How can we help philanthropic funding work harder?

Desktop with OPX programme

Even when it is readily available, getting money to development and humanitarian organisations often proves inefficient. Funding can be complicated and meeting donors’ vetting and reporting requirements involves time-consuming administration.

To change this, the IKEA Foundation is supporting our partner the Oslo Philanthropic Exchange Foundation (OPX). Established in 2019, the Norwegian-based non-profit foundation is developing a global financing platform to enable innovation and efficiency in philanthropy.

A simpler process

The OPX platform will let investors and grant makers identify humanitarian organisations working on causes they care about and Sustainable Development Goals they prioritise.

Besides simplifying the process of linking donors and recipients, the platform will save time. All organisations will be vetted before being listed and reporting will be standardised. Donations will be made directly through the platform.

OPX will also offer better security to organisations by encouraging investors to commit to multiyear funding. This means a recipient can count on a steady flow of income over a set number of years.

Less paperwork

The platform promises to lighten organisations’ administrative load, as they only need to report to investors via annual or biannual updates and webcasts.

A transparent, predictable funding stream means freeing time and resources for organisations to focus more on their missions than their paperwork.

The first version of OPX will be launched this autumn.

Benefits for communities

Nina Skui Lohk, CEO of OPX, says: “Not-for-profit financing can benefit from best practice and infrastructure in the for-profit capital markets. By working with wealth managers and other advisors in the established for-profit infrastructure, OPX aims to make philanthropy a more natural inclusion in investment portfolios.”

Annemieke de Jong, Head of Refugee Livelihoods at the IKEA Foundation, says: “We provided the initial capital OPX needed to get off the ground because we are committed to global financing that benefits people living in poor communities and affected by displacement. We hope to see many others join the effort in bringing greater efficiency to philanthropic flows.”

Partner

Oslo Philanthropy Exchange Foundation
https://www.opx.org/

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  • HEJ WASTE here! ๐ŸŒ 

We work to reduce plastic waste and improve the conditions faced by informal waste workers ๐Ÿง‘โ€๐Ÿคโ€๐Ÿง‘

In India, 15 million metric tonnes of plastic waste are generated every year, but only around 25% of that waste is recycled. There are also millions of informal waste workers in India who play a key role in plastic waste management but often donโ€™t earn a living wage and are subject to environmental pollution.

Our #2023AnnualReview highlight was about our Financial Inclusion and Improved Livelihoods Out of Plastics (FINILOOP) programme in India, where 364 metric tonnes of additional plastic waste were collected and recycled and, as a result of supporting informal waste workers in obtaining vital government documents, 111 children received access to education. 

Read more about how weโ€™re creating a more positive impact on the livelihoods of waste workers and the planet ๐Ÿ‘‡
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  • HEJ weโ€™re @practical_action! ๐Ÿ‘‹ 

Are you curious to hear what our #2023AnnualReview highlight was? ๐Ÿ’ญ

2023 marked the conclusion of our five-year Transforming Rural Economies and Youth Livelihoods (TREYL) programme. Our partnership with the IKEA Foundation has improved incomes and livelihoods for 9,400 young entrepreneurs, half of them women. 

Learn more about Practical Action and how weโ€™re transforming rural economies and youth livelihoods through #RegenerativeAgriculture to create more opportunities for farmers via the link in our bio ๐Ÿ”—

#AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
  • HEJ! ๐Ÿ‘‹ Weโ€™re @acumenorg and weโ€™re excited to share our #2023AnnualReview highlight from our collaboration with IKEA Foundation. 

Talking about failure can be uncomfortable, but when we donโ€™t, we miss the opportunity to grow. The value of failure is in helping us โ€“ and other funders, philanthropic organisations and companies โ€“ to learn from mistakes, create more impact and make real progress towards eradicating poverty.

