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November 22, 2006
The Philanthropy and Entrepreneurial Mashup
Posted by Kevin D. Hendricks | Filed under: Cause Marketing
These days billionaires aren't hording their money and protecting their status on the lists of the world's richest people. Instead they're giving their money away, often applying strict business ideals to their donation--making it more venture philanthropy or social investment than pure charity.
Ten years ago the online magazine Slate started their own list--this time tracking the biggest charitable contributions. They recently gathered those big givers together at the Slate 60 Conference on Innovative Philanthropy, and it was clear that causes are more willing than ever to follow business ideals in order to make a difference. To celebrate the ten year mark, Slate has published a slew of articles on giving (much like the recent New York Times section):
- Grant Away - Why venture philanthropy is important, even if it sounds ridiculous.
- Market Magic - A stock market of sorts for the non-profit world that could turn donors into investors and reap more cash for cash-strapped non-profits.
- How to Give Away a Million Dollars - Lots of smart people speculate on how they would give away $1 million.
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