 webinar, we sponsored the event. Audience: 200+ comprising requests for engagement, which report and talking more broadly All participants were sent a copy key female Arab philanthropists are outlined below. Indeed, overall, about philanthropy. We look of the report and CSP branding with whom the CSP has had the COVID-19 report was the main forward to future collaborations was used widely during the event follow-up engagement. This driver of external engagement between The Do One Better! advertising and in the webinar initial engagement has led to over the past few months (since its Podcast and the Centre for itself. Audience: 500 + the current co-creation of a publication in December) and even Strategic Philanthropy. project plan looking specifically before its publication, as a result Webinar with the John D. Gerhart at building social purpose Tharawat Business Forum of the interviews undertaken for Center, American University in organisation capacity in Africa Three-Part Series on Aligning its production. The report has also Cairo (Sole Speaker) as per the recommendations of Philanthropy (joint hosts) helped build profile for the CSP with ■ Date: 2 July 2020. Title: the CSP’s COVID-19 report (see key industry actors including the We have partnered with the Actionable knowledge to above). ■ Stanford Social Innovation Review. catalyse greater philanthropic Tharawat Family Business Forum Philanthropy Impact to design and convene a three- COVID-19 Report Launch Webinar impact from the world’s part webinar series focused Series with Alliance (joint hosts) fastest growing regions and Date: 23 November 2020. Title: ■ on family offices in the Gulf the role of research centres. Sustainable Investment Goals 1. Date: 1 July 2020. Title: How Cooperation Council. Targeted at Participants: Director Ali Awni, Participants: Darshita Gillies will the study of philanthropy family business members, family Clare Woodcraft https://www. – Maanch, Clare Woodcraft – contribute to social impact? office principals and high-net- facebook.com/gerhartcenter/ CSP, Antonis Schwarz – Impact Participants: Clare Woodcraft worth individuals interested in videos/2758842604335340/. Investor, Jamie Webb – Synergos, – CSP, Badr Jafar, Bheki Moyo philanthropy in the region, the Paul Bryant – Equity Analyst. – CAPSI, Naina Bhatra, CEO of series aims to promote more Audience: This interview led AVPN, Charles Keidan - Alliance. strategic philanthropic decision- to 2,000 hits online and the

