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:
- 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 2024 edition of the Philanthropy 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.
Institutional philanthropy in Europe includes more than 186,000 foundations with an accumulated annual expenditure of nearly €64 billion. Besides funding and investments, these organisations boast deep expertise and knowledge, as well as excellent stakeholder networks in the areas of their activities, which can be leveraged significantly with the appropriate framework conditions.
Find the complete Manifesto > here