Collection
Share:

Funding the Future: Grantmakers Strategies in AI Investment

Report by Project Evident: “…looks at how philanthropic funders are approaching requests to fund the use of AI… there was common recognition of AI’s importance and the tension between the need to learn more and to act quickly to meet the pace of innovation, adoption, and use of AI tools.

This research builds on the work of a February 2024 Project Evident and Stanford Institute for Human-Centered Artificial Intelligence working paper, Inspiring Action: Identifying the Social Sector AI Opportunity Gap. That paper reported that more practitioners than funders (by over a third) claimed their organization utilized AI. 

“From our earlier research, as well as in conversations with funders and nonprofits, it’s clear there’s a mismatch in the understanding and desire for AI tools and the funding of AI tools,” said Sarah Di Troia, Managing Director of Project Evident’s OutcomesAI practice and author of the report. “Grantmakers have an opportunity to quickly upskill their understanding – to help nonprofits improve their efficiency and impact, of course, but especially to shape the role of AI in civil society.”

The report offers a number of recommendations to the philanthropic sector. For example, funders and practitioners should ensure that community voice is included in the implementation of new AI initiatives to build trust and help reduce bias. Grantmakers should consider funding that allows for flexibility and innovation so that the social and education sectors can experiment with approaches. Most importantly, funders should increase their capacity and confidence in assessing AI implementation requests along both technical and ethical criteria…(More)”.

Share
How to contribute:

Did you come across – or create – a compelling project/report/book/app at the leading edge of innovation in governance?

Share it with us at info@thelivinglib.org so that we can add it to the Collection!

About the Curator

Get the latest news right in you inbox

Subscribe to curated findings and actionable knowledge from The Living Library, delivered to your inbox every Friday

Related articles

Get the latest news right in you inbox

Subscribe to curated findings and actionable knowledge from The Living Library, delivered to your inbox every Friday