Comments on: Philanthropy & Guilt http://www.tacticalphilanthropy.com/2009/01/philanthropy-guilt Fri, 09 Dec 2011 20:42:38 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Sean Stannard-Stockton http://www.tacticalphilanthropy.com/2009/01/philanthropy-guilt/comment-page-1#comment-6045 Sean Stannard-Stockton Thu, 22 Jan 2009 19:12:47 +0000 http://tacticalphilanthropy.com/?p=1254#comment-6045 You're doing great work with FasterCures Melissa. I wish you the best. You’re doing great work with FasterCures Melissa. I wish you the best.

]]> By: Melissa Stevens http://www.tacticalphilanthropy.com/2009/01/philanthropy-guilt/comment-page-1#comment-6044 Melissa Stevens Thu, 22 Jan 2009 17:07:46 +0000 http://tacticalphilanthropy.com/?p=1254#comment-6044 Agreed, Sean. It seems unthinkable that the primary reason people give is for financial benefit. In fact, the 2006 Bank of America Study of High Net-Worth Philanthropy indicates that over 65% of surveyed philanthropists give in order to “meet critical needs,” to “[give] back to society,” or to “bring about a desired impact.” In the development of the FasterCures Philanthropy Advisory Service, we conducted interviews with individual donors, their advisors, and other philanthropy stakeholders. The Philanthropy Advisory Service is an online resource that provides information about nonprofit disease research organizations in order to inform philanthropic investment in disease research. Not surprisingly, our target audience is often driven to invest in biomedical research for personal reasons, because their loved ones or themselves are affected by disease. These donors are often striving to find cures in their lifetimes, and they cannot afford their investments to be used unproductively. This audience is demanding transparency, accountability, effectiveness, and progress of these nonprofit organizations. FasterCures is building the Philanthropy Advisory Service to facilitate transparency, encourage accountability, and channel funds to organizations that demonstrate effectiveness and progress against their goals. We are excited to be part of the Second Great Wave of Philanthropy you define and the community of resources that will contribute to the effectiveness of our collective philanthropic efforts. Agreed, Sean. It seems unthinkable that the primary reason people give is for financial benefit. In fact, the 2006 Bank of America Study of High Net-Worth Philanthropy indicates that over 65% of surveyed philanthropists give in order to “meet critical needs,” to “[give] back to society,” or to “bring about a desired impact.”

In the development of the FasterCures Philanthropy Advisory Service, we conducted interviews with individual donors, their advisors, and other philanthropy stakeholders. The Philanthropy Advisory Service is an online resource that provides information about nonprofit disease research organizations in order to inform philanthropic investment in disease research. Not surprisingly, our target audience is often driven to invest in biomedical research for personal reasons, because their loved ones or themselves are affected by disease. These donors are often striving to find cures in their lifetimes, and they cannot afford their investments to be used unproductively. This audience is demanding transparency, accountability, effectiveness, and progress of these nonprofit organizations.

FasterCures is building the Philanthropy Advisory Service to facilitate transparency, encourage accountability, and channel funds to organizations that demonstrate effectiveness and progress against their goals. We are excited to be part of the Second Great Wave of Philanthropy you define and the community of resources that will contribute to the effectiveness of our collective philanthropic efforts.

]]> By: Sean Stannard-Stockton http://www.tacticalphilanthropy.com/2009/01/philanthropy-guilt/comment-page-1#comment-6037 Sean Stannard-Stockton Wed, 21 Jan 2009 20:40:00 +0000 http://tacticalphilanthropy.com/?p=1254#comment-6037 Great article Sonia. I tagged it and it will appear in my next Daily Digest post. Great article Sonia. I tagged it and it will appear in my next Daily Digest post.

]]> By: Sonia Singh http://www.tacticalphilanthropy.com/2009/01/philanthropy-guilt/comment-page-1#comment-6035 Sonia Singh Wed, 21 Jan 2009 20:25:39 +0000 http://tacticalphilanthropy.com/?p=1254#comment-6035 I just read an interesting article in The Economist (hat tip to the Chronicle of Philanthropy) on why people give. It asserts that people are often motivated by image, and that in those circumstances, monetary incentives (such as tax benefits) actually decrease the amount they give. Interesting take on the topic. http://tinyurl.com/9eyqqs Bonus: it quotes a new study by Dan Ariely, author of Predictably Irrational. I just read an interesting article in The Economist (hat tip to the Chronicle of Philanthropy) on why people give. It asserts that people are often motivated by image, and that in those circumstances, monetary incentives (such as tax benefits) actually decrease the amount they give. Interesting take on the topic.

http://tinyurl.com/9eyqqs

Bonus: it quotes a new study by Dan Ariely, author of Predictably Irrational.

]]> By: Kristiana http://www.tacticalphilanthropy.com/2009/01/philanthropy-guilt/comment-page-1#comment-6018 Kristiana Fri, 16 Jan 2009 22:06:22 +0000 http://tacticalphilanthropy.com/?p=1254#comment-6018 I have to admit Sean, we never use the "tax benefit" conversation unless we're in the depths of a planned giving conversation. I have never identified tax incentives as a reason for giving because it also doesn't make sense to me personally. Thanks for reassuring the world that there isn't always an ulterior motive when one does something nice :) I have to admit Sean, we never use the “tax benefit” conversation unless we’re in the depths of a planned giving conversation. I have never identified tax incentives as a reason for giving because it also doesn’t make sense to me personally.

Thanks for reassuring the world that there isn’t always an ulterior motive when one does something nice :)

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