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November 2009 "Life's most persistent and urgent question is: what are you doing for others?" - Martin Luther King Jr.
PHILANTHROPY ROUNDTABLE - Phil Anschutz’s business interests range from energy, transportation, and telecommunications to hospitality, entertainment, real estate, and media. Phil and his wife Nancy have also spent the last quarter-century investing in a broad variety of charitable giving. For them, charitable enterprise is indispensible. They understand that no outcomes are guaranteed. What matters is action. read more...
COLORADO SPRINGS GAZETTE - Al Mueller helps people give away their money. Doesn’t sound too hard, right? But the former investment adviser says giving away money effectively is harder than making money. Mueller founded Excellence in Giving seven years ago in Colorado Springs, and the firm serves wealthy clients by managing their philanthropy. read more...
WALL ST. JOURNAL - It's hard to overstate the crisis facing charitable giving today. Much of current philanthropic giving neither meets the needs of our organizations nor addresses some of our most urgent public needs. Foundation practices today are too bureaucratic, inflexible and cautious, and too focused on short-term objectives. And our depressed economy is exacerbating this crisis. What can foundations and others do to make a difference for the nonprofits and the people they are designed to help? read more...
FORBES - How to pull Africa out of its desperate poverty? Amid the different approaches crafted by celebrities and philanthro-billionaires comes a backlash against the entire aid system. A group of economists now argue that the answer has been under our noses since the end of World War II. The Marshall Plan that was used to rebuild Europe could be repurposed to transform Africa. read more...
NEW YORK TIMES - IFor the super-rich, "philanthrocapitalism" began with a belief that their success in business could be applied to social problems. Innovation and market forces tended to try to bypass government. But many, like Bill Gates, are beginning to realize that if they want to achieve sweeping change, they have to start exercising disproportionate influence in politics. read more...
KARDIA PLANNING - When clients see the results of our Master Stewardship Plan designs, they often look at us in disbelief and ask, “How did you do that?” The plans seem to indicate that $2 + $2 = $11. But it is not “smoke and mirrors” and it is not “magic.” What they are seeing is the effect of the careful and strategic integration of three powerful planning concepts –- all combined into one carefully integrated Master Stewardship Plan. read more...
CHRONICLE OF PHILANTHROPY - In January the Foundation Center estimated that foundations would reduce their grant making 8 to 13 percent, but a new survey from the New York research group indicates that “the decline will be on the steeper end of that range.” And for 2010 the giving picture doesn’t look any rosier. read more...
FINANCIAL TIMES - Deutsche Bank and a major microfinance company are trying to rehabilitate the much-maligned collateralised debt obligation as a means of funnelling money from global capital markets into the pockets of the world’s poorest people. A $21.2m CDO is being sewn up to deliver funds to places such as the Congo and Azerbaijan. This move comes as microfinance institutions search for new ways to access international capital markets amid growing demand and investor interest. read more...
NEW YORK TIMES - A cautionary tale for donors who entered into two time-tested, long-term giving arrangements — charitable gift annuities and donor-advised funds — has emerged from bankruptcy court. At the National Heritage Foundation, 9,000 donor-advised funds totaling $25 million in value were wiped out under a reorganization plan. Experts say the this is an outlier rather than a sign of a sector problem. But even this rare event raises the possibility that similar cases could follow. read more...
HALFTIME - Dale
Dawson banked his success as CEO of TruckPro,
which he eventually sold to AutoZone. But when
Dale hit his 50s, the thrill was gone. As he
surveyed his life, Dale knew there was a vaccuum.
So, he used his venture capital skills to expand
Sonrise, a boarding school in Rwanda for orphans
of the 1994 genocide. He is now helping to
provide jobs for Rwandans and transform them from
poverty to entrepreneurship. read more...
For
philanthropists of the past, charity was often a
matter of simply giving money away. For the
philanthrocapitalists—the new generation of
billionaires who are reshaping the way they
give—it’s like business. Largely
trained in the corporate world, these
“social investors” are using
big-business-style strategies and expecting
results and accountability to match. Bill Gates,
the world’s richest man, is leading the way:
he has promised his entire fortune to finding a
cure for the diseases that kill millions of
children in the poorest countries in the world.
In Philanthrocapitalism, Matthew Bishop and
Michael Green examine this new movement and its
implications. Proceeding from interviews with
some of the most powerful people on the
planet—including Gates, Bill Clinton, Warren
Buffett, Oprah Winfrey, and Bono, among
others—they show how a web of wealthy,
motivated donors has set out to change the world.
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