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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Thanks to the incredible work of IKEA co-workers and our 248 partners on the ground, weโ€™ve been able to take meaningful steps towards tackling the two biggest threats to humanity: poverty and climate change ๐ŸŒ

Do you want to see what โ‚ฌ2 billion worth of impact looks like for #PeopleAndPlanet? Follow the link in our bio ๐Ÿ”—

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With a strong focus on impact, the initiative educates and equips corporate non-executive board members with the tools to address climate change in their businesses, and beyond. 

The Climate Governance Initiative is a global network dedicated to mobilising boards to accelerate the transition to net-zero and build climate resilience, and is now reaching 100,000+ business leaders worldwide. 

Read the Annual Report via the link in our bio ๐Ÿ”—

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  • The Science Based Targets Initiative (SBTi), a longstanding partner of the IKEA Foundation, has contributed to a growing demand for corporate decarbonisation.

In 2023 alone, the SBTi doubled its corporate validations. 4,204 companies have been validated so far for their ambitious emission reduction targets.

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โ€œWe are just at the beginning. A glorious future!โ€ - Ingvar Kamprad

Thanks to the incredible work of IKEA co-workers and our 248 partners on the ground, weโ€™ve been able to take meaningful steps towards tackling the two biggest threats to humanity: poverty and climate change ๐ŸŒ

Do you want to see what โ‚ฌ2 billion worth of impact looks like for #PeopleAndPlanet? Follow the link in our bio ๐Ÿ”—

#ClimateChange #ClimateAction #Livelihoods
โ€œWe are just at the beginning. A glorious future!โ€ - Ingvar Kamprad

Thanks to the incredible work of IKEA co-workers and our 248 partners on the ground, weโ€™ve been able to take meaningful steps towards tackling the two biggest threats to humanity: poverty and climate change ๐ŸŒ

Do you want to see what โ‚ฌ2 billion worth of impact looks like for #PeopleAndPlanet? Follow the link in our bio ๐Ÿ”—

#ClimateChange #ClimateAction #Livelihoods
โ€œWe are just at the beginning. A glorious future!โ€ - Ingvar Kamprad

Thanks to the incredible work of IKEA co-workers and our 248 partners on the ground, weโ€™ve been able to take meaningful steps towards tackling the two biggest threats to humanity: poverty and climate change ๐ŸŒ

Do you want to see what โ‚ฌ2 billion worth of impact looks like for #PeopleAndPlanet? Follow the link in our bio ๐Ÿ”—

#ClimateChange #ClimateAction #Livelihoods
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This is stated in the first-ever Annual Report of our partner @hugheshallcam, who worked on the Climate Governance Initiative.

With a strong focus on impact, the initiative educates and equips corporate non-executive board members with the tools to address climate change in their businesses, and beyond. 

The Climate Governance Initiative is a global network dedicated to mobilising boards to accelerate the transition to net-zero and build climate resilience, and is now reaching 100,000+ business leaders worldwide. 

Read the Annual Report via the link in our bio ๐Ÿ”—

#ClimateSolutions #PeopleAndPlanet @worldeconomicforum
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Whatโ€™s more, the SBTi has now been granted charitable status, taking its place as an independent entity and using our $18m funding pledge to drive ambitious corporate #ClimateAction ๐ŸŒ

Read more about this exciting news by following the link in our bio ๐Ÿ”— #CorporateClimateAction
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The #HiddenFoodCosts continue to accumulate โ€” within the 10 seconds you spent reading this post, another $4,684,155 was incurredโ€ฆ ๐Ÿ’ธ 

We need to act now to transition to food systems that are good for people and the planet. 

Learn more about #FoodSystemsTransformation and the hidden food costs by following the link in our bio ๐Ÿ”—

#FixFoodEconomics
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