This is the first session of a 6-part webinar series on trust-based philanthropy focused on addressing common questions, clarifying misconceptions, and exploring ways to overcome obstacles in implementing trust-based philanthropy. In this session, we will clarify the misperception that trust-based philanthropy means unconditional trust and dig into the nuances of why trust is an important vehicle for more equitable funder-grantee relationships. Speakers will share how they have cultivated (and maintained) trust, how they model and reinforce mutual accountability in a trust-based way, and how they have worked through challenging moments when trust breaks down.