Philanthropy is a long-established part of society. How it will be used to change societal institutions will be changing in the coming decade. Giving has a huge impact on the way society functions and has the potential to change things for the better. Here are some upcoming trends in philanthropy.
Technologically-Guided Giving

One thing on the horizon in regards to philanthropical giving is relying on technology more often. AI and other technologies can help people decide the most effective ways to allocate money and other resources. This use of technology can help target resource allocation in a way that allows prevention and intervention before things reach crisis levels. Relying on technology more will not only make giving more effective, it can also act as another way to garner money and resources. Technology is a huge source of money and resources, so tapping into it is prudent.

More Investment In Women And People Of Color

When it comes to distribution of capital to entrepreneurs, women and people of color have traditionally been left out. This is going to be shifting throughout the next decade. There is a push toward a much more equitable economy that works for everyone. Investors are interested in helping those who were usually left behind when it came to giving. Besides equality, another benefit of giving to women and people of color is that their businesses help their communities or benefit society. Women-owned businesses have been shown to create more jobs also.

Giving Focused On Prion Reform

Philanthropy is predicted to be even more focused on reforming the current prison system in the next decade. People are seeing how expensive, wasteful, and inequitable the system is and wanting to improve it. Through activism, research, and updating outdated policies, philanthropy wants to make the prison system better. Another way this change will happen is by convincing companies and investors to not be financially linked to private prisons and maintaining the current system. Companies will be able to use the money they divert from these things to make positive impacts and also show clients and investors that they take prison reform and equality seriously by investing in activism, policy change, or other beneficial giving.