16 17 making among current and members. Profiles: 2 chairmen, INGO/CROWE Conference by centres' activities and to future philanthropists from the 1 vice-chairman, 3 CEOs, 1 showcase how the research Date: 2 February 2021. Title: GCC/MENA by sharing insights corporate projects manager, ■ centres have facilitated public Where next for INGOs? The Chief and tools and case studies. 4 executives, 3 directors, 1 engagement/outreach activities. Executive/Chari’s perspective. The sessions were recorded founder, 2 board members, 3 Participants: Sam Younger – and shared online for broader senior managers. Countries: Recent and upcoming events VSO, Clare Woodcraft – CSP, outreach. The three webinars Egypt, Lebanon, Oman, Qatar, Danny Sriskandarajah – Oxfam involved are: Spain, Switzerland, United Arab Pearl Initiative GB. Attendees: 230. Profiles: Emirates, United Kingdom. 1. Date: 25 November 2020. senior manager, CEO, chairman- ■ Date: 1 March 2021. Title: Title: The Next Generation of 3. Date: 17 February 2021. level attendees, charitable Giving Collaboratives: Aligning Giving: how philanthropists Title: Philanthropy, CSR and organisations and academics. diverse stakeholders around can decide which path to take. Corporate Strategy: how family The ED of the CSP was invited to shared outcomes. Participants: Participants: HE Huda Alkhamis philanthropy can align with speak at this event after CROWE Myrna Atalla, Olivia Leyland. Kanoo – ADMAF, Farida El Agamy company CSR. Participants: UK read the CSP’s COVID-19 The CSP’s Executive Director, –Tharawat, Clare Woodcraft - Omar Safeyeldin – EGIC, report and asked for the Clare Woodcraft, has been CSP Link: https://www.youtube. Farida El Agamy – Tharawat, Centre to share via a 30-minute instrumental in providing com/watch?v=Fq59ATdSNgA Clare Woodcraft – CSP. presentation at their annual content for this event and will (Additional 127 views at 18 Link: https://www.youtube. event. The session led to follow- moderate the panel. She has Feb 2021). Attendees: 29 com/watch?v=8zl1uusc8E8 up engagement with Oxfam also briefed the new executive family business members. (additional views 28 at 18 Feb and discussions about future director of the Pearl Initiative on Profiles: 3 chairmen, 2 vice- 2021). Attendees: 21 family collaboration notably in Africa the work of the CSP, discussed chairmen, 3 board members, 6 business members. Profiles: 2 (see section about engagement the prospects for philanthropy executive managers, 2 CEOs, 5 chairmen, 2 vice-chairmen, 4 with STC). in the region and offered some directors, 1 COO, 1 founder, 4 CEOs, 4 executives, 3 directors, insights on how the Pearl CJBS Research Centre and family members, 1 partnership 2 board members, 4 senior Initiative can best support Networks Summit & philanthropy manager. managers. Countries: Egypt, regional philanthropists. The ED was also asked to provide Countries: Algeria, Egypt, Iraq, Lebanon, Spain, Sudan, Date: 26 January 2021, 13:30- ■ input on regional philanthropy Kenya, Kuwait, Saudi Arabia, Switzerland, United Arab 15:00. Participants: CJBS for content being developed by Spain, Switzerland, Sudan, Emirates, United Kingdom. managers. This forum ensures the Pearl Initiative for the Gates Turkey, United Arab Emirates, that internal University The series of webinars will now be Foundation and drew from the United Kingdom, United States. stakeholders are aware of transformed into learning tools. COVID-19 report to do so. respective research projects and 2. Date: 19 January 2021. Title: Discussions of the way forward in aligned where possible with a Collaborative Giving: how joint this respect are underway and will FIFE webinar – keynote speaker view to potential collaboration and collaborative philanthropy likely result in co-created content and ensuring that research is ■ Date: 2 March 2021. Title: can add to impact and scale. that can be shared with relevant not duplicated. The summit Philanthropy and COVID-19: Is Participants: Naila Farouky audiences about how to best align is a regular event that aims to the North-South balance finally – Arab Foundations Forum, philanthropy for maximum impact. promote collaboration with shifting? Centre participant: Silvia Bastante de Unverhau This content will draw from the colleagues in CJBS and other Clare Woodcraft. Attendees: – Co-Impact, Farida El Agamy - recommendations offered by the academic or practitioner Registration as at 22 Feb 2021 – Tharawat, Clare Woodcraft – CSP. speakers in this series. partners. It captures research hybrid event with 850 attendees Link: https://www.youtube.com/ outputs co-authored with Centre (300 in-person attendees in watch?v=UwsNQQgoog0 (48 fellows, with practitioners/policy Florianópolis, the rest will be additional views at 18 Feb 2021). makers, or otherwise facilitated online). Attendees: 20 family business