Learn more about Acumen and how weโ€™re inviting others to share their learnings from failures and enabling actors to make wiser decisions in the future via the link in our bio ๐Ÿ”—

Stay tuned for the next partner review! โญ 

#AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
  • 2023 marked the halfway point to the deadline of the Sustainable Development Goals (2030) โฐ

For our #2023AnnualReview, we asked some of our partners to take a look back at the past year to reflect on their progress and learnings ๐Ÿ”™

Follow our socials and join us on a journey to see if itโ€™s still possible to change the future of our planet ๐ŸŒ

Read more about our 2023 Annual Review via the link in our bio ๐Ÿ”—

#PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ WASTE here! ๐ŸŒ 

We work to reduce plastic waste and improve the conditions faced by informal waste workers ๐Ÿง‘โ€๐Ÿคโ€๐Ÿง‘

In India, 15 million metric tonnes of plastic waste are generated every year, but only around 25% of that waste is recycled. There are also millions of informal waste workers in India who play a key role in plastic waste management but often donโ€™t earn a living wage and are subject to environmental pollution.

Our #2023AnnualReview highlight was about our Financial Inclusion and Improved Livelihoods Out of Plastics (FINILOOP) programme in India, where 364 metric tonnes of additional plastic waste were collected and recycled and, as a result of supporting informal waste workers in obtaining vital government documents, 111 children received access to education. 

Read more about how weโ€™re creating a more positive impact on the livelihoods of waste workers and the planet ๐Ÿ‘‡
https://ikeafoundation.org/stories/annual-review-2023/ 

#AnnualReviewSeries #WasteSystemsTransformation #WasteManagement #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ WASTE here! ๐ŸŒ 

We work to reduce plastic waste and improve the conditions faced by informal waste workers ๐Ÿง‘โ€๐Ÿคโ€๐Ÿง‘

In India, 15 million metric tonnes of plastic waste are generated every year, but only around 25% of that waste is recycled. There are also millions of informal waste workers in India who play a key role in plastic waste management but often donโ€™t earn a living wage and are subject to environmental pollution.

Our #2023AnnualReview highlight was about our Financial Inclusion and Improved Livelihoods Out of Plastics (FINILOOP) programme in India, where 364 metric tonnes of additional plastic waste were collected and recycled and, as a result of supporting informal waste workers in obtaining vital government documents, 111 children received access to education. 

Read more about how weโ€™re creating a more positive impact on the livelihoods of waste workers and the planet ๐Ÿ‘‡
https://ikeafoundation.org/stories/annual-review-2023/ 

#AnnualReviewSeries #WasteSystemsTransformation #WasteManagement #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ WASTE here! ๐ŸŒ 

We work to reduce plastic waste and improve the conditions faced by informal waste workers ๐Ÿง‘โ€๐Ÿคโ€๐Ÿง‘

In India, 15 million metric tonnes of plastic waste are generated every year, but only around 25% of that waste is recycled. There are also millions of informal waste workers in India who play a key role in plastic waste management but often donโ€™t earn a living wage and are subject to environmental pollution.

Our #2023AnnualReview highlight was about our Financial Inclusion and Improved Livelihoods Out of Plastics (FINILOOP) programme in India, where 364 metric tonnes of additional plastic waste were collected and recycled and, as a result of supporting informal waste workers in obtaining vital government documents, 111 children received access to education. 

Read more about how weโ€™re creating a more positive impact on the livelihoods of waste workers and the planet ๐Ÿ‘‡
https://ikeafoundation.org/stories/annual-review-2023/ 

#AnnualReviewSeries #WasteSystemsTransformation #WasteManagement #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ WASTE here! ๐ŸŒ 

We work to reduce plastic waste and improve the conditions faced by informal waste workers ๐Ÿง‘โ€๐Ÿคโ€๐Ÿง‘

In India, 15 million metric tonnes of plastic waste are generated every year, but only around 25% of that waste is recycled. There are also millions of informal waste workers in India who play a key role in plastic waste management but often donโ€™t earn a living wage and are subject to environmental pollution.

Our #2023AnnualReview highlight was about our Financial Inclusion and Improved Livelihoods Out of Plastics (FINILOOP) programme in India, where 364 metric tonnes of additional plastic waste were collected and recycled and, as a result of supporting informal waste workers in obtaining vital government documents, 111 children received access to education. 

