You are the future of philanthrophy

Katherine Fulton's 3 nuggets of advice for how to give generously with limited resources

World map in coin collection



 “This is to philanthropy what eBay and Amazon are to commerce. Think of it as peer-to peer philanthropy. And this challenges yet another assumption, which is that organised philanthropy is only for the very wealthy. Take a look, if you haven’t, at DonorsChoose. Omidyar Network has made a big investment in DonorsChoose. It’s one of the best known of these new marketplaces where a donor can go straight into a classroom and connect with what a teacher says they need. Take a look at Changing the Present, started by a TEDster, next time you need a wedding present or a holiday present.”



“I call this ‘aggregated giving’. It’s challenged another assumption, that every giver should have his or her own fund or foundation. There are now, today, so many new funds that are aggregating giving and investing, bringing together people around a common goal, to think bigger. One of the best known is Acumen Fund, led by Jacqueline Novogratz. But there are many others: New Profit in Cambridge, New School’s Venture Fund in Silicon Valley, Venture Philanthropy Partners in Washington, Global Fund for Women in San Francisco.”



“Social investing tackles the biggest assumption of all, that business is business, and philanthropy is the vehicle of people who want to create change in the world. Xigi is a new community site that’s built by the community, linking and mapping this new social capital market. It already lists 1,000 entities that are offering debt and equity for social enterprise. So we can look to these innovators to help us remember that if we can leverage even a small amount of the capital that seeks a return, the good that can be driven could be astonishing.”

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