From South Africa to the U.S. and Beyond: Business–Philanthropy Legacy Partnership
Bridging business and philanthropy to finance inclusive growth
Initiative at a glance
A WINGS–Anglo American Foundation–led initiative to institutionalise collaboration between business and
philanthropy, mobilising catalytic capital and structured cross-sector partnerships to drive long-term systemic impact aligned with B20 priorities across presidencies.
Core activities:
- Formalise philanthropy’s engagement framework within the B20 process.
- Build structured spaces for deeper collaboration and thought leadership by convening high-level dialogues at global and national levels.
- Develop and launch Aséli Impact Capital, a permanent-capital fund.
- Publish strategic note and policy briefs on philanthropy, innovative financing mechanisms and partnerships.
- Pilot cross-sector partnership mechanisms.
- Coordinate handover to U.S. philanthropy for continuity in 2026.
Why it matters
Development finance reforms and declining aid underscore the need for stronger alliances that mobilise private and philanthropic capital.
However, collaboration remains fragmented, with no structured space for these sectors to align efforts, share insights, or define philanthropy’s strategic role beyond gap-filling.
“For the first time, philanthropy and business are coming together to build a partnership architecture that endures across B20 presidencies: creating continuity, driving catalytic investment, and shaping a long-term development agenda.”
Benjamin Bellegy, Executive Director, WINGS,and Michael Mapstone, CEO, Anglo American Foundation
Sameera Mehra,