18 19 Centre for Disaster Philanthropy Talking Philanthropy 2021: Asia to build some brand presence in Other activities (CDP) Pacific Asia given the inability to host a live CSP-branded event. Once the The CSP supported the development Date: 11 March 2021. This Date: 14 May 2021. As we plan ■ ■ pandemic situation permits, we of a Q&A series of videos by session will explore how grant for our future engagement will plan for the latter. Badr Jafar by developing a list of makers and donors respond programme, we are hugely suggested speakers in the CSP’s as communities worldwide – excited to co-host our first Executive Education –Strategic core markets and engaging with especially black, indigenous conference in May 2021 hosted in Philanthropy in Emerging potential PR support to manage and people of colour, as well Singapore (potentially in person) Markets: Maximising Impact the broadcast of these videos. ‘The as other populations that have and at CJBS online. Talking Business of Philanthropy’ is a series Date: 1-4 June 2021. This been systemically marginalised Philanthropy 2021: Asia Pacific will ■ of conversations with thought and programme caters to the and underserved – struggled offer a mix of (predominantly) action global leaders hosted by Badr practical needs of sector amid the pandemic’s impact on virtual and in-person events in Jafar, which explores the changing professionals and sectoral livelihoods, health, education Cambridge and Singapore to nature of philanthropy within trends, including the growth in and more. It will share key address worldwide recovery and from the emerging markets. capital coming to market and findings from the CDP’s and from the pandemic. Regional Interviewees include Bill Gates, HRH the increasingly hybrid nature the CSP’s respective reports on moderators/chairs will run panel The Prince of Wales and Professor of the sector, the demand the impact of the pandemic on discussions and Q&A sessions, Stephen Toope, amongst other for greater transparency and philanthropy and vice versa. whilst workshops and breakout distinguished guests. Episodes to accountability, greater scrutiny The panel will also address what sessions will take place regionally date include: around impact and calls for funders should be doing as we at different times. All footage of more efficiency through move into year two of giving the panel discussions, Q&As and ■ Nandan and Rohini Nilekanie – collaboration and partnerships. in this crisis. CDP Director of case studies will be broadcast on 113,084 views* The programme comprises Strategic Initiatives, Sally Ray, the Talking Philanthropy website. ■ Bill Gates – 1,397 views video lectures, discussions, live will moderate the discussion Speakers and panel members Stephen Toope – 354 views online teaching sessions and ■ and panellists will comprise: confirmed so far include assignments. It will explore how ■ Kristalina Georgieva – 44,150 Grace Sato, Director of Research, Professor Peter Mathieson, philanthropic capital can best be views Candid; Clare Woodcraft, Vice-Chancellor of the University deployed to deliver impact and ■ Prof Klaus Schwab – 1,088 views Executive Director, CSP at CJBS, of Edinburgh; Daisy Liu, long-term system change. It will and David Maurrasse, Founder philanthropist and co-owner of ■ HRH Princess Lamia Bint Majed address many of the challenges of Marga Incorporated. This the Xiami technology company; Saud Alsaud – 25,760 views and opportunities that face webinar is co-sponsored by the Jean Sung, Head of Philanthropy ■ Mike Milken – 43,069 views emerging market philanthropists Council on Foundations, United at JP Morgan; and Patricia Zurita, ■ H.E Abdul Aziz Al Ghurair – - notably given the growing Philanthropy Forum, The Funders CEO of BirdLife International. The 17,594 views intergenerational wealth Network, National Voluntary event will be moderated by BBC transfers - in trying to align their ■ HRH The Prince of Wales – 301 Organizations Active in Disaster journalist Kirsty Lang who also work with national development views (VOAD), InterAction and National interviewed the CSP’s Executive plans, the UN’s SDGs and the Center for Family Philanthropy Director in advance of the event * Figures accurate for 29 March 2021 need to deliver sustainable and will be recorded for further for a CSP promotional piece outcomes at scale. online dissemination. (online shortly). The opportunity to partner on this event was thanks to an introduction by the Alumni Relations team at CJBS. It presented a timely opportunity

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Philanthropy is an increasingly important phenomenon in the contemporary world, which sees massive transfers of private funds towards a variety of causes. Unfortunately, our understanding of who gives, to whom, for what, when, and to what effect, is still limited. This is particularly true for Building a World-leading the Global South where, despite an even more enhanced Research Pipeline importance of philanthropy, knowledge of the motivations, frameworks, practices and impact of philanthropy remains limited. It is this gap that we are setting out to fill. We are striving to become a major global platform for the production and dissemination of knowledge about strategic philanthropy. Dr Kamal Munir, Academic Director” of the CSP

22 23 Research programme the establishment and the mission of ■ Giving vehicles: which ones work is built on actual needs-based the CSP, fed into the development of best (eg foundations, trusts, analysis and assessment, while also The fundamental research an initial research topic longlist: donor-advised trusts (DAFs))? respecting the academic foundation philosophy of the Centre is deep of the CSP. ■ Filling competence gaps: what ■ Collaboration: what prevents engagement; we have taken a key competences are missing in collaboration and does this waste market-based supply-and-demand the sector? resources? approach to setting the research Corporate foundations: de- agenda for the CSP, and adopted a ■ Philanthropic approaches/ ■ risking the transformation of research methodology comprising: models: evidence on which delivers greatest impact? underlying business? ■ Relevant geographic focus ■ Effective grantees: how to ■ Impact investing: myth or reality? ■ Involvement of practitioners, identify and prioritise high- ■ Effective philanthropy: experts and donors impact beneficiaries? developing a science around impact. In essence, it is a research philosophy ■ Scaling what works: how to that emphasises the relevance and deploy what’s already worked in ■ Exit strategies and spend down – applicability of research efforts creating social value at scale? see Atlantic Philanthropies' Zero to those actively engaged in ■ Restricted giving: why is this is the Hero book. philanthropy, while maintaining the practice still in place and can it be ■ Randomness in grant giving: necessary academic rigour. changed? understanding the lottery bias. Impact measurement: what tools The research agenda journey ■ Dr Kamal Munir then determined an contribute to the most impactful started when we convened our first initial programme with individual outcomes? focus group with key, high-level research activities linked to the stakeholders at the Conduit Club in ■ Blended finance: myth or reality? questions above. This pipeline is 2019, and developed six key areas of ■ Donors & power structures: how detailed below. focus: to give better and align with beneficiary needs? Our COVID-19 report was released Governance and risk on 15 December 2020 and has ■ System change: does ■ helped enormously in affirming our ■ Equitable partnerships philanthropic capital reinforce initial longlist of research projects. Building effective teams current systems? ■ If anything, it has served to confirm ■ Brand equity ■ Aligning with SDGs: how can that the subject matter already ■ Scaling impact new wealth be harnessed for the identified is indeed aligned with ■ Innovative finance SDGs? practitioner needs. Now that the ■ Governance: what constitutes CSP has been able to hire a full- Further insights were gleaned best practice for philanthropic time Research Associate, Dr Shonali following the formal establishment oversight? Banerjee, we are prioritising the of the Centre with a wide-ranging Taxation vs philanthropy: which initial planned market mapping series of discussions and outreach ■ creates most sustainable social exercise that will aim to build a to entities working in our chosen value? repository of data and research markets, or based in them. These ■ Open data: how can the sector relevant to the CSP’s mission for consultations and engagements, emerging economies. It will also coupled with the expertise of the best share data and build open culture? ensure this is not replicating good team and the ongoing input from quality work that has already been Diversifying products and the market as individuals and ■ done, and that our research agenda institutions became informed about service: how to achieve outcomes?

