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(Free link) Tommy Hutchinson makes the case that Richard Branson's Virgin empire is missing the point when they argue that nonprofit status makes them socially beneficial. Good article pointing to trend towards an organization's tax status not determining public perceptions of their social value.
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Following up on the online discussion about whether professional athletes have an obligation to give, Steve Nash, Mia Hamm and others are now competing to see who can raise the most money in a Global Giving hosted campaign. This community of athletes have a shot at becoming a meaningful philanthropic force.
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Nathaniel Whittemore argues that foundations should give more and make riskier grants. This is an argument that people in philanthropy love to applaud and then go back to doing things the same old way. But Nathaniel points to family and "new wealth" foundations as potentially shaking up the status quo, an argument that is fundamental to my world view of philanthropy.
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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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