Read more about how weโ€™re creating a more positive impact on the livelihoods of waste workers and the planet ๐Ÿ‘‡
https://ikeafoundation.org/stories/annual-review-2023/ 

#AnnualReviewSeries #WasteSystemsTransformation #WasteManagement #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ WASTE here! ๐ŸŒ 

We work to reduce plastic waste and improve the conditions faced by informal waste workers ๐Ÿง‘โ€๐Ÿคโ€๐Ÿง‘

In India, 15 million metric tonnes of plastic waste are generated every year, but only around 25% of that waste is recycled. There are also millions of informal waste workers in India who play a key role in plastic waste management but often donโ€™t earn a living wage and are subject to environmental pollution.

Our #2023AnnualReview highlight was about our Financial Inclusion and Improved Livelihoods Out of Plastics (FINILOOP) programme in India, where 364 metric tonnes of additional plastic waste were collected and recycled and, as a result of supporting informal waste workers in obtaining vital government documents, 111 children received access to education. 

Read more about how weโ€™re creating a more positive impact on the livelihoods of waste workers and the planet ๐Ÿ‘‡
https://ikeafoundation.org/stories/annual-review-2023/ 

#AnnualReviewSeries #WasteSystemsTransformation #WasteManagement #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ WASTE here! ๐ŸŒ We work to reduce plastic waste and improve the conditions faced by informal waste workers ๐Ÿง‘โ€๐Ÿคโ€๐Ÿง‘ In India, 15 million metric tonnes of plastic waste are generated every year, but only around 25% of that waste is recycled. There are also millions of informal waste workers in India who play a key role in plastic waste management but often donโ€™t earn a living wage and are subject to environmental pollution. Our #2023AnnualReview highlight was about our Financial Inclusion and Improved Livelihoods Out of Plastics (FINILOOP) programme in India, where 364 metric tonnes of additional plastic waste were collected and recycled and, as a result of supporting informal waste workers in obtaining vital government documents, 111 children received access to education. Read more about how weโ€™re creating a more positive impact on the livelihoods of waste workers and the planet ๐Ÿ‘‡ https://ikeafoundation.org/stories/annual-review-2023/ #AnnualReviewSeries #WasteSystemsTransformation #WasteManagement #PeopleAndPlanet #IKEAFoundationHighlights2023
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HEJ weโ€™re @practical_action! ๐Ÿ‘‹ 

Are you curious to hear what our #2023AnnualReview highlight was? ๐Ÿ’ญ

2023 marked the conclusion of our five-year Transforming Rural Economies and Youth Livelihoods (TREYL) programme. Our partnership with the IKEA Foundation has improved incomes and livelihoods for 9,400 young entrepreneurs, half of them women. 

Learn more about Practical Action and how weโ€™re transforming rural economies and youth livelihoods through #RegenerativeAgriculture to create more opportunities for farmers via the link in our bio ๐Ÿ”—

#AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ weโ€™re @practical_action! ๐Ÿ‘‹ 

Are you curious to hear what our #2023AnnualReview highlight was? ๐Ÿ’ญ

2023 marked the conclusion of our five-year Transforming Rural Economies and Youth Livelihoods (TREYL) programme. Our partnership with the IKEA Foundation has improved incomes and livelihoods for 9,400 young entrepreneurs, half of them women. 

Learn more about Practical Action and how weโ€™re transforming rural economies and youth livelihoods through #RegenerativeAgriculture to create more opportunities for farmers via the link in our bio ๐Ÿ”—

#AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ weโ€™re @practical_action! ๐Ÿ‘‹ 

Are you curious to hear what our #2023AnnualReview highlight was? ๐Ÿ’ญ

2023 marked the conclusion of our five-year Transforming Rural Economies and Youth Livelihoods (TREYL) programme. Our partnership with the IKEA Foundation has improved incomes and livelihoods for 9,400 young entrepreneurs, half of them women. 

Learn more about Practical Action and how weโ€™re transforming rural economies and youth livelihoods through #RegenerativeAgriculture to create more opportunities for farmers via the link in our bio ๐Ÿ”—

#AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ weโ€™re @practical_action! ๐Ÿ‘‹ 

Are you curious to hear what our #2023AnnualReview highlight was? ๐Ÿ’ญ

2023 marked the conclusion of our five-year Transforming Rural Economies and Youth Livelihoods (TREYL) programme. Our partnership with the IKEA Foundation has improved incomes and livelihoods for 9,400 young entrepreneurs, half of them women. 