24 25 Research pipeline – Centre Research Papers

Study Title Supervisor Status End Date Description

Pandemics and Philanthropy: Dr Munir Completed Dec 2020 • Please see ‘Completed Research’ section below COVID-19 in Emerging Markets

Philanthropy and Emerging Dr Munir Active Mar 2021 • This supply/demand research was initially identified as an important starting point for the CSP at the Conduit Club Economies: Supply/Demand event held in June 2019 when the CSP’s now Fellow, Caroline Fiennes, presented her UK-focused research on the topic. This inspired the idea to undertake a similar mapping for emerging markets. Initial investigation has revealed that this This project aims to underpin would be a very different exercise to emerging markets . The UK’s academic community and third sector are mature, the development of the CSP’s well-established and well-known, and hence an ‘audit’ of what exists and what doesn’t was, while time-consuming, future research agenda and, relatively straightforward. in particular, to ensure that it • The COVID-19 report has revealed that the emerging market philanthropic sector is characterised by a large degree of addresses practitioners’ needs in fragmentation, with a lack of comprehensive datasets that cover emerging economies. Moreover, there is currently a the philanthropic sector. mismatch between the supply (academic research) and the demand (practitioners’ needs) sides of the sector. • This project will evaluate existing research use by practitioners, ascertain practitioners’ research requirements, survey the available research that has already been done, and then use this information to shape and inform the CSP’s future research agenda. It will aim to build a repository of data and research relevant to the CSP’s mission for emerging economies and ensure it is not replicating good quality work that has already been done and that our research agenda is built on actual needs-based analysis and assessment. • Initial meetings have been held with the OECD’s Development Centre and the Arab Foundations Forum (AFF), which have agreed, in principle, to partner on building emerging market databases (OECD is already undertaking this exercise for Africa, South East Asia and MENA, and the AFF is about to embark on a MENA-wide initiative, which it is keen to do in partnership with the AFF). • The CSP expects to have MOUs/partnerships for data collection with both of these organisations by Q2 2021 and also has a draft MOU with CAPSI for a similar purpose.

From Hype to Impact: Dr Grimes Pipeline 2022 • Launched in July 2020, this project’s research team comprises Dr Matthew Grimes, Reader in Organisational Theory Examining the Translation and Information Systems and Co-Director of the Entrepreneurship Centre at CJBS, and Danielle Logue, Associate of Social Stock Exchanges in Professor at the University of Technology Sydney, and Associate Fellow of the Organisational Theory & Information Emerging Markets Systems group, at CJBS. • They are working to understand how the development of institutional infrastructure has contributed to the translation of social stock exchanges into emerging economies, examining how the micro-processes associated with the establishment and translation of social stock exchanges play out within emerging economies. Their work will help to inform policy approaches in relation to the burgeoning impact-investing market across the globe.

Regulating Philanthropic Dr Kerusauskaite Imminent End 2021 • Led by Dr Ingrida Kerusauskaite, Affiliated Lecturer in the University of Cambridge Centre for Development Studies, Capital in Emerging Markets start this project will examine how philanthropic capital could be better regulated to encourage philanthropic flows while accounting for terrorism, money laundering, economic and other risks. • Predicted start date: May 2021.

