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Tuesday, December 19, 2006

The New Face of Philanthropy

Young, entrepreneurial philanthropists leave their mark on nonprofits here and abroad

Early employment at Google has enabled Khan and her husband Zain to become philanthropists in a fashion once reserved for wealthy retirees. They donate money, sit on nonprofit boards and volunteer.

Younger donors are fully invested in their contributions, seeking to apply their business savvy and expecting to see quantifiable outcomes from the organizations they fund. They also view their contributions as social investments. For them, the lines are blurring between for-profit and nonprofit ventures.

Analogies to venture capitalists and stock-market investors have begun to permeate the language of philanthropy.

Hero likened Silicon Valley charitable gifts to investing in the stock market. Through increasingly popular donor-advised funds through community foundations or financial management companies like Charles Schwab or Merrill Lynch, philanthropists are choosing to diversify their gifts.

Find the entire article here.

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