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Double Duty Dollars: Behind the Crazy Idea That Investors Can Make Money and Change the World at the Same Time
In 2001, after 29 years cultivating Napa’s Silver Oak Cellars and its iconic cabernet sauvignon, Justin and Bonny Meyer sold their 50% stake to partner Ray Duncan for $110 million. With Justin’s health iffy, they hoped it would give them more time together forphilanthropy and to build their newer winery, Meyer Family Cellars. But just eight months later Justin died of a heart attack at 63, leaving Bonny, then 52, to manage the money and their shared charitable mission.
- Categories
- Impact Assessment
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Press Release: Citi’s 2014 Global Citizenship Report Highlights Efforts to Enable Economic Progress in Communities Around World
Citi today released its 2014 Global Citizenship Report highlighting efforts underway in the past year to empower people, support economic progress in cities, and catalyze sustainable growth. The report, Progress: Responding to Global Challenges,examines how Citi lends, invests and facilitates growth through core business activities and philanthropic efforts, as well as partnerships and new approaches to address pressing needs.
- Categories
- Environment
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Expats, the ‘scaffolds’ of locally led organizations
“Why does Nuru Kenya have to be locally led?” Jake pressed. “Why can’t expats continue the work?"“Maybe we aren’t asking the right question,” I responded, straightening up in my chair. “Instead of asking why should we exit, perhaps we should ask, why should we stay?”
- Categories
- Education, Environment, Health Care
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How the Red Cross Raised Half a Billion Dollars for Haiti and Built Six Homes
The neighborhood of campeche sprawls up a steep hillside in Haiti’s capital city, Port-au-Prince. Goats rustle in trash that goes forever uncollected. Children kick a deflated volleyball in a dusty lot below a wall with a hand-painted logo of the American Red Cross.
- Categories
- Health Care
- Region
- Latin America
- Tags
- philanthropy
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Gates pledges $776M for malnutrition, unlocks UK commitments
The Bill & Melinda Gates Foundation — the world’s largest private foundation — will spend $776 million over the next six years to fight malnutrition, a strong signal of support for a historically underfunded sector, according to the foundation’s leaders.
- Categories
- Health Care
- Tags
- nutrition, philanthropy
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Study: Less Than Half of Foundations Use Impact Investing
The survey found that 41 percent of respondents said their foundations currently use impact investing, 6 percent plan to in the future, and 20 percent don’t plan to.
- Categories
- Uncategorized
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Press Release: JPMorgan Chase 2014 Corporate Responsibility Report Reflects Focus on Cities as Engines of Economic Growth
JPMorgan Chase & Co. today released its 2014 Corporate Responsibility report, highlighting steps the firm is taking to support economic growth and address critical challenges facing cities around the world. The report, Global Strength: At Work in Cities, features case studies of work the firm is doing to help cities address these challenges as well as innovative and sustainable solutions designed to create growth and opportunity.
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Viewpoint: Philanthropy Starts After Profits Are Tallied
Foundations are the new Birkin bags. Everyone who is anyone has one. Giving is now chic. Far from being in denial about it, many wealthy people fret over rising inequality these days, in public and in private.
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