26 27 Case studies

Case studies form a critical component of the USP of the Executive Education programme. Indeed, multiple discussions with potential clients for this programme revealed that they would only truly be interested if the programme included case studies from the Global South. Case studies are thus a critical part of our work. We aim to build a representative portfolio of case studies that equally reflects our core markets. This has guided our initial selection process whereby we are undertaking a case study for each of our three core markets. We have equally selected examples that reflect some of the issues identified in our research longlist such that both the case studies and our executive education programme are aligned with our broader research programme. Selection is further determined by the capability and resources of the target organisation to engage. The case studies have also led to other engagement opportunities given that their production entails detailed interviews and meetings with staff and stakeholders who reveal broader insights about philanthropy in their markets, their challenges and their needs. This input, in turn, can feed into the Executive Education programme. To date, we have selected ‘’blue chip’’ organisations that have a strong narrative aligned with our work, and the time and resources to ensure a quality end product. Case study subjects will be invited to contribute to the executive education programme (eg having key principals provide short presentations on their experiences).

Research pipeline – Case Studies

Study Title Supervisor Status End Date Description

King Khalid Foundation (KKF) Dr Munir Completed Dec 2020 • Our first completed case study is on the King Khalid Foundation in Saudi Arabia, a foundation which has served as a Saudi Arabia role model for others in the region. • It outlines the Foundation’s journey to strategic philanthropy from a more traditional model and explores both its internal institutional development, its external engagement with government and its broader commitment to developing the third sector. • It provided the CSP with an opportunity to work closely with the team at KKF to build greater knowledge of philanthropy in the Kingdom, while also creating a template for future CSP studies.

Tanoto Foundation Dr Munir Active Mar 2021 • This case focuses on the transition of the Foundation from an Indonesia-specific family-run foundation to one that has Indonesia now adopted a private sector mentality, has global operations (eg in China, Singapore and Brazil) and is adopting a business-based approach to scaling, measuring and institutionalisation.

Save the Children Dr Munir Active May 2021 • This case study is looking at the work of a Nigerian HNWI who has built a philanthropic operational programme Nigeria in Nigeria in partnership with Save the Children. The case study is assessing the challenges facing individual philanthropists (and especially African women) seeking to drive system change locally but also to build credibility and voice internationally. Equally, it will look at the role of an international NGO in supporting this work and also in partnering with a local philanthropist to ensure local input into local programme planning and thus ensure relevance and impact. • Initial meetings have been held and we have an ‘in principle’ agreement from the HNWI and Save the Children. • Terms of reference have been sent to Save the Children, expected signature by March 2021. • First interviews planned for March 2021.

Tony Elumelu Foundation Dr Munir Planned July 2021 • Initiation meeting. Nigeria • MOU is being developed to send to the Foundation for review and signature.

