-
An opinion piece in Forbes magazine says that Buffett and Gates should horde their money and invest it instead of give it to charity. The author's argument is that invest creates jobs. But he ignores the fact that 10% of all jobs are created by nonprofits. Nonprofits can be a major source of economic growth.
-
The Gates/Buffett Giving Pledge is important, but the growing meme in the social sector is that the pledges must be spent wisely to really make a difference.
-
The first billionaire accepts the Gates/Buffett pledge. But Eli Broad is already a major philanthropist. The first important pledge will be the billionaire not already known for their giving stepping up to the plate.
-
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.
READ MORE »