As a new generation of wealthy corporate leaders turns from their businesses to solving the societal and global problems they see around them, they are fundamentally challenging the role of philanthropy and the nonprofit sector.
The foundation focusses on helping orphans empower themselves with educational programmes, skills development and drug prevention.
In the last 40 years the architecture of voluntary citizen action has been transformed. Why aren’t we fighting back?
Social enterprise and social entrepreneurship (SEE)—a business-inspired approach to solving social problems—has exploded across the United States and the world in the last decade.
“There is an underappreciated paradox of knowledge that plays a pivotal role in our advanced hyper-connected liberal democracies: the greater the amount of information that circulates, the more we rely on so-called reputational devices to evaluate it,” begins an interesting March article in the online Aeon magazine by Gloria Origgi, Italian philosopher and author of last year’s Reputation: What It Is and Why It Matters.
In a recent post reporting on Timothy and Thomas Pearson rescinding their $100 million donation to the University of Chicago, I wondered if the news foreshadowed a future in which a new breed of more hands-on mega-donors revokes gifts with greater frequency due to dissatisfaction with the recipient organization.
Coincidentally enough, the same day the Pearson post hit, the Sanford Burnham Prebys (SBP) Medical Discovery Institute in La Jolla, California announced that an anonymous donor canceled $75 million from a record $275 million gift to the institute in 2015.
The interview focuses on TWI’s reporting practices, which are informed by and aligned with their philosophy of trust-based grantmaking, the idea that philanthropy can be more effective when funders approach their grantee relationships from a place of trust, rather than suspicion. You can read more about this idea and its nine pillars on TWI’s website
Philanthropy’s role in the Arab region is shifting from a more traditional religious and charitable paradigm to one of secular development.
The ongoing outcry about sexual misconduct in charities and international organisations is breathing much needed fresh air into the global aid community. However, there’s little indication that this particular scandal will have a meaningful impact on how foreign aid supports development and social change.