5 Signs of the Giving World: Zuckerburg, Impact Investing, Fidelity, Generational Differences and Charitable Policy.
The January 2016 edition of the Chronicle of Philanthropy highlights many stories. But it’s what behind some of the stories that should prompt some further discussion and insight.
- Zuckerburg still in the news. The ChanZuckerberg Initiative is taking shape. Zuckerberg is beginning to lay out plans for his giving, including an emphasis on science. What continues to be remarkable is the issues being raised by their plan for giving: how much should be left for children? is it wise to give away everything? how much is enough? too much? can we use giving to change the world? All of these are great questions.
- Impact Investing. Liesel Pritker Simmons is the co-founder of the Blue Haven Initiative. Blue Haven is a family office set up to manage all of its holdings to answer the question of what social and environmental impact they can have. The approach is novel, allows for experimentation but seeks to achieve maximum good. We’ll continue to see more of these efforts.
- Fidelity Charitable. As one of the largest charities in the United States, Fidelity is under scrutiny for not disclosing the salary of their chief executive officer. Some have likewise criticized Fidelity for not being truly charitable and more focused upon investment management. On the other hand, groups like the National Christian Foundation stand out in contrast for their large giving percentages.
- Generational Differences. Like the business world, the charitable world has 4 generations at work all at once. The merger of these communication styles is a work in progress.
- Charitable Policy. Emmett Carson advocates for the merger of two strong non profit organizations but the underlying tint to the article is the underscored need for the charitable world to have more unifying voices. This need for a strong voice is particularly relevant given the attacks some have made to curtail the charitable deduction.
What do you think of any of these issues and trends?