Aron Ping D’Souza, a young philanthropist and Australian native, first attended a Nexus Summit in London in 2012. There, he was exposed to Sir Ronald Cohen’s work on impact investing and social impact bonds. The idea that for-profit investing could be a vehicle for social impact was new and powerful to him. It ignited his imagination on how he could bring these new relationships and extraordinary ideas back to his home country in the name of good.
“Where do natural resources come from? Did humans buy them from somewhere?
What about our knowledge and abilities? Did we also buy those? Or are they on loan to us?”
John Bloom, RSF Social Finance's Senior Director of Organizational Culture, recently posed these questions to staff. The response was a long stretch of thoughtful silence, it was clear these weren’t easy questions.
Ever since the statistic we call GDP was invented in the 1930s, economists and politicians have used it as a proxy for the public good. It seems reasonable: the more goods and services being bought, the more everyone has—more cars, bigger houses, more music, and more conveniences. As GDP rises, life gets richer and richer.
In a recent article in The New York Times, Michael R. Bloomberg - founder of Bloomberg LP - discusses his approach to philanthropy. Bloomberg has already donated $3.3 billion to charity and Bloomberg Philanthropies has been ranked among the most innovative organizations in the country.
By: Nicole Anderson, Executive Director of Philanthropy at AT&T
What are some of the favorite projects you remember from school? Learning about literary characters in classic novels? An art piece you created? A science experiment you did? These can be memories and experiences that take a student from “just” learning to believing they can be the next prize winning author, world-renown painter, or inventor of the 21st century.
With technology platforms changing the way we purchase products and services on a regular basis, it was only a matter of time before such innovations impacted the way we give to charity. Launched earlier this month, Boston-based startup Changefolio allows users to set up automated donations tied to everyday purchases.