In December 2013, Khazanah Nasional Berhad (Khazanah) incorporated a sister entity, Yayasan Hasanah (Hasanah), as an enhanced and more strategic approach to value distribution. While Khazanah has been involved in Corporate Responsibility initiatives since 2006, the establishment of Hasanah marks a new chapter in Khazanah’s institutionalisation and on-going transformation. This is in line with Khazanah’s capacity building agenda for the nation, and is also in support of the national transformation agenda.
They strive to create real and lasting positive social and environmental changes for Malaysia through their work in the following focus areas: Education; Community Development; Environment; Arts, Heritage & Culture; Knowledge; and Public Spaces. Within these focus areas, they partner with civil society, communities, corporates, and government agencies to design and implement initiatives that will deliver the greatest impact in realising their vision.
True value for the country is created when individuals are empowered to ably participate in society and the economy. As Malaysia continues to develop, and as the world around them continues to change, they will increasingly need innovative thinking and locally-customised levers for solutions to address complex development problems. These aspirations and beliefs are reflected in their commitment to uphold the principles of Empowerment, Trust, Integrity, Inclusiveness, Connected & Authentic (ETIICA).
CONNECTING THE DOTS: ADVOCATE, CONVENOR, ENABLER
As a convenor, they help create an enabling platform in the sector and connect the dots between multiple parties and stakeholders. They can recommend synergies and cross-sector collaborations between Partners, Civil Society Organisations (CSOs) and stakeholders and their programmes, and drive collective impact and knowledge exchange in the sectors they work in. This is a role closely aligned to their strategic priority in effecting long-term social impact.
THEY ARE AN ACTIVE & STRATEGIC COLLABORATOR
Through the Yayasan Hasanah Grants Programme, they support partner organisations operating within their focus areas. They want to enable partners to overcome the myriad of challenges they face, be it fundraising, talent development, organisational management, and more. Therefore, they go beyond traditional grant-making, bolstering the funding support they extend to partners with capacity building initiatives that they run through their Capacity Building Programme. They inherit from Khazanah its Five-Point Engagement Framework, and this guides their collaborative style in their partnerships. By providing the right support, they hope to accelerate and deepen the impact of their partners.
Through their Grants Programme they partner with suitable organisations (e.g., civil society organisations and social enterprises) to deliver solutions in their focus areas. They seek to strengthen their partner’s organisational capacity including the areas of leadership, strategy, governance, human capital, and systems and control; they collaborate in the design and planning of programmes; they monitor and support programme implementation; and they promote relevant data collection and evidence based learning. They also conduct independent audits to advance transparency and accountability.
Their partners are organisations that value integrity and accountability, and are committed to excellence and to collaborate with both beneficiary communities and other related organisations. They prefer to support initiatives that are scalable and has potential multiplier effects that will enable them to achieve mid to long term positive impact.
The funding under their Grants Programme is carried out in two (2) cycles annually and grants are awarded in the months of March and October.
THEY WORK TOWARDS IMPACT
They are impact-driven. While they recognise the importance of individual grantee impact, they are also interested in understanding the collective contributions of various partners and initiatives within their focus areas, and ultimately they would like to measure the gains of their work to the Malaysian society as a whole. They will work continuously with partner organisations to cultivate a high-performance culture within the social and non-profit sectors, build networks, and find grounds for collaboration in the pursuit of a common agenda.