Nathaniel, thank you for these thoughts on what the future of philanthropic work could--or should--be. It's a difficult balancing act between covering operations, ensuring sustainability and addressing the needs being served, but you make a compelling argument for pushing harder towards that latter focus. I think as social entrepreneurship grows, we're going to see the growth of riskier, more innovative philanthropy as well.
I recently read a statistic stating that entrepreneurs give 25% more to charity than other high networth households. Entrepreneurs both invest wisely, and, take risks. And so it parallels their philanthropy: Entrepreneurs are more likely than other high networth donors to donate to education (sound investment in the future) and international (a bit riskier but with a higher return/impact).
Another positive is the donation of themselves: Almost 80% of wealthy entrepreneurs volunteer their time. Thirty percent of entrepreneurs donate 200+ hours per year, more than other wealthy individuals.
And as entrepreneurship, and especially social entrepreneurship, grow as trends...it will be exciting to see what other trends result!
Steve, an insightful and thorough gateway for us all on striving to track and measure results. I'm particularly excited that this can be applied across donors, high networth donors and corporates.
Do you see a time when most Fortune 500 comnpanies can use a similar tool, or do you think that each company will need to customize their tracking?
All my best
Pamela Hawley
Founder and CEO
UniversalGiving
Http://www.universalgiving.org
Helping people and companies give and volunteer with quality projects across the world.
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