Solving the Giving Pledge Bottleneck: How to Finance Social and Environmental Challenges Using Venture Philanthropy at Scale

We are at a historic inflection point in philanthropy, with wealthy millennials pressuring banks to invest in companies with high social and environmental impact and the Giving Pledge triggering a wave of giving. However, the bottleneck problem has created a need for large giving vehicles and for-profits as Program Related Investments (PRI) to scale nonprofits. This book provides a step-by-step guide for those with the ability to make large philanthropic investments to scale their impact and increase their fulfillment and that of their family.

\n Format: Hardback
\n Length: 141 pages
\n Publication date: 28 August 2021
\n Publisher: Springer Nature Switzerland AG
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We are currently at a historic juncture, both in terms of philanthropy in general and in terms of funding the solutions to our most pressing social and environmental challenges. This book explores the two movements that have recently had a significant impact on capitalism. Firstly, wealthy millennials have been pressuring their banks to invest their family portfolios in companies with high social and environmental impact (ESG ratings), leading to a wave where the wealth management industry, and now all public companies, are significantly adapting to the increasing demand for ethical and sