ABSTRACT
The role of public-private partnership (PPP) in driving systemic change is explored. IBM’s P-TECH model is a case study on leveraging the PPP framework to bridge the education, wealth, and pay gaps in societies globally. Reallocation of capital to underserved groups is crucial for driving systemic change. Philanthropy models require a reset to improve perspective-taking, investment criteria, and fund allocation in order to improve outcomes for the communities they serve. Local investment is an alternative investment that aligns purpose with investments. Significant commitments have been made by CEOs over the past year to underserved groups; as stakeholders, we need to hold organizations to their commitment to drive systemic change. Reporting and promoting transparency is crucial to holding organizations and their leadership accountable. In the 21st century, we must change the conversation around to whom the benefits of organizational success accrue. Leveraging a new paradigm, the Impact Model, supports reallocation of capital in a manner that aligns with community vision and requirements promoting a more just, equitable, and inclusive future for all.
