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- Title
Learning From the Opportunities and Challenges of a Philanthropy-Private Sector Partnership.
- Authors
Scott, Victoria C.; Lamont, Andrea; Wandersman, Abraham; Snapper, Leslie; Shah, Mona; Eaker, Erik
- Abstract
A philanthropy - private (sector) partnership (PhPP) is a cross-sector partnership that is rare in practice. These collaborations have the potential to yield positive returns for philanthropy organizations, businesses, as well as the broader community. This article draws upon an evaluation of the Robert Wood Johnson Foundation and Humana partnership to highlight key insights for forming and implementing a formal partnership between a philanthropy organization and an investor-owned business. For philanthropy staff interested in establishing a PhPP, the findings suggest the following four key considerations: 1) exercise due diligence in exploring partnership fit, 2) actively engage philanthropy staff and address key partnership issues, 3) use a process of co-creation on partnership activities, and 4) continuously monitor and assess the partnership.
- Subjects
BUSINESS partnerships; NONPROFIT organizations; BUSINESS enterprises
- Publication
Foundation Review, 2018, Vol 10, Issue 2, p67
- ISSN
1944-5660
- Publication type
Article
- DOI
10.9707/1944-5660.1416