Category Archives: investment

4 Ways to Respond to Hurricane Harvey (or Any Disaster)

There is nothing like reports and photos of devastation after a natural disaster to spark one’s desire to lend aid and support. Hurricane Harvey in Texas and southwest Louisiana most certainly has captured our attention, and now Hurricane Irma has entered the picture as a potential threat to the Leeward Islands and the US coast. But all too often, the outpourings of charitable gifts dry up long before the needs created by that disaster are all met. If you’re considering lending your support to those affected by a natural disaster, I encourage you to do so — and to consider the following four ways you can make a meaningful difference. 1.Respond to Immediate Needs. Right now, many people in Texas and … Continue reading 4 Ways to Respond to Hurricane Harvey (or Any Disaster)

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Five Things Jeff Bezos Needs To Know Before Giving Away Billions

Billionaire Jeff Bezos’s recent Tweet for suggestions about how to give some of his fortune away has inspired several media stories, including commentary and an open letter to Jeff Bezos about focusing on immediate suffering vs. creating a long-term strategy. Where, how and in what a philanthropist chooses to invest his or her philanthropic capital are all extremely important decisions. For someone with an entrepreneurial spirit, like Bezos, those decisions will no doubt reflect some new and different thinking. For the field of philanthropy, where many giving practices are deeply entrenched and sometimes outdated, “new and different” can be a very good thing. But no matter where, how or for how long Bezos chooses to be charitable, and no matter whether his philanthropy is wildly unconventional … Continue reading Five Things Jeff Bezos Needs To Know Before Giving Away Billions

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Prudent Risk is Wise But Don’t “Bet the Farm”

If you’re familiar with research and development philanthropy, you know that when a foundation decides to invest in R&D, they must be willing to take risks. But not every research opportunity is a good one, and not every innovative idea should be pursued. In considering an R&D investment, assess each opportunity wisely and take risks that are prudent, calculated, and thoroughly explored. Likewise, don’t “bet the farm” on any single piece of research or in developing any individual idea, product, or service. Instead, think of each R&D investment as just one part of a diversified portfolio. There are four criteria that can help foundations assess risk in any R&D investment: 1. Cost. What investment will this require in terms of grants, … Continue reading Prudent Risk is Wise But Don’t “Bet the Farm”

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