On the European Day of Foundations and Donors, Philea and Impact Europe presented recommendations for policymakers to enhance impact investments and collaboration. They emphasize the need for diverse actors to address complex societal challenges, advocating for the use of private, public, and philanthropic resources. The recommendations, launched in the European Parliament, call for enabling impact investing at the program level, developing a co-investment facility under the InvestEU financial program, and integrating philanthropy in the next Multi-Annual Financial Framework. Despite ongoing engagement from philanthropic organizations in impact investing, restrictive laws often impede these efforts, as highlighted in Philea’s legal analysis. There is significant potential in leveraging capital for social change, and the development of enabling frameworks is essential to support philanthropic initiatives. There is significant potential in leveraging capital for social change, and the development of enabling frameworks is essential to support philanthropic initiatives. The full recommendations can be accessed online. Read more here.
Source: Philea