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A new study shows that people who give away at least 10% of their income tend to build HIGHER levels of net worth than people who give less.
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One of Kiva's volunteers has pointed out that Kiva will be hosting a community conference call on October 20th. She encourages participants in the current debate to tune in and share their thoughts.
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During a week of intense debate, sometimes you just need to take a deep breath and remember the joy of philanthropy. Check out Go Erin Go and remember why you care so deeply about philanthropy.
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Sasha Dichter weighs in on the Kiva debate and excuses Kiva's "sin of omission." He makes a strong case for excusing them. I'm prone to agree that Kiva is doing what many nonprofits do and that they do it because donors demand the illusion they are offering. But I do think that donors can get smarter about the way they give.
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In case you missed it, Kiva's CEO wrote a blog post in reply to all the recent criticism of how they describe their process. I think Matt does a wonderful job of engaging his critics.
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The GiveWell blog looks at whether Kiva is reporting phantom repayments or whether Kiva borrowers simply pay back loans at higher rates than most microfinance borrowers.
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ABOUT SEAN STANNARD-STOCKTON
Sean Stannard-Stockton is the president and chief investment officer of Ensemble Capital Management, located in Burlingame, CA, midway between San Francisco and Silicon Valley. From 2006 through 2012, Sean authored the Tactical Philanthropy blog and wrote regular philanthropy columns for both the Financial Times and the Chronicle of Philanthropy. In 2012, Sean officially ended the blog to focus on growing Ensemble Capital.
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