Learn more about Practical Action and how weโ€™re transforming rural economies and youth livelihoods through #RegenerativeAgriculture to create more opportunities for farmers via the link in our bio ๐Ÿ”—

#AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ weโ€™re @practical_action! ๐Ÿ‘‹ 

Are you curious to hear what our #2023AnnualReview highlight was? ๐Ÿ’ญ

2023 marked the conclusion of our five-year Transforming Rural Economies and Youth Livelihoods (TREYL) programme. Our partnership with the IKEA Foundation has improved incomes and livelihoods for 9,400 young entrepreneurs, half of them women. 

Learn more about Practical Action and how weโ€™re transforming rural economies and youth livelihoods through #RegenerativeAgriculture to create more opportunities for farmers via the link in our bio ๐Ÿ”—

#AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ weโ€™re @practical_action! ๐Ÿ‘‹ Are you curious to hear what our #2023AnnualReview highlight was? ๐Ÿ’ญ 2023 marked the conclusion of our five-year Transforming Rural Economies and Youth Livelihoods (TREYL) programme. Our partnership with the IKEA Foundation has improved incomes and livelihoods for 9,400 young entrepreneurs, half of them women. Learn more about Practical Action and how weโ€™re transforming rural economies and youth livelihoods through #RegenerativeAgriculture to create more opportunities for farmers via the link in our bio ๐Ÿ”— #AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
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HEJ! ๐Ÿ‘‹ Weโ€™re @acumenorg and weโ€™re excited to share our #2023AnnualReview highlight from our collaboration with IKEA Foundation. 

Talking about failure can be uncomfortable, but when we donโ€™t, we miss the opportunity to grow. The value of failure is in helping us โ€“ and other funders, philanthropic organisations and companies โ€“ to learn from mistakes, create more impact and make real progress towards eradicating poverty.

Learn more about Acumen and how weโ€™re inviting others to share their learnings from failures and enabling actors to make wiser decisions in the future via the link in our bio ๐Ÿ”—

Stay tuned for the next partner review! โญ 

#AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ! ๐Ÿ‘‹ Weโ€™re @acumenorg and weโ€™re excited to share our #2023AnnualReview highlight from our collaboration with IKEA Foundation. 

Talking about failure can be uncomfortable, but when we donโ€™t, we miss the opportunity to grow. The value of failure is in helping us โ€“ and other funders, philanthropic organisations and companies โ€“ to learn from mistakes, create more impact and make real progress towards eradicating poverty.

Learn more about Acumen and how weโ€™re inviting others to share their learnings from failures and enabling actors to make wiser decisions in the future via the link in our bio ๐Ÿ”—

Stay tuned for the next partner review! โญ 

#AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ! ๐Ÿ‘‹ Weโ€™re @acumenorg and weโ€™re excited to share our #2023AnnualReview highlight from our collaboration with IKEA Foundation. 

Talking about failure can be uncomfortable, but when we donโ€™t, we miss the opportunity to grow. The value of failure is in helping us โ€“ and other funders, philanthropic organisations and companies โ€“ to learn from mistakes, create more impact and make real progress towards eradicating poverty.

Learn more about Acumen and how weโ€™re inviting others to share their learnings from failures and enabling actors to make wiser decisions in the future via the link in our bio ๐Ÿ”—

Stay tuned for the next partner review! โญ 

#AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ! ๐Ÿ‘‹ Weโ€™re @acumenorg and weโ€™re excited to share our #2023AnnualReview highlight from our collaboration with IKEA Foundation. 

Talking about failure can be uncomfortable, but when we donโ€™t, we miss the opportunity to grow. The value of failure is in helping us โ€“ and other funders, philanthropic organisations and companies โ€“ to learn from mistakes, create more impact and make real progress towards eradicating poverty.

Learn more about Acumen and how weโ€™re inviting others to share their learnings from failures and enabling actors to make wiser decisions in the future via the link in our bio ๐Ÿ”—

Stay tuned for the next partner review! โญ 

#AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ! ๐Ÿ‘‹ Weโ€™re @acumenorg and weโ€™re excited to share our #2023AnnualReview highlight from our collaboration with IKEA Foundation. 

