How can we help philanthropic funding work harder?

February 25, 2021

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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  • đź“Ł CleanAirFund’s latest report shows that only 1% of international development funding and 2% of international climate funding has gone towards air pollution in the last six years. CleanAirFund’s mission is to tackle global air pollution and deliver clean air for all 🌍 However, the fight against air pollution is still underfunded. Radical collaboration is necessary to create a future where everyone can breathe clean air 🧑‍🤝‍🧑 We call upon other funders to join us now. Read the full report at the link in bio đź”—
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📣 CleanAirFund’s latest report shows that only 1% of international development funding and 2% of international climate funding has gone towards air pollution in the last six years. CleanAirFund’s mission is to tackle global air pollution and deliver clean air for all 🌍 However, the fight against air pollution is still underfunded. Radical collaboration is necessary to create a future where everyone can breathe clean air 🧑‍🤝‍🧑 We call upon other funders to join us now. Read the full report at the link in bio 🔗
📣 CleanAirFund’s latest report shows that only 1% of international development funding and 2% of international climate funding has gone towards air pollution in the last six years. CleanAirFund’s mission is to tackle global air pollution and deliver clean air for all 🌍 However, the fight against air pollution is still underfunded. Radical collaboration is necessary to create a future where everyone can breathe clean air 🧑‍🤝‍🧑 We call upon other funders to join us now. Read the full report at the link in bio 🔗
📣 CleanAirFund’s latest report shows that only 1% of international development funding and 2% of international climate funding has gone towards air pollution in the last six years. CleanAirFund’s mission is to tackle global air pollution and deliver clean air for all 🌍 However, the fight against air pollution is still underfunded. Radical collaboration is necessary to create a future where everyone can breathe clean air 🧑‍🤝‍🧑 We call upon other funders to join us now. Read the full report at the link in bio 🔗
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📣 CleanAirFund’s latest report shows that only 1% of international development funding and 2% of international climate funding has gone towards air pollution in the last six years. CleanAirFund’s mission is to tackle global air pollution and deliver clean air for all 🌍 However, the fight against air pollution is still underfunded. Radical collaboration is necessary to create a future where everyone can breathe clean air 🧑‍🤝‍🧑 We call upon other funders to join us now. Read the full report at the link in bio 🔗
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New York Climate Week brought together climate leaders from around the world to drive climate action 🌍 The task at hand may, at times, seem unsurmountable. And we’re falling behind in our targets to achieve the Paris agreement. Yet, at IKEA Foundation, we’re optimistic as we see many of the solutions to the climate crisis around us 🙌 During New York Climate Week, we collaborated with our partners to announce new initiatives for #PeopleAndPlanet 💚 We believe we can and we will achieve the climate action that is desperately needed. Do you? 📣 We call on other funders to join us now. #NewYorkClimateWeek #WeCanWeWill
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New York Climate Week brought together climate leaders from around the world to drive climate action 🌍 The task at hand may, at times, seem unsurmountable. And we’re falling behind in our targets to achieve the Paris agreement. Yet, at IKEA Foundation, we’re optimistic as we see many of the solutions to the climate crisis around us 🙌 During New York Climate Week, we collaborated with our partners to announce new initiatives for #PeopleAndPlanet 💚 We believe we can and we will achieve the climate action that is desperately needed. Do you? 📣 We call on other funders to join us now. #NewYorkClimateWeek #WeCanWeWill
5 days ago
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It was great to see leaders gather at We Mean Business Coalition at #ClimateWeekNYC 🌍 Our CEO Per Heggenes joined the We Mean Business Coalition CEO María Mendiluce and other leaders from business and philanthropy.
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It was great to see leaders gather at We Mean Business Coalition at #ClimateWeekNYC 🌍 Our CEO Per Heggenes joined the We Mean Business Coalition CEO María Mendiluce and other leaders from business and philanthropy.
1 week ago
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At a crucial time for the global economy and the planet, IKEA Foundation is proud to support the @worldeconomicforum’s Humanitarian and Resilience Investing (HRI) Initiative in its Call to Action. This is focused on establishing New Partnerships to Mobilize $10 Billion to Support Most Vulnerable Communities 🙌 Follow the link in our bio to learn more 🔗 #SDIM23 #HRI
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At a crucial time for the global economy and the planet, IKEA Foundation is proud to support the @worldeconomicforum’s Humanitarian and Resilience Investing (HRI) Initiative in its Call to Action. This is focused on establishing New Partnerships to Mobilize $10 Billion to Support Most Vulnerable Communities 🙌 Follow the link in our bio to learn more 🔗 #SDIM23 #HRI
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