ELPIS advices the world-leading philanthropists. Design and implement highly-leveraged philanthropic strategies.
ELPIS provides skill and expertise to engage clients at all stages of the philanthropic cycle. From concept and start-up to on-going operations and succession planning, they help donors create and direct thoughtful and effective charitable giving programs.
• Individual donors and families
• Family foundations, charitable trusts and donor-advised fundholders
• Independent foundations
• Corporations and corporate foundations
• Public institutions and agencies
• Family offices
The management expertise and proprietary network of global experts help our clients achieve lasting, meaningful results.
They work with a range of partners to achieve the goals of the grantmaking entity as the scale of the problems they are trying to solve is large. The partners include the nonprofits, various businesses, and governments. Other partners may co-fund work or help them bring together multiple players working toward a common goal.
ELPIS also advises clients around the world with services related to family office structures and results, project management, event management and security.
With the ongoing socioeconomic crisis in Greece, it is hard to consider the appropriate role of philanthropy. However, the Stavros Niarchos Foundation was trying to cope with this issue since the beginning of the crisis which provided some praiseworthy results. By now, the foundation committed €300 million or $378 million to grants as a response to the crisis. Total grant commitments in Greece are now well over €1 billion. This foundation has two most important principles in their activities. The first one is that philanthropy should not be a replacement for a government’s responsibility to offer public services. The government has obligations to its citizens and has its role in this process. So it is crucial to admit that it is not philanthropy’s role to ensure government´s capacity for their own responsibilities. The second principle is that the priority of the foundation´s supports must be those who are affected by the crisis the most, such as homeless, unemployed, hungry and depressed people or people without healthcare. Addressing to their needs is and should always be the main goal of philanthropy.
This foundation´s commitment of €300 million has been allocated with the help of two major initiatives. The first one occurred in June 2012, as the Foundation committed an initial €100 million to the initiative “Against the Greek Crisis”. The initiative was continued in June 2015 when the Stavros Niarchos Foundation committed an additional €100 million. The second initiative was called “Recharging the Youth” with €100 million directed towards aim to help address Greece’s overly high youth unemployment rate, seeking the creation of better employment prospects and opportunities for the young. [Continue…]
Financial Crisis in Greece affected everyone in this country, from small local businessman to the biggest Greek corporation. And after receiving two financial rescues, a year after the crisis the country was given its third rescue of the €86bn form of international funding. As a result, Greece’s government has been forced to introduce spending within the period of its three separate bailout programs, which significantly made life harder for common people in Greece. These cuts have equally influenced people of all ages with the increasing rise of unemployment, VAT increase and reforms in the pension system, as well as loan repayments, property taxes and energy bills. These draconian conditions are leaving a mark on middle-class society.
According to some sources, almost half a million Greeks have migrated since the beginning of the crisis. Further, the country received bailout loans of €326bn since May 2010, which makes it the biggest rescue program ever in financial history on a global scale.
he World Bank compared the period of the recession with those already seen in eastern European countries in the early 1990’s. For instance, the 20% poorest Greeks have suffered a 42% drop in disposable income since 2009.
Extreme poverty had risen from 2.2 percent in 2009, to 15 percent in 2015, the public opinion survey of 1,300 people showed, with 1.6 million people now living below in extreme poverty. [Continue…]