Business Barbados 2022

establishment of such a fund and the strategic development of a philanthropic ecosystem framework for Barbados (see Figure 5). Recent anecdotal evidence suggests that philanthropists and International Development Agencies would find such a fund attractive and facilitative of their desire to support Barbados’ social development. What they need most is a credible ecosystem and professionally managed financial vehicle, such as the proposed “Social Solar Fund”, with the Below: Figure 5: Core components of a strong and compelling Philanthropic Ecosystem for Barbados – Proposed framework vision right level of Government policy backing. With a coordinated approach that supports existing policy goals, we can design and develop a Barbadian philanthropic ecosystem and interventions that catalyse a more sustainable, adaptive, equitable and caring society while bettering our world with creative, empathetic, sustainable and cost effective frameworks and approaches that are good for our triple bottom line – our people, planet and profit. 113 BUSINESS BARBADOS 2022 D E S I G N I N G A S U S T A I N A B L E P H I L A N T H R O P I C E C O S Y S T E M