The Pearl Initiative and the Bill & Melinda Gates Foundation extend their partnership to enhance the effectiveness of giving across the Gulf Region
The Pearl Initiative, the leading non-profit organisation promoting a corporate culture accountability and transparency in the Gulf Region, announces the launch of the second phase of its Governance in Philanthropy programme.
The programme was launched in August 2017 with support from the Bill & Melinda Gates Foundation, as a one-year initiative to promote the value of good governance practices in philanthropy and their role in enhancing the effectiveness of giving in the Gulf Region.
The research report released from the first phase titled, “The State of Governance in Philanthropy – Gulf Region”, highlights that evaluating and reporting on the impact of philanthropic initiatives remains a challenge for the regional ecosystem. While most Gulf-based institutional donors undergo some form of impact assessment, the Pearl Initiative’s research indicates that the ecosystem requires further training to ensure that their philanthropic efforts create their intended impact.
The objective of the second phase of the programme is to address these challenges and promote the adoption of improved governance practices in philanthropy through the delivery of practical workshops, case studies and knowledge-sharing discussions.
Further, the Pearl Initiative launched the “Gulf Business Philanthropy Circle”, bringing together leading corporate and family business donors from the Gulf Region to address opportunities and challenges in their philanthropic endeavours. The Circle’s ultimate goal is to strategically drive the agenda of institutional giving in the Gulf Region.
Commenting on the programme objectives, the Pearl Initiative’s Executive Director, Yasmine Omari, explains: “With increasing philanthropic capital in the region, we have an immense opportunity and responsibility to optimise the effectiveness of the sector. This programme demonstrates the organisation’s commitment to fostering a culture of accountability and transparency not only across the Private Sector, but also across philanthropic organisations in the Gulf Region.”
Founded in 2010, the Pearl Initiative develops programmes and publishes regional research reports and case studies, with aims to influence the regional business and student communities towards implementing higher standards of corporate governance within the Gulf Region.Email This Post