One of the Giving Pledge philanthropists and co-founder of Microsoft, Paul Allen, recently died. But at his death he was worth more than he was when he signed the Giving Pledge, a pledge that 186 of the wealthiest philanthropists have made to give away half of their net worth before they die.
This inspired Alana Semuels, writing in the Atlantic, to ask whether the Giving Pledge is realistic. When Allen signed the Pledge in 2010 he was worth $13.5 billion, when he died he was worth $20 billion. So despite the fact that he made many large donations to nonprofits during that time, he dramatically failed to meet his pledge.
Last week, 29 philanthropists pledged $4 billion over the next five years to combat climate change—the largest-ever philanthropic investment focused on climate change mitigation. The announcement, made at the Global Climate Action Summit (GCAS) in San Francisco, represents a broad global commitment to accelerate proven climate and clean-energy strategies, spur innovation and support organizations around the world working to protect the air they breathe and the communities they call home.
“Impact investing”–financial investments designed to generate a measurable, positive impact on society, while also providing potential returns–is growing in popularity, according to research conducted by American Century Investments . The “appeal” of impact investing reached 49 percent among 2018 survey participants, compared to 38 percent in 2016. At 56 percent, Millennials find impact investing most appealing, followed by Gen Xers and Baby Boomers at 52… Read more »
At a time of staggering inequality, wealthy individuals are using donor-advised funds, or DAFs, to claim substantial tax benefits, while often failing to move funds in a timely manor to independent nonprofits addressing urgent social needs. Of particular concern are the growing number of DAFs founded by for-profit Wall Street financial corporations that provide incentives for the warehousing of wealth. This report, Warehousing Wealth:… Read more »
Did you know that every 30 seconds someone becomes a victim of modern-day slavery? Or that there are 48.8M slaves in the world today? 22% are sex slaves. And I’m embarrassed to say that Texas is ranked #2 in the nation for the most reported human trafficking cases. The average age an American girl enters the sex trade is 13. And shockingly, 400 trafficked, underage teens work the streets of Dallas each night. And finally, there are illegal massage business working trafficked girls by schools and even in our wealthiest neighborhoods . . . think about it.
Institutional Investors That Can Parse the Vast Landscape of Racial Equity Issues and Ask the Right Questions of Investment Managers Will Have Leg up A new report by investment firm Cambridge Associates on social equity investing – the practice of making financial investments that promote equal opportunity for all, regardless of background – points out that when those allocations focus on racial equity, the… Read more »
A well-educated citizenry is an economic and social necessity. Policy makers, educators, and parents all over the world want students to understand and be able to apply their knowledge of math, reading, and science. Yet improving educational outcomes has proved elusive. Some countries, states and municipalities have made great strides, but many continue to struggle. Educators continue to debate what matters and what works.
NoVo Foundation is dedicated to building a more just and balanced world. Founded in 2006 by Jennifer and Peter Buffett, NoVo has become one of the largest private foundations in the world to support initiatives focused explicitly on girls and women, including a dedicated focus on ending violence against girls and women and supporting adolescent girls.
On Sunday, a day we as a nation set aside to honor fathers and the bonds of family, I was among the millions of Americans who watched images of children who have been torn from their parents. In the six weeks between April 19 and May 31, the Department of Homeland Security has sent nearly 2,000 children to mass detention centers or foster care. More than 100 of these children are younger than 4 years old. The reason for these separations is a zero-tolerance policy for their parents, who are accused of illegally crossing our borders.
2018 Champion Cities Austin, TX: Using Blockchain to Vouch for Identities of the Homeless The City of Austin will use blockchain technology to provide homeless residents with a unique identifier that allows them to access their personal records at any time, enabling access to critical services. Boston, MA: Bringing Equity to Street Repairs The City of Boston will infuse equity into the City’s approach… Read more »
Every year, the country’s best chefs join together with one goal in mind: end childhood hunger in America by supporting No Kid Hungry Dinners presented by Citi. In more than a dozen cities across the nation, guests enjoy a one-of-a-kind dining experience curated by each city’s premier culinary talent and participate in unique food, travel and lifestyle auctions – all while raising funds for No Kid Hungry, Share Our Strength’s campaign to end childhood hunger in America.
In San Antonio, we are proud to be hosted for the second time by Chef John Brand at Hotel Emma. In addition to delicious food and find
For more interesting articles, visitAcross industries and regions, the concept of organizational agility is catching fire as companies scurry to deal with rapid change and complexity. Yet, achieving the ability to reshape themselves quickly is proving elusive for most. The findings of McKinsey’s first global research study of agile organizations underscores the difficulties in achieving their desired nimbleness. But it also illuminates that getting agile right delivers substantial rewards ranging from efficiency improvements and improved customer satisfaction, to faster time to market.
Many believe that Impact and Sustainable Investing is a niche in the investment industry reserved for religious, environmental and social impact foundations. There is also a perspective that “Impact Investing” involves sacrificing investment returns to “do good” and become a “socially conscious” investor. The fact is that neither of those presumptions is true and that Impact Investing is rapidly going mainstream.
Based on the largest analysis of overall and online giving data, Blackbaud, Inc. (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today announced the availability of its annual Charitable Giving Report, featuring the earliest, most comprehensive look at how fundraising performed in 2017.