Thursday, February 09, 2006

onPhilanthropy - We Still Haven't Found What We're Looking For

onPhilanthropy - We Still Haven't Found What We're Looking For: "Where Bill Gates and Bono put their money is of less importance than where they put their leadership. In a world of growing economies and open societies, the future vibrancy of philanthropy rests not on money but on leadership. If Mr. Gates and his colleagues would worry as much about encouraging their emerging peers in middle income countries to commit themselves to philanthropy -- and less about transferring money across borders -- the prospects for sustained private commitment to community in middle income countries would be vastly improved.

So here's my modest suggestion to the Gates and Bono: Establish a Global Philanthropy Roundtable. Focus less on spending your money than on encouraging emerging economic leaders to invest on their own societal commons. Create a Roundtable that is prestigious, where economic leaders from all economies join to share best philanthropic practices. Create a Roundtable that itself generates social expectations for philanthropy in growing economies."

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