Philanthropists of the world, you’re doing it wrong!

TIME Magazine journalist Dan Kadlec discusses a new book by Stuart Friedman, and offers his own well-reasoned solutions for what ails philanthropy. While we look forward to reading Friedman’s take, we absolutely agree with Kadlec’s three-point plan…

Philanthropists of the world, you’re doing it wrong!

A new book takes issue with those who give for the wrong reasons. Does it really matter why we give, as long as we give? Here are three ways to fix charity.

As baby boomers barrel into retirement in larger numbers with better health and more energy than any previous generation, philanthropy is getting a makeover. Boomers don’t want to give time at a soup kitchen; they’d rather mentor a small business. They don’t want to throw money into the black hole of a mega-charity; they’d rather know how their money is going to be spent — and possibly have something to say about it.

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About PaulLanning

Managing Partner, rpr Fundraising, LLC

One Response to “Philanthropists of the world, you’re doing it wrong!”

  1. Marek March 19, 2014 12:05 am #

    Philanthrocapitalists have already shown that they can shape and push agdeans, Gates for example has been criticised for pushing Malaria up the health tree by simply adding his voice (and his money) he has changed the health agenda in many developing nations. I guess the book in many ways suggests philanthropists become philanthrocapitalists only when they are seeking to work at that agenda change level. It is important to remember that sometimes the best work of the philanthropist comes when they use their networks to influence change rather than simply putting the cash down on the table.I am often concerned when I hear people raise concerns about philanthropy working in a space where government should be and/or is working. Governments tend to have a lousy track record for supporting innovation and taking risks – this is meant to be what philanthropy does well (unfortunately it’s not always the case). Think of what we risk if we suggest that philanthropy shouldn’t support schools or school based education programs? Or health services for that matter? Thoughtful philanthropy should have no limitations.I look forward to your review.

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