5 Matching Annotations
  1. Jul 2018
    1. I can’t overstate the importance of education, since it can inspire critical thinking and foster innovative research to help remove barriers holding people back.

      I'm reminded here of Malcolm Gladwell's thesis about helping the masses rather than the edge cases. see also: https://boffosocko.com/2018/05/01/episode-06-my-little-hundred-million-revisionist-history/

  2. Jul 2016
  3. May 2016
    1. Ford Foundation President Darren Walker is among the most outspoken funders calling for a new grantmaking approach. “All of us in the nonprofit ecosystem are party to a charade with terrible consequences—what we might call the ‘overhead fiction,’” says Walker. “The data included in this article along with comparable data for our grantees convinced us that we had to make a change.” Beginning January 1, 2016, Ford doubled its “overhead rate” (the percentage above direct project costs that can be used to pay indirect costs) to 20 percent. In doing so, it hoped “to encourage more honest dialogue about the actual operating costs of nonprofit organizations,” adds Walker.

      Charity funders need to be aware that different organizations have different overhead costs.

  4. Dec 2015
    1. Whatever our intentions, the truth is that we can inadvertently widen inequality in the course of making money, even though we claim to support equality and justice when giving it away. And while our end-of-year giving might support worthy organizations, we must also ask if these financial donations contribute to larger social change.In other words, “giving back” is necessary, but not sufficient. We should seek to bring about lasting, systemic change, even if that change might adversely affect us. We must bend each act of generosity toward justice.

      -- Darren Walker, president of the Ford Foundation

    1. after revealing his wife, Priscilla Chan, had given birth to their first child, Max, Zuckerberg announced the creation of a charity organization called the Chan Zuckerberg Initiative. The couple have pledged to give away 99% of their Facebook shares in their lifetime, currently worth about $45bn. The charity, which has “the mission of advancing human potential and promoting equality”, will be administered by the CEO himself and is already on track to be worth a potential $3bn by 2018.