Foundations will contribute at least $364 billion to the United Nations Sustainable Development Goals by 2030, according to the Foundation Center. But philanthropy alone cannot foot the $3.5 trillion bill.
Enter the SDG Philanthropy Platform, a new collaboration between philanthropy and the international development community, aiming to maximize resources through coordination and collaboration and to address some of the challenges that have limited the impact of foundations.
“At this time, when countries are facing employment and budget pressures and sadly turning inwards, the SDGs as a universal, global, carefully thought-out normative framework to pull people and institutions together are more important than ever,” said Heather Grady, vice president of Rockefeller Philanthropy Advisors, which leads the project along with the U.N. Development Programme and the Foundation Center.
The SDG Philanthropy Platform was highlighted at a Global Partnerships Week kickoff event in Washington, D.C., last week as one of several examples of how sectors are aligning around the SDGs and building cross-sector partnerships to address them.