September 18, 2009, Forbes.com — As they struggle to survive the economic crisis, nonprofits are hungry for donations. Many are hiring fundraisers--and there are not enough applicants to fill the open slots.
July 17, 2009, Forbes.com — The use of prizes by philanthropies and private businesses to encourage innovation and achieve social benefits is burgeoning. A McKinsey study of prizes worth more than $100,000 suggests that the aggregate value of such large awards has more than tripled over the past decade, to $375 million. Moreover, the role of prizes is changing: Nearly 80% of those announced since 1991 have been designed to provide incentives for specific innovations rather than to reward excellence in general. An understanding of the characteristics of effective prizes and of how they are evolving would be useful for not only philanthropists but also public- and private-sector players hoping to harness their potential for innovation.
July 16, 2009, Forbes.com — By now all of us have heard the ominous warnings about the "unraveling of the social safety net." But what does this really mean? And what can we as private citizens who have also been--both personally and professionally--deeply affected by the financial crisis do to repair it?
May 29, 2009, Forbes.com — So how has the current recession affected your philanthropy? For many donors, a reduced asset base has meant refocusing their charitable giving. Some are shifting priorities, choosing to focus on the communities and issues hit hardest by the economic downturn; others are adjusting gift amounts to reflect changes in their finances and still others see the recession as an opportune time to revisit their legacy plan and review and rethink the question of what kind of legacy they hope to leave. They are taking a hard look at the charitable designations named in their estate plans, which, for many, is a long overdue exercise, since interests, intent and financial circumstances will have changed since the estate plan was first drafted.
May 5, 2009, Forbes.com — Anyone who scowled in 2008 when the New York Public Library announced that it would rename its historic Beaux Arts building on Fifth Avenue the Stephen A. Schwarzman building and chisel his name into it five times to mark his $100 million pledge, might have smiled at the news last week: The Chronicle of Philanthropy reported that anonymous giving is soaring. In this re-calibrated world, it seems, some big givers no longer want such notoriety.
April 27, 2009, Forbes.com — We all know what is happening in the stock market and with investment portfolios ? it's hit almost all of us where it hurts most: in the pocketbook. One sector where this is particularly evident is philanthropy, where there's been a veritable paradigm shift in how we think about what it means to be charitable. While the passion and concern that drives many charitable interests may not have changed, the capacity to give to the causes they care about has changed for many people.