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UBS Launches 3 ‘Collectives’ to Connect Philanthropically Minded Clients

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What You Need to Know

  • The Transform Collective will support family-based care for vulnerable children as an alternative to institutional care.
  • The Climate Collective will develop and implement strategies that mitigate the effects of climate change.
  • The Accelerate Collective will explore innovative social finance models to unlock more effective funding to improve the health and education of disadvantaged children.

UBS on Thursday announced the launch of UBS Collectives, which connects the investment bank’s philanthropic clients on issues that matter most to them.

The initiative is designed to help clients combine their expertise and mobilize their capital to fund projects that address child protection, climate change, health and education-related issues.

“Our goal is to mobilize private capital and support effective programs to address some of the most critical challenges of our time, which can best be addressed by working together,” Phyllis Costanza, head of social impact at UBS and chief executive of the UBS Optimus Foundation, said in a statement. 

“We are excited to offer clients the unique opportunity to work alongside their peers and expert practitioners to drive systemic change across some of the most complex philanthropic issues.” 

Clients will have the opportunity to participate in three UBS Collectives.

The Transform Collective will support family-based care for vulnerable children as an alternative to institutional care. UBS, citing a 2020 Lancet study, noted that between 5 million and 6 million children around the world are institutionalized.

Participants will aim to reform policies and practices to protect vulnerable children, strengthen families and reduce the number of children living in institutional care centers. 

The Climate Collective will develop and implement strategies that mitigate the effects of climate change, sequester carbon emissions employing nature-based solutions, support local community development and improve biodiversity in Southeast Asia and beyond. 

The Accelerate Collective will explore innovative social finance models to unlock more effective funding that will improve the health and education of disadvantaged children in West Africa and Southeast Asia. 

“Wealthy philanthropists are interested in more than just donating money — they want to become advocates for the issues they are passionate about,” Tom Hall, global head of philanthropy services at UBS, said in the statement. “To do that, they want to fully understand the root cause of those issues and work with likeminded individuals and experts to create solutions to address them.” 

UBS’s philanthropy services group will mentor and guide the collective’s members over the course of three years. 

In the first year, each collective will build a framework tailored to its respective philanthropic issue, focused on strategy, implementation and measurement of program impact. 

In the second year, members will travel to the locations relevant to their collective, where they will put what they learned from year one into practice. All three UBS Collectives will then convene through webinars, in-person conferences and further site visits to monitor the progress made by their efforts.