The super-rich are trying new approaches to philanthropy
They are hoping to get money to the needy faster, says Avantika Chilkoti
A nudge is not always enough to force change within an industry. Sometimes a series of forceful shoves is required. In the rarified world of Western philanthropy, the shoves began in 2020. The covid-19 pandemic, protests for racial justice across America that summer and the outflow of refugees from Ukraine starting in early 2022 created a new urgency around charitable giving and revealed failings in how it worked. Donors began to consider how they could disburse money faster and with more impact.
No-strings philanthropy is giving charities more decision-making power
Organizations on the ground know best how money should be spent
Give Directly does what it says on the tin
Cash hand-outs can transform communities
Boomers Daily 