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The Economist looks at what might be misplaced trust in nonprofits and then runs through a who's who of the "smart giving" movement mentioning Money for Good, Philanthropedia, Charity Navigator, GreatNonprofits and New Philanthropy Capital.
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Those who doubt the long term promise of Impact Investing should take note that Socially Responsible Investing – the most basic form of impact investing – grew during the down turn and now represents $1 out of every $8 of professional managed assets.
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Stephanie Strom looks at the criticism of the Giving Pledge and quotes my support for the effort. Best quote is from one of the signers: "What kind of numbskull would find something wrong with that? Would they rather we bought yachts and built mansions?”
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A profile of the trend towards foundations spending down. I find it interesting that spend down foundations are generally perceived to be doing effective work. Maybe the deadline creates one of the few external pressures on a foundation?
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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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