InstructionsInitiating a ProjectIn the previous unit assignment, you developed a project proposal based on the project that you chose. Your instructor should have provided you with an approval to proc
Philanthropic Coalition of the ABC Company
Rebecca L Parks
Date: 03/30/2021
Philanthropic Coalition of the ABC Company
ABC is a company in the technology industry and has grown over time with the community's help. As a result, it is only necessary for the company to extend its hands to reach out to the community and give back where necessary through philanthropic activities.
Purpose of the Project and Objectives
Philanthropy is an essential part of a society that is deeply embedded in democracy. Philanthropy purposely focuses on solving and eliminating the various social problems that affect humankind in a community and society at large. It is meant to support the projects from which everyone in the society benefits, including museums, libraries, and scientific research. It also aims at popularizing unpopular efforts by society.
The program's objectives are to support individuals who are beneficial to the community, like doctors, to acquire more training in the lagging areas to benefit from their knowledge and experience. We are also aiming at providing scholarships to university students pursuing medical courses since, with the declining number of health specialists, society needs more professionals in the fields.
We aim to build community foundations to help build the people one on one by empowering them. Through the community foundations, we intend to make society self-reliant by enabling them to eradicate poverty. We also want to start social enterprises that sell necessary commodities to society at friendly prices. Through social enterprises, every community member will be able to afford a decent living.
Assumptions and Benefits
As a well-established company that has been able to create immense wealth over the years, we assume that everyone in society deserves to be given an opportunity in terms of financial support to create a sustainable livelihood. We also assume that healthcare is the priority to wealth creation. The benefits that come with this project include sufficient and effective healthcare to society.
Another benefit the program offers is an affordable lifestyle to every member of the society through the social enterprises that sell products like food, clothing, and basic household necessities at cheaper and affordable prices. Students from low-income families wishing to take health-related courses can acquire scholarships and study perfectly. The community foundations will teach people wealth creation techniques to enable them to have economic stability.
Constraints of the Project
The economic crisis due to the economic recess is the major challenge that the project team is facing. Some donors are practically reducing the size of their donations to the project due to reduced budget costs. Another challenge we are presented with is that the project is new, and therefore, data collection is difficult.
Activities Associated with the Project
The major activities associated with the project include:
Defining a focus
Assessing needs
Giving locally
Venture philanthropy
Creation of social enterprises
Supporting individuals
Establishing social investments
Providing financial support to the people through microfinance establishments
Creating trusteeship that manages the project.
Organizing charity events to raise funds.
Creating community foundations
Effecting community change through revolutionary ideas
Attracting and managing serious talents in sports and arts
Re-elevating the benefit and costs of expanding our presence directly in the country.
Securing a financially sustainable future
Supporting local initiations of social care and health reforms
Enlarging our outreach and impact on the community by expanding our program.
Managing the volunteers who support and work with us in implementing the project.
Linking with healthcare and research organizations to create a modern healthcare system that is self-sufficient.
Providing quality education for the health sector.
Approach to Building a Project Team for this Project.
To build an effective team, we involve different departments such as HR for workforce sourcing and the financial team for fund management. Additionally, the research team for adequate data collection, the IT team for automation, the management team to oversee the project activities, the transport team, and the procurement team. The team must have a proper feedback system, decision-action log, clearly set road maps to achieve the objectives, and reward top performers.