28 29 Completed research ■ Community Jameel – Saudi ■ WINGS – Global project Arabia ■ YTL Foundation – Malaysia Conrad N. Hilton Foundation – ■ The report had a soft launch on Our first research project, Global Philanthropy and COVID-19: Is the 15 December 2020 with a global Dangote Foundation – Nigeria North-South Power Balance Finally ■ press release from both the CSP and Shifting?, morphed into something ■ Dubai Cares – UAE Alliance magazine, which has already larger and more salient than we had ■ Ecodoe – Africa resulted in positive coverage and originally foreseen and has become ■ Global Fund for Community feedback from stakeholders and a manifesto and foundation for the Foundations – South Africa partners. Centre's future research agenda. ■ Indonesia for Humanity – Feedback from the industry It views the COVID-19 pandemic Indonesia included: as an opportunity to assess the Investing for Good – Global ■ Great to see this report current state of emerging market ■ ■ King Hussein Foundation – highlighting the role of strategic philanthropy, identify future Jordan global philanthropy in challenging opportunities and challenges, and ■ Kenya Community Development power imbalances – Kevin provide a manifesto that can inform are not new, the scale of the crisis Foundation – Kenya Watkins, CEO, Save the Children and improve its impact. highlights that society has little time to waste in extracting the most ■ King Khalid Foundation – Saudi UK The timing provided a unique from the dedication and capital Arabia ■ Unveils the power imbalances in opportunity: our research began just that philanthropists are willing to ■ Koalisi Seni – Indonesia philanthropy’s response to COVID as the world went into lockdown invest in solving some of the world’s ■ Laudes Foundation – Global ... Proud to have contributed to it – and, given the gravity of the crisis most challenging problems. The ■ Lemann Foundation – Brazil Laudes Foundation and philanthropy's huge potential to pandemic could thus be a catalyst ■ Congratulations to the team – it play an important role in addressing for positioning philanthropy to ■ Milken Institute, Center for Strategic Philanthropy – US looks like a great report with a it, we were uniquely positioned to respond even more effectively to strong and important message – Movimento Bern Maior – Brazil offer insights into how COVID-19 the next unpredictable, but not ■ Maanch had shaken up the sector. While the unforeseeable, crisis. Prince Alwaleed Bin Talal – Saudi ■ This is a most valuable report, report is preliminary and qualitative, Arabia ■ and I will enjoy reading the it provides important insights into Organisations and individuals ■ Save the Children – Africa thoughts and input especially fundamental issues and trends interviewed / cited in the report: Sawiris Foundation – Egypt from the funders and grantee that will help inform the Centre’s ■ ■ ADESO – Somalia organisations, as these provide longer term research and education ■ Shell Foundation – Global ■ Al Qassimi – UAE valuable insights that we do not agenda. ■ South Lake Medical Centre – ■ Alaweed Philanthropies – Saudia Kenya usually get to access – Liza Kimbo, Put simply, the crisis has provided Arabia Director, Sustainable Healthcare ■ Sumerian Foundation – Africa a real-time ‘natural experiment’ ■ ALFANAR – Middle East Foundation and report laboratory for assessing some of the ■ Tanoto Foundation – Indonesia interviewee ■ Arab Foundations Forum – challenges facing the philanthropic ■ Tharawat Family Business Forum Middle East Building on this, a targeted community. The insights drawn from – Middle East Asian Venture Philanthropy outreach launch of the report, with the interviews and data in this report ■ The Big Heart Foundation – UAE ■ multiple engagement and media suggest that coronavirus – for all Network (AVPN) ■ Tony Elemulu Foundation – Africa opportunities, including a webinar its temporal and lasting pain – is a ■ Candid – Global ■ Tshikululu Social Investments – series and extensive coverage in crisis from which the philanthropic CAPSI – South Africa ■ South Africa Alliance magazine, took place in world should and must draw lessons. Charities Aid Foundation – Global ■ West African Civil Society January 2021. The first webinar was While many of the issues identified ■ ■ Co-Impact – Global Institute (WACSI) – Africa on 26 January, and had over 500

30 31 attendees and united the co-authors Twitter activity for the launch with other experts from the field announcement was significantly to discuss the report’s findings and higher than previous engagement invite feedback. It will also serve statistics; this was organic as an opportunity to further refine engagement as we had not yet the areas where research is most started to promote tweets. needed and in demand. This event Additionally, the report launch will provide a platform for future has led to multiple requests webinars around the issue of the for engagement and speaking power balance in philanthropy. opportunities, which are detailed in Articles and references to the report the section on Convening below. were published in Candid.org, AVPN, Sawiris Foundation, Third Sector Magazine, Alliance Magazine, Philanthropy News Digest, Civil Society News, GFCF, Charity Times, Swiss Foundations, IEDP Developing Leaders, Feedback Labs, via podcast on Lidji.com, and as far afield as the Texas Department of State Health Services. The report was also cited by Robert Rosen of the Gates Foundation in an interview with Arabian Business. The publication of the report also led to the invitation for the Executive Director to speak at the Crowe International NGO conference in February and at the Centre for Disaster Philanthropy webinar in March. The report was also used as a briefing document for engagement with the newly appointed Executive Director of the Pearl Initiative, whose philanthropy panel the CSP’s Executive Director moderated in March 2021. The CSP has also taken the opportunity to promote the report internally to the wider University of Cambridge, presenting to Cambridge Global Challenges, the Cambridge Food Security Group and the wider CJBS Research Forum.

