AVPN, Asia’s largest network of social investors, has launched ImpactCollab, a platform designed to simplify and secure philanthropic efforts. Supported by the Monetary Authority of Singapore (MAS) and the Gates Foundation, ImpactCollab allows AVPN members, grantmakers, and wealth advisers to connect with a curated selection of verified impact organisations. This initiative addresses the challenge of accessing reliable data on credible organisations, a significant barrier for wealth managers and private banks in Singapore.
ImpactCollab is set to empower advisers by providing tools for data-driven decision-making, thus making philanthropy more transparent and accessible. Kevin Teo, Head of ImpactCollab, stated, “The platform enables more reliable, data-driven giving by reducing the barriers to identifying verified and reputable organisations.”
With Asia projected to host over 230,000 ultra-high-net-worth individuals by 2027, the potential for philanthropic capital is vast. However, many funders face obstacles such as high due diligence costs and limited access to verified organisations. ImpactCollab aims to overcome these challenges by offering a trusted starting point for early-stage philanthropists and mitigating reputational risks for institutions.
The platform features a Governance Maturity Framework, co-developed with the Lien Centre for Social Innovation at Singapore Management University, to assess organisations on leadership, transparency, and accountability. Steve Loh, Executive Director of the Lien Centre, emphasised the importance of governance in driving real impact.
Looking forward, AVPN plans to evolve ImpactCollab to support outcomes-based funding through an Outcomes Marketplace, enabling grantmakers to purchase verified social outcomes and scale results-based funding in Asia.
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