What Is the New Era of Philanthropy and Its Impact?

TL;DR

The new era of philanthropy is marked by increasing wealth, strategic giving, and a focus on long-term impact. It sees a shift towards innovative models like online giving and social entrepreneurship that address root causes of social issues. However, challenges remain in finding the right direction and balancing immediate action with sustainable efforts.

Transcript

good evening I'm Stuart brand from the long now foundation now last time I was at a gathering like this talking about philanthropy I gave away twenty thousand dollars in cash to the audience to figure out what to do with that's not going to happen tonight but if it was the way to do it would be make it two million dollars in cash lock the doors tur... Read More

Key Insights

• 😮 The new philanthropy is driven by increasing wealth and changing cultural values, resulting in a rise in large foundations and individual giving.
• 💢 The new era of philanthropy is characterized by strategic giving, addressing root causes and long-term impact.
• 🖐️ Technology has played a significant role in enabling new models of philanthropy, such as online giving platforms and social entrepreneurship.
• 🌚 Challenges faced by the new philanthropy include determining the right direction, developing smart strategies, and balancing immediate action with long-term sustainability.

Questions & Answers

Q: What is the key difference between traditional philanthropy and the new philanthropy?

The new philanthropy emphasizes strategic giving, focusing on long-term impact and addressing root causes, rather than simply providing charity.

Q: How has technology impacted philanthropy?

Technology has enabled new models of philanthropy, such as online giving platforms and social entrepreneurship, allowing for greater connectivity and scalability.

Q: What are some challenges faced by the new philanthropy?

Challenges include determining the right direction for giving, developing smart strategies, and balancing the need for immediate action with long-term sustainability.

Q: How can individuals participate in the new philanthropy movement?

Individuals can participate by expanding their circle of empathy, seeking knowledge and understanding, and collaborating with others to maximize impact.

Summary & Key Takeaways

• The new era of philanthropy is driven by a growing number of wealthy individuals and large foundations.

• There is a shift towards strategic giving, focusing on long-term impact and addressing root causes.

• Technology and globalization have enabled new models of philanthropy, such as online giving and social entrepreneurship.