32 33 Executive Education Programme

34 35 Programme summary Who is this programme for? Provisional programme This new, unique and bespoke ■ Professionals working in philanthropy programme, developed with the CSP, CSP EXECUTIVE EDUCATION OPEN PROGRAMME - JUNE 1-4 2021 caters specifically to the practical ■ Individual philanthropists STRATEGIC PHILANTHROPY IN EMERGING MARKETS: MAXIMISING IMPACT needs of sector professionals and seeking to create new funds or DAY ONE DAY TWO DAY THREE DAY FOUR sectoral trends. These include not programmes 9.00-10.00 9.00-10.15 9.00-10.30 9.00-10.15 only the growth in capital coming ■ ODA officials looking to engage Strategic Philanthropy: Identifying Gaps to Collaborating for Impact Scaling for Impact to market but also the increasingly philanthropic capital to support Why and How? Maximize Impact (Part 1) Tanoto Foundation Dr Kamal Munir (CSP) Dr Lionel Paolella (CSP) Dr Thomas Roulet (CSP) (Case Study) hybrid nature of the sector, the the UN’s SDGs Dr Shonali Banerjee (CSP) Dr Satrijo Tanudjojo (TF) demand for greater transparency Academics seeking insights into ■ Break (15 mins) Break (15 mins) Break (15 mins) Break (15 mins) and accountability, greater scrutiny operational challenges facing around impact and calls for more philanthropic practitioners 10.15-11.45 10.30-12:00 10.45-12.15 10.30-12.00 efficiency through collaboration and From Traditional to Measuring Impact: Governance BRAC Case Study on ■ Beneficiary organisations Strategic Philanthropy Dr Jennifer Howard- Name to be advised Scaling for Impact partnerships. KKF Foundation Grenville (CJBS) Dr Jaideep Prabhu (CJBS) ■ Corporate professionals or (Case study) Our pilot programme is comprised advisors looking to deploy Clare Woodcraft (CSP) (Guest speaker) of video lectures, discussions, commercial capital for social Break (15 mins) Break (15 mins) Break (15 mins) Break (15 mins) live online teaching sessions and impact. assignments. It will explore how 12.00-13.30 12:15-13.30 12.30-13:30 12.15-13.30 Confirmed speakers Leveraging the Brand for Impact in EMs: Navigating Impact Impact & Leadership philanthropic capital can best be Impact A View from Africa Investing deployed to deliver impact and Dr Eden Yin (CJBS) Discussion with Dr Bheki Dr Khaled Soufani (CJBS) Dr Thomas Roulet (CJBS) ■ Dr Kamal Munir, Reader in Moyo (CAPSI) long-term system change. It will Strategy & Policy address many of the challenges and All material is subject to copyright and is for personal use only. Dr Lionel Paolella, University opportunities that face emerging ■ Lecturer in Strategy & market philanthropists - notably Organisation given the growing intergenerational Dates and fees ■ Dr Thomas Roulet, University wealth transfers - in trying to Pilot programme: 1-4 June 2021 align their work with national Senior Lecturer in Organisation development plans, the UN’s SDGs Theory The programme comprises four and the need to deliver sustainable ■ Dr Shonali Banerjee, Research half-day sessions (mornings, UK outcomes at scale. Associate, Centre for Strategic time). The programme fee is £1,875 Philanthropy (exclusive of VAT). Coverage of topics Clare Woodcraft, Executive ■ For more details please visit: https:// Director, Centre for Strategic ■ The philanthropy paradigm shift www.jbs.cam.ac.uk/executive- Philanthropy ■ Measuring impact education/open-programmes/ ■ Hybrid finance ■ Professor Jaideep Prabhu, strategy/strategic-philanthropy-live- Professor of Marketing ■ Venture philanthropy online/ Dr Khaled Soufani, Faculty Creating effective governance ■ ■ (Professor level) in Management Or contact us on: executive. ■ Effective fundraising Practice [email protected] ■ Professor Jennifer Howard- Stay in touch on Twitter:@ Grenville, Diageo Professor in CambridgeExecEd Organisation Studies

36 37 Our team The Centre for Strategic Philanthropy is pleased to be running at full capacity in 2021 with four new appointments to the team, welcoming a new Centre Manager, Communications Manager and two Research Associates. Along with Meet the CSP Team our existing Academic Director, Executive Director and Research Assistant, we are excited for the year ahead.

