Edito

Dear Readers,

'Alignment'... the ever-elusive 'Graal' for those of us working in collaborative projects. As in ancient times, this quest is fraught with challenges. By its very nature, it takes time, trust, and commitment.

In today’s context of polarisation and polycrisis, finding alignment is like swimming against a strong current. But foundations are equipped to swim through choppy waters, navigating difficulties with patience, understanding, and curiosity, sowing the seeds of alternative futures.

At NEF, alignment is at the heart of our work. It starts with setting up functional governance and clarity of roles between the three main stakeholders: NEF as the host organisation with ultimate responsibility, the collaborative teams that lead the implementation of fund strategies, and the contributing foundations who provide direction and vision, the North Star. Each partner brings a unique set of expertise and experience, working in complementarity and subsidiarity as much as possible.

A recent American study on collaborative funds offers insights into what it takes to support and strengthen such initiatives. While the European context differs in many ways, it will certainly guide and enrich our thinking at NEF and our organisational planning for the coming years. In this newsletter, you will read about 'areas of enlightenment' where we can celebrate alignment and collaboration. For instance, EPIM has developed an interesting co-leadership model with two directors working together seamlessly. Moreover, the EAISF and Civitates are working on resourcing the implementation of AI legislation across Europe. Indeed, it is time for Europe to take the lead in regulating the development of the digital space, especially amid rapid global technological shifts. These are just a few highlights. Beyond these examples, many of our collaborative projects are experimenting and evolving in their own ways, with valuable lessons to share.

As always, we welcome your feedback and suggestions to continue learning and growing together as we sail towards our North Star.

Peggy Saïller

NEF Executive Director