Talking about failure can be uncomfortable, but when we donโ€™t, we miss the opportunity to grow. The value of failure is in helping us โ€“ and other funders, philanthropic organisations and companies โ€“ to learn from mistakes, create more impact and make real progress towards eradicating poverty.

Learn more about Acumen and how weโ€™re inviting others to share their learnings from failures and enabling actors to make wiser decisions in the future via the link in our bio ๐Ÿ”—

Stay tuned for the next partner review! โญ 

#AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ! ๐Ÿ‘‹ Weโ€™re @acumenorg and weโ€™re excited to share our #2023AnnualReview highlight from our collaboration with IKEA Foundation. Talking about failure can be uncomfortable, but when we donโ€™t, we miss the opportunity to grow. The value of failure is in helping us โ€“ and other funders, philanthropic organisations and companies โ€“ to learn from mistakes, create more impact and make real progress towards eradicating poverty. Learn more about Acumen and how weโ€™re inviting others to share their learnings from failures and enabling actors to make wiser decisions in the future via the link in our bio ๐Ÿ”— Stay tuned for the next partner review! โญ #AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
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2023 marked the halfway point to the deadline of the Sustainable Development Goals (2030) โฐ

For our #2023AnnualReview, we asked some of our partners to take a look back at the past year to reflect on their progress and learnings ๐Ÿ”™

Follow our socials and join us on a journey to see if itโ€™s still possible to change the future of our planet ๐ŸŒ

Read more about our 2023 Annual Review via the link in our bio ๐Ÿ”—

#PeopleAndPlanet #IKEAFoundationHighlights2023
2023 marked the halfway point to the deadline of the Sustainable Development Goals (2030) โฐ

For our #2023AnnualReview, we asked some of our partners to take a look back at the past year to reflect on their progress and learnings ๐Ÿ”™

Follow our socials and join us on a journey to see if itโ€™s still possible to change the future of our planet ๐ŸŒ

Read more about our 2023 Annual Review via the link in our bio ๐Ÿ”—

#PeopleAndPlanet #IKEAFoundationHighlights2023
2023 marked the halfway point to the deadline of the Sustainable Development Goals (2030) โฐ

For our #2023AnnualReview, we asked some of our partners to take a look back at the past year to reflect on their progress and learnings ๐Ÿ”™

Follow our socials and join us on a journey to see if itโ€™s still possible to change the future of our planet ๐ŸŒ

Read more about our 2023 Annual Review via the link in our bio ๐Ÿ”—

#PeopleAndPlanet #IKEAFoundationHighlights2023
2023 marked the halfway point to the deadline of the Sustainable Development Goals (2030) โฐ

For our #2023AnnualReview, we asked some of our partners to take a look back at the past year to reflect on their progress and learnings ๐Ÿ”™

Follow our socials and join us on a journey to see if itโ€™s still possible to change the future of our planet ๐ŸŒ

Read more about our 2023 Annual Review via the link in our bio ๐Ÿ”—

#PeopleAndPlanet #IKEAFoundationHighlights2023
2023 marked the halfway point to the deadline of the Sustainable Development Goals (2030) โฐ

For our #2023AnnualReview, we asked some of our partners to take a look back at the past year to reflect on their progress and learnings ๐Ÿ”™

Follow our socials and join us on a journey to see if itโ€™s still possible to change the future of our planet ๐ŸŒ

Read more about our 2023 Annual Review via the link in our bio ๐Ÿ”—

#PeopleAndPlanet #IKEAFoundationHighlights2023
2023 marked the halfway point to the deadline of the Sustainable Development Goals (2030) โฐ For our #2023AnnualReview, we asked some of our partners to take a look back at the past year to reflect on their progress and learnings ๐Ÿ”™ Follow our socials and join us on a journey to see if itโ€™s still possible to change the future of our planet ๐ŸŒ Read more about our 2023 Annual Review via the link in our bio ๐Ÿ”— #PeopleAndPlanet #IKEAFoundationHighlights2023
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