38 39 Dr Kamal Munir Clare Woodcraft Academic Director Executive Director Dr Kamal Munir is a Reader of Clare Woodcraft is the Executive Strategy & Policy at CJBS (he Director of the Centre for Strategic will be appointed Professor on Philanthropy. She has over 27 years’ 1 October 2021). His research experience in the field of socio- focuses on institutional change economic development in emerging at organisational and societal markets. She is the former CEO of levels, and also spans inequality in Emirates Foundation, the national organisations and philanthropy. foundation of the UAE, where she Dr Munir has published several led the organisation’s transition articles in leading organisational and from traditional grant-making to technology journals and presented the model of Venture Philanthropy. his work at numerous international She is the former Chair of the Arab conferences. His work has been Foundations Forum, a regional quoted and cited in several forums, network of foundations and earlier including BBC’s Hard Talk, World served as the Deputy Director of Economic Forum, Financial Times, Shell Foundation. Prior to this, Wall Street Journal, Wired magazine she was the Regional Director of and Business Week, among many Communications for Royal Dutch others. Dr Munir has consulted for Shell in the Middle East and North the State Bank of Pakistan, the World Africa, overseeing the company’s Bank and the Asian Development social investment and, before this, Bank. In the private sector, he served headed Visa International’s public as a consultant and trainer for several affairs arm in emerging markets. She leading organisations and regularly writes and speaks extensively on the conducts strategy offsites for wide- paradigm shift in the philanthropic ranging firms. He is frequently sector and is a vocal champion of invited internationally to speak on venture philanthropy. Clare is a issues related to social, technological fluent Arabic and French speaker and economic change. Dr Munir with a BA in Modern Languages and is a Visiting Professor in Economic an MSc in Development from LSE. Sociology at LUMS, Pakistan, where he served as Dean of Humanities and Social Sciences in 2015/16.

40 41 Di Kennedy Jack Lilley Dr Shonali Banerjee Zhiwan Rong Centre Manager Communications Manager Research Associate Research Assistant Di Kennedy joins us from the Jack Lilley is the new Shonali Banerjee is a Research Zhiwan Rong recently graduated Institute of Criminology where she Communications Manager for the Associate with the CSP. Her research from the University of Cambridge worked as a Research Administrator CSP. Jack joins us from the Network focuses on emerging digital trends in where she studied Land for The Centre for the Study of Global for East Anglia Collaborative philanthropy and giving, particularly Economy with Management Human Movement. She has an MBA Outreach (neaco) partnership crowdfunding platforms, with Studies. Interested in high- from the Open University and has at the University of Cambridge. forthcoming pieces in Development impact philanthropy and female worked extensively in retail and Jack has an MA in International in Practice and Third World Quarterly. empowerment, she joined the investment banking in both Australia Relations and Political Affairs and Shonali began her career as a Centre as a case writer hoping and Switzerland. Her interest in has previously worked within media development practitioner, spending to explore the best practices of philanthropy stems from her time and communications across several five years working for international leading philanthropic institutions working in the third sector in universities. In his spare time, Jack organisations in the United States, in emerging markets, and learn Australia as a development manager. co-founded and manages The Morocco, Thailand and Cambodia. about the political philosophy of Cambridge Global Affair, which Her roles focused around training philanthropy and the relationship discusses topical issues ranging charities in digital fundraising, between philanthropy and from human rights, gender equality, strategic communications and government. During her Cambridge economics and international law. impact evaluation. Most recently, years, she served in multiple student she was the Research Development government positions. She will be Officer at Queen Mary University studying Politics at the University of of London, where she worked Oxford next year. with faculty across all disciplines to develop proposals for the Global Challenges Research Fund. Shonali has a PhD in International Development from the University of Sussex, an MSc in Development Studies from SOAS, University of London, and a BA in International Affairs and Political Science from The George Washington University.

42 43 Dr Juvaria Jafri Research Associate Dr Juvaria Jafri joined the CSP in April 2021, from City, University of London, where she was Lecturer in International Political Economy. Over the winter of 2020-21, Juvaria held a guest appointment at the University of Kassel, Germany as the Wangari Maathai Visiting Professor, during which she ran seminars for MA students and created e-learning resources. Juvaria received her PhD in 2019 from City, University of London for her doctoral research on shadow banking and inclusive finance in Pakistan. Her previous degrees are from the University of Toronto in Canada, and SZABIST, in Karachi, Pakistan. She also has several years of work experience working for investment banking and management consulting firms in Karachi, and Islamabad. Juvaria’s research interests are in financial development in the Global South, particularly strategies for funding interventions, including inclusive finance, impact investing, and digital identification databases. Her research has appeared in the Review of International Political Economy, and the Journal of Applied Economics, and includes a co-edited book published by Edward Elgar on Geofinance between Political and Financial Geographies. She has also written for The Conversation, The LSE Review of Books, and Renewal.

44 45 Cambridge Judge Business School University of Cambridge Trumpington Street Cambridge CB2 1AG United Kingdom

T: +44 (0)1223 339700 [email protected] [email protected] www.jbs.cam.ac.uk

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