Like all businesses, effective philanthropy requires strategic planning, thorough due diligence, and long-term commitment. Although success can be measured by social or environmental impact, while a typical business is measured by financial gain, both endeavours require clear criteria, strategic thinking, and a long-term vision to succeed.
Thiam Marais, Partner & Head of our Stellenbosch office, recently hosted a panel of experts for an in-depth conversation about the common denominators of a successful philanthropic enterprise. Thiam welcomed Le Roux van der Westhuizen, Executive Trustee at the Millennium Trust, and Julie Cheetham, Member of the Board of Directors of the Grootbos Foundation. The Millenium Trust is a non-profit organisation that funds and supports educational and economic initiatives across South Africa, while the Grootbos Foundation is an environmental non-profit organisation that is dedicated to conserving the unique flora of Cape Town.
Here, Le Roux and Julie lay out the 4 non-negotiables in their 'philanthopy playbook' for success in any charitable endeavour.
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