Philanthropy

=== Impact investment versus traditional philanthropy ===
Traditional philanthropy and [[impact investment]] can be distinguished by how they serve society. Traditional philanthropy is usually short-term, where organizations obtain resources for causes through fund-raising and one-off donations.<ref>{{Cite book|last1=Srivastava|first1=Prachi|last2=Oh|first2=Su-Ann|chapter=Private Foundations, Philanthropy and Partnership in Education and Development: Mapping the Terrain|title=Public Private Partnerships in Education|editor-first1=Susan L.|editor-last1=Robertson|editor-first2=Karen|editor-last2=Mundy|editor-first3=Antoni|editor-last3=Verger|editor-first4=Francine|editor-last4=Menashy|doi=10.4337/9780857930699.00015|year=2012|isbn=9780857930699}}</ref> The [[Rockefeller Foundation]] and the [[Ford Foundation]] are examples of such; they focus more on financial contributions to social causes and less on actions and processes of benevolence. Impact investment, on the other hand, focuses on the interaction between individual wellbeing and broader society by promoting [[sustainability]]. Stressing the importance of impact and change, they invest in different sectors of society, including housing, infrastructure, healthcare and energy.<ref name=":0">{{Cite book|first1=Oliver|last1=Oehri|first2=Christoph|last2=Dreher|first3=Christoph|last3=Jochum|url=http://www.myimpact.li/|url-status=dead|archive-url=https://web.archive.org/web/20160820171106/http://www.myimpact.li/wp-content/uploads/2014/04/My-Impact-Fundamentals-of-Modern-Philanthropy.pdf|archive-date=2016-08-20|title=Fundamentals of Modern Philanthropy: New Perspectives for Foundations|publisher=Center for Social and Sustainable Products AG|year=2014|language=en|access-date=2019-05-20}}</ref>

A suggested explanation for the preference for impact investment philanthropy to traditional philanthropy is the gaining prominence of the [[Sustainable Development Goals]] (SDGs) since 2015. Almost every SDG is linked to environmental protection and sustainability because of rising concerns about how [[Globalization|globalisation]], [[consumerism]], and [[population growth]] may affect the environment. As a result, development agencies have seen increased demands for accountability as they face greater pressure to fit with current developmental agendas.