10/06/2024

CORPORATE DO GOODERY * : BLESSINGS GLOBAL ESSAY



MACKENZIE SCOTT - the ex-wife of Jeff Bezos, the founder of Amazon, became a role model when she dished out over $ 14 billion in a little over three years, starting in 2019.

Ms. Scott did not dispense with analytics entirely. Instead, she front-loaded them. 

She appointed consulting firms to crunch the numbers and pick worthy recipients, which included Habitat for Humanity International, whose volunteers have built homes in Haiti and Bangladesh, and the Desmond Tutu Health Foundation, which is based in Cape Town.

The gifts were mostly given without conditions, with charities trusted to make the best use of money.  Ms. Scott has called her approach '' seeding by ceding.''

JACK DORSEY - a co-founder of Twitter, runs his charitable efforts on similar lines.

In 2020 Mr. Dorsey pledged to give away $1 billion of shares to his philanthropic venture StartSmall.  He takes grant applications from anyone via a short online form. Every donation is made public.

[ StartSmall's list of donations includes climate-resilience projects in the Caribbean and humanitarian aid in Ukraine.]

'' I'm seeing much more of the attitude of : just give people the money already,'' says Stephanie Ellis-Smith, the boss of Phila Engaged Giving, an advisory firm. '' What we are playing around with, ticking this box and that box?''

The sense of urgency is bolstered by peer pressure and competition. Silicon Valley is brimming with '' giving circles '' and educational programmes that get would-be donors together.

Public declarations are popular, and the evangelists are not shy about recruitment.

David Goldberg, the chief executive of. Founders Pledge, says he physically walks entrepreneurs into the corner of the room at parties, registration papers in hand.

This Master Essay Publishing with Blessings, continues. The World Students Society thanks The Economist.


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