New Philanthropy Capital
Early Interventions: An Economic Approach to Charitable Giving takes a different approach to philanthropy, looking at the subject through a "return-on-investment" perspective. It analyses social issues in the UK and considers which interventions can bring about opportunities for private funders to help improve the overall economic well-being of society.
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he report highlights the estimated £100bn combined cost impact of some of the most difficult social issues and looks at how private funders can help tackle the root causes of these issues, and in turn deliver significant savings to state and help individual lives. It identifies that early intervention is key to tackling serious social issues which can later become entrenched, therefore bringing significant cost savings to state finances. Key findings include:
- Early intervention is key to tackling issues responsible for entrenched social problems further down the line. Together these three issues can cost society around £100bn per year. These are:
o Families with complex and multiple problems (£12bn)
o Conduct problems in children and adolescents (£51bn)
o Employment of adults with mental health problems (£45bn)
- Private funders are best placed to invest in early-stage innovative approaches, that can bring about significant cost savings, whilst impacting individual lives
- The report identifies three distinct groups of charitable givers:
o The Gift Givers (time-poor cash donators)
o Focused Funders (ambitious supporters over a number of years)
o Change Makers (long-term givers ready to take risks)
Against a backdrop of recent social unrest, government spending shifts in the UK and a continued challenging economic climate, charitable giving is under intense scrutiny and some charities are seeing their levels of funding dramatically reduced. The report argues that as a result, private funders have an increased opportunity to fund initiatives on which the government may be scaling back, generating considerable cost savings for society. It aims to provide individuals with guidance that pinpoints how they can make the most difference through their philanthropic activity, and helps aid their decision-making process.