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jerryking : charities   45

Michael Moritz, the tech investor backing books
March 1, 2019 | Financial Times | by Richard Waters.

Michael Moritz, the biggest individual investor in funds managed by Sequoia Capital, the blue-chip venture capital firm where he has worked since 1986. Forbes estimates his wealth at $3.4bn, but Moritz himself puts it “a bit higher”.

Some of that wealth was put to work this week when Crankstart, the charity he set up with his wife, Harriet Heyman, agreed to provide financial backing for the Booker Prize, one of the top awards for English language fiction, for the next five years......Moritz continues to court controversy, writing approvingly in the Financial Times of the relentless pace of Chinese tech start-ups, where workers put in so many hours they barely see their children. He contrasted them with “soul-sapping” debates about work/life balance in the US, calling them “concerns of a society that is coming unhinged”.

It is tempting to ascribe his success as an investor to tireless networking, luck and timing....entrepreneur Randy Adams tipped him off to Yahoo, which was creating one of the first web indices. That led him to Google. He took over leadership of Sequoia from Don Valentine — one of Silicon Valley’s first start-up investors — in the mid-1990s.

The firm then moved well beyond its venture capital roots, setting up arms to manage family endowments and handle public market investments. While he was at the helm, it became the most successful foreign start-up investor in China. “We understood that the world had changed and that Silicon Valley was not going to be the centre of the universe for the next 50 years,”....he still works full time making investments and sits on 10 corporate boards.

Through Crankstart, Sir Michael and his wife have made substantial gifts to education, including £75m in 2012 to fund scholarships for the poorest students at Oxford university, where he was an undergraduate. He said that the financial support his father had been given after fleeing Nazi Germany as a teenager was his motivation.....After funding some of the world’s most disruptive companies, it might seem perverse that Sir Michael is now backing something as traditional as a literary prize. But he says: “Like music and video, I think the future is brighter than the past.” Printed book sales are rising again, and audio books allow readers to consume them in new forms. “The novel is the underpinning of many forms of entertainment,” he says. “I don’t think anyone’s lost their appetite for good storytelling.”
books  charities  contrarians  Don_Valentine  fiction  Google  investors  Man_Booker  Michael_Moritz  Oxford  novels  philanthropy  prizes  Richard_Waters  Sequoia  sponsorships  venture_capital  vc  Yahoo 
march 2019 by jerryking
Engaging with the world’s ills beats hiding in a bunker
OCTOBER 18, 2018 | Financial Times | Stephen Foley.

those with real ambition are not planning for a life underground down under. They are building philanthropic ventures to tackle the world’s ills, or striving to effect change through the political process, or starting new mission-driven businesses.

The bunker mentality is the polar opposite of the optimism displayed by the likes of Jeff Bezos, who set out his philanthropic credo in September alongside his plan to build a network of Montessori-inspired preschools across the US. He talked of his “belief in the potential for hard work from anyone to serve others”, from “business innovators who invent products that empower, authors who write books that inspire, government officials who serve their communities, teachers, doctors, carpenters, entertainers who make us laugh and cry, parents who raise children who go on to live lives of courage and compassion”.

“It fills me with gratitude and optimism,” he said, “to be part of a species so bent on self-improvement.”

Bezos has decided to focus his charity on children, as many of his peers have done. From Mark Zuckerberg promising to fund a technological revolution in the way kids are taught, to the slew of east coast hedge fund managers promoting charter schools as a way to shake-up public education, philanthropists know instinctively that childhood is their point of maximum leverage.....engagement trumps disengagement. Public service matters, even if one is only stealing apocalyptic proclamations from a presidential desk. It beats burying one’s head in the New Zealand soil.

Many of the world’s richest individuals are working to avert the war, pestilence or revolution that would make a withdrawal from society seem attractive in the first place. Philanthropists who are funding human rights campaigns, or drug research, or novel approaches to tackling inequality — these are the real survivalists.
apocalypses  bolt-holes  catastrophes  charities  childhood  children  disasters  disaster_preparedness  engaged_citizenry  hard_work  high_net_worth  Jeff_Bezos  mission-driven  moguls  Montessori  New_Zealand  novel  off-grid  optimism  Peter_Thiel  self-improvement  philanthropy  public_service  survivalists 
october 2018 by jerryking
Summer Jobs for the Guilty Generation -
July 8, 2013 | WSJ | Andy Kessler.

Mr. Kessler, a former hedge-fund manager, is the author most recently of "Eat People: And Other Unapologetic Rules for Game-Changing Entrepreneurs" (Portfolio, 2011).

