Melissa Stevens, executive director of Milken Institute Center for Strategic Philanthropy, offers guidance to high- and ultra-high-net-worth philanthropists on how to navigate the myriad options and make a meaningful impact to address the COVID-19 pandemic.
Stevens, who has overseen the creation and execution of strategies that have influenced more than $1 billion in philanthropic capital, shares insights in a new article published by Giving Compass. "There are a number of ways to put philanthropic capital to work immediately, and tackle the impact of coronavirus from a multitude of angles," she writes.
Among the areas where philanthropists should be actively involved, she highlights:
1. Meeting medical and humanitarian needs
2. Advancing science to diagnose, prevent, and treat COVID-19
3. Building the nonprofit ecosystem
4. Working to bolster specific localities