European Philanthropy Manifesto calls for a Single Market for Philanthropy
Philea, the Philanthropy Europe Association, unveiled the 2024 edition of the European Philanthropy Manifesto, which includes four key recommendations to establish a Single Market for Philanthropy.
« The 2024 European Philanthropy Manifesto proposes clear and concrete ways forward that should be implemented to allow philanthropy to fully play its role to tackle increasing and complexifying societal issues all over Europe.”, says Ludwig Forrest, Co-Chair, Philea Legal Affairs Committee.
Institutional philanthropy in Europe includes more than 186,000 foundations with an accumulated annual expenditure of nearly €64 billion.
The four key recommendations are:
- Empower philanthropy by creating enabling frameworks in line with the fundamental rights of the freedom of association and movement of capital
- Facilitate cross-border philanthropy by removing barriers that cost the sector €100 million annually and prevent work on pressing societal challenges that do not stop at borders
- Engage with philanthropy by better implementing Article 11 of the Treaty on European Union to create an open, transparent and regular dialogue with civil society including philanthropy as well as creating other strategic engagement opportunities with the philanthropy sector.
- Partner with philanthropy for public good by creating more opportunities in strategic programme design, co-granting and in creating incentives for co-investing from endowments – mobilising the untapped potential of billions of euros
The Manifesto was launched in Brussels in the presence of over 100 policymakers and representatives from the philanthropy and wider civil society and social economy sectors.
Find the complete Manifesto here.
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