Given the massive wealth created in the U.S. economy over the past 30-plus years, it's understandable that the mantra of the guilty generation is sustainability and recycling. But obsessing over carbon footprints and LEED certifications and free-range strawberries and charging for plastic bags will not help the world nearly as much as good old-fashioned economic growth. Gen-G will wise up to the reality that the way to improve lives is to get to work. If Woodstockers figured this out, so will they—as soon as they get over their guilt.
Andy_Kessler  philanthropy  charities  books 
july 2013 by jerryking
Finance executive brings innovative strategies to Kenyan business
September 1, 2012 | Report on Business | Paul Waldie.

With the help of contributions from the Sprott Foundation and Barrick Gold Corp., Mr. Di Girolamo created Terra Firma, a Canadian charity that provides business expertise to small businesses in developing countries. The organization began working in Kenya, first with a small food company and lately with a honey business based outside Nairobi called Honey Care Africa. Honey Care has seven full-time employees and about $200,000 in annual sales. Volunteers from Terra Firma have been helping the company revamp its operations, which includes managing bee hives at numerous farms, and improving its marketing. Terra Finna draws volunteers from Canadian businesses and the University of Toronto's Rotman School of Management, many of whom have travelled to Kenya to work with the companies. Mr. Di Girolamo left for Kenya We believe that business can be part of the solution to world issues.
Paul_Waldie  philanthropy  Brookfield  charities  Kenya  small_business  management_consulting  inspiration  Rotman  developing_countries 
september 2012 by jerryking
A Road to the Rich
February 1998 | Financial Planning | Russ Alan Prince & Karen Maru File,
Gary Rathbun, president of Private Wealth Consultants in Toledo, Ohio, is profiled. One of Rathbun‘s most successful marketing strategies has been to work through intermediaries. Rathbun has created a niche for his investment advisory business by effectively positioning Private Wealth Consultants as a financial advisory firm with expertise in assisting wealthy individuals make charitable gifts. Private Wealth Consultants engages in 4 steps to creating relationships with nonprofits: 1. Demonstrate an ability to work with wealth donors. 2. Demonstrate expertise with charitable giving techniques. 3. Describe how to promote planned giving strategies to prospective donors. 4. Explain how the financial planner will profit from the arrangement.
financial_advisors  wealth_management  high_net_worth  charities  nonprofit  niches  investment_advice 
august 2012 by jerryking
Here's $5 Million, son
November 30, 2007 | Globe & Mail | by Andrew Willis.

Gwen Harvey - Bridgewater Insurance & Wealth Management Inc.
Malcolm Burrows, head of philanthropic advisory services at the Bank of Nova Scotia
Andrew_Willis  high_net_worth  Canadian  parenting  philanthropy  charities  foundations 
august 2012 by jerryking
Operationalizing the marketing concept in the nonprofit sector
2002 | Journal of Nonprofit & Public Sector Marketing | by Adrian Sargeant, Susan Foreman | Mei-Na Liao
marketing  nonprofit  charities 
august 2012 by jerryking
An entrepreneurial perspective on the marketing of charities
2001 | Journal of Nonprofit & Public Sector Marketing | Michael H. Morris. Pierre R. Berthon. Leyland F. Pitt. Marie E. Murgolo-Poore. Wendy F. Ramshaw.
marketing  charities  nonprofit  cause_marketing 
august 2012 by jerryking
Parks too important to be left just to city hall
03 Dec 2011| The Globe and Mail pg. A.19. | Marcus Gee. The article says the city should also encourage charitable foundations and private companies to sponsor public parks, especially in low-income neighbourhoods with lots of new immigrants. The Toronto Public Library Foundation, he notes, has raised more than $50-million for libraries. Why not revitalize the low-key Toronto Parks and Trees Foundation and make it a heavy-hitting fundraiser for parks?
parks  Toronto  Marcus_Gee  philanthropy  charities  ProQuest  low-key  city_hall 
january 2012 by jerryking
It's hard to make a graceful, final exit
Nov. 23, 2011 | The Financial Times. (): News: p14. |Luke Johnson
Once you have sold you will certainly receive special attention thanks to your "liquidity event". Wealth managers and private bankers will call incessantly, hungry to look after your loot. Charities too will come knocking, hoping you will become a generous philanthropist. Long-forgotten friends will get in touch, happy to rekindle the acquaintance now that you are so evidently rich. New friends may suddenly emerge, keen to help you spend your wealth.

Consequently you will have to learn to say no rather more often, and to spot the phoneys and envy that usually appear. [ conservative, be discerning, be picky, be selective, say "no"]

Over time, probably half of all entrepreneurs who've sold up start a new venture.
exits  entrepreneur  Luke_Johnson  serial_entrepreneur  say_"no"  succession  philanthropy  wealth_management  private_banking  liquidity_events  charities 
november 2011 by jerryking
How to give it: J Christopher Flowers
13 Aug 2011 | Financial Times pg. 16. | Angus Watson, J
Christopher Flowers, 53, founded and runs the private equity investment
firm JC Flowers & Co. He donates through the JC Flowers Foundation,
is non-executive chairman of the malaria charity Nets for Life
(www.netsforlife and a major donor to Christian Aid
ProQuest  private_equity  high_net_worth  philanthropy  interviews  charities  malaria  financiers 
august 2011 by jerryking
Harvard M.B.A. Students Stroll the Catwalk for Charity -
April 4, 2011, 12:33 pm Investment Banking
Harvard M.B.A. Students Stroll the Catwalk for Charity
HBS  fashion  MBAs  business_schools  charities 
april 2011 by jerryking
Gift to Teach Business to Third-World Women - New York Times
March 6, 2008 | NYT | By STEPHANIE STROM. Goldman Sachs
& Company will donate $100 million to give at least 10,000 women a
business education and, more broadly, to develop and enhance business
education programs at universities in Africa, the Middle East and other
developing regions...Mr. Blankfein said investing in educating women in
the developing world for managerial roles and in building educational
programs to develop business expertise and talent would benefit the
economies of the countries where Goldman’s money will be spent, and that
would be to the firm’s benefit. Goldman follows economic growth around
the world, Mr. Blankfein said, “but also we try to create it, because
that’s how our bread gets buttered as a business.”
3rdWorld  business_education  charities  female  Goldman_Sachs  Lloyd_Blankfein  philanthropy  women  developing_countries 
december 2010 by jerryking
Building up everyday heroes - The Globe and Mail
Oct. 1, 2010 | Globe and Mail | Editorial....We need to
overturn our expectations of government, and in its place build a
stronger sense of self-help, community – and country...Governments,
especially governments whose budgets have been severely strained by
stimulus spending in response to the recession, cannot respond to all
the problems Canadians face....What government can do is prepare the
ground for Canadians....For example, governments need to open more
public services to charities and social enterprises...This new culture
of responsibility is not about turning every Canadian into a Kevin
Jacobs, a Jean-François Archambault or a Terry Fox. But it is to adjust
the balance between individuals and the state to encourage individual
initiative and collective enterprise.
DIY  Canada  Canadian  personal_responsibility  public_service  charities  social_enterprise  expectations  heroes  Terry_Fox  self-help  editorials  individual_initiative 
october 2010 by jerryking
Corner Office - Before Making a Splash, He Says, Leaders Learn to Swim - Question -
Sept. 11, 2010 | New York Times | This interview with Richard
R. Buery Jr., president & CEO of the Children’s Aid Society, based
in NYC, was conducted and condensed by Adam Bryant. ..."I think one of
the most important lessons I’ve learned is to avoid the tendency to want
to come in and make big decisions before you really know what you’re
talking about. So take the time to learn and to listen. And if that
means that you’re taking more time to make changes, that’s great because
you’re more likely to make good decisions. "
CEOs  philanthropy  charities  nonprofit  mentoring  leadership  Yale  strategic_patience 
september 2010 by jerryking
Places to Donate Old Suits -
April 8, 2010 | Wall Street Journal | By TERI AGINS
mens'_clothing  charities  Teri_Agins  suits 
august 2010 by jerryking
Are Charity Fundraisers Spying on You?
May 18, 2010 | SmartMoney Magazine | by Anne Kadet. Donor
research isn’t new, of course. In a bygone era, fund-raising sleuths
spent days at the library and county clerk’s office, scribbling facts on
index cards. More recently, major charities have spent large sums on
donor data to prepare for capital campaigns. But now, for as little as
$3,000 a year, even smaller nonprofits—like the Cape Cod Commercial Hook
Fishermen’s Association—can use databases that estimate everything from
a donor’s net worth to the size of her mortgage. According to nonprofit
marketing-research firm Campbell Rinker, nearly half of all charities
now use these tools to research donors.
privacy  charities  target_marketing  scuttlebutt  hospitals  nonprofit  fundraising  data_mining  high_net_worth  personal_finance  estate_planning 
may 2010 by jerryking
Philanthropy in America: The gospel of wealth
May 30, 1998. | The Economist. Vol. 347, Iss. 8070; pg. 19, 3 pgs | Anonymous.
philanthropy  volunteering  charities  JCK  blogging  ProQuest 
january 2010 by jerryking
The joy of giving; Altruism
Oct 14, 2006 | The Economist : Vol. 381, Iss. 8499; pg. 109
ProQuest  blogging  JCK  volunteering  charities 
january 2010 by jerryking
'Tis Not Simple to Give Gifts -
JULY 13, 2007 | Wall Street Journal | by CHRISTIAN C. SAHNER.
Details the various efforts underway to teach young people about
charitable giving. Classes at more than 125 universities expose
students to the nonprofit world, mostly through managerial training,
accounting and study of nonprofit policy. Classes at a smaller number of
institutions try to examine philanthropy using a wider lens.
philanthropy  youth  charities  young_people 
may 2009 by jerryking
How Charities Can Make Themselves More Open -
DECEMBER 10, 2007 WSJ article by SALLY BEATTY
* Charities and foundations should provide detailed information on their
Web sites -- everything from board members and their bios; problems
encountered trying to achieve their goals; how they measure their
effectiveness; embrace rigorous forms of evaluation and report their
findings to the public.
* Center on Philanthropy at Indiana University
assessments_&_evaluations  charities  donors  effectiveness  foundations  philanthropy  transparency 
february 2009 by jerryking
English Lessons -
DECEMBER 10, 2007 WSJ article by DEBORAH BALL
* Forcing charities to rewrite business plan three or four times to
ensure that donation help them reach new stage of growth (milestones).
* New Philanthropy Capital
* Analysts prepare two-page reports that resemble investment brokers'
notes, giving a snapshot of the risk level of the charity's work, its
growth prospects and the funding it needs to achieve certain results.
NPC posts the research on its Web site for users to download at no
high_net_worth  philanthropy  charities  business_planning  milestones  United_Kingdom 
february 2009 by jerryking
June 14, 2008 G&M article by KELLY GRANT that documents how
behind-the-scenes tale of how Toronto's hospitals, universities and
cultural institutions win the eye-popping donations that put rival
cities to shame. Re. P. Condon.
charities  Colleges_&_Universities  cultural_institutions  donations  donors  fundraising  gift_ideas  high_net_worth  hospitals  philanthropy  recognition_policies  tips  Toronto 
february 2009 by jerryking
When Donors Can't Keep Their Pledges -
JANUARY 27, 2009 WSJ column by SHELLY BANJO. Some
philanthropists are finding themselves unable to fulfill multi-year
pledges or continue annual contributions to charities they support.
Articles offers solutions.
philanthropy  charities  fundraising  economy  Shelly_Banjo  benefactors 
january 2009 by jerryking - Michael Smith: Grilled steak with shitake gravy
July 9, 2008 G&M Chef Michael Smith outlines the inaugural Village Feast fundraiser for a Kenyan village.
food  beef  charities  fundraising  PEI  recipes  steaks 
january 2009 by jerryking
Joining a Nonprofit Board Is More Than a Labor of Love
WSJ column by Erin Chambers offering tips to help a newcomer to a non profit board become more effective.
nonprofit  charities  boards_&_directors_&_governance  Erin_Chambers  filetype:pdf  media:document 
january 2009 by jerryking
Giving Till It Works -
Oct. 10, 2008 book review by Richard J. Riordan which looks at
the rise of billionaires who increasingly, are attempting to apply the
lessons of business success--monitoring investments, measuring
results--to their charitable efforts.
books  moguls  book_reviews  charities  entrepreneurship  capitalism  nonprofit  philanthropy  Eli_Broad  billgates  benefactors  passions  impact_investing  social_impact 
january 2009 by jerryking
Family Charities Get Focused -
DECEMBER 11, 2008| Wall Street Journal | by SHELLY BANJO and

As wealthy rethink their giving in a weak economy, a growing number of
families are using mission statements to target causes most important to
family  charities  mission_statements  Shelly_Banjo  weak_economy 
january 2009 by jerryking
Interview: Bill Simon, Philanthropist -
WSJ article on the importance of a charity hewing to the wishes of its founders; and on ensuring that the money is all spent.
charities  endowments  William_Simon  philanthropy  founders 
december 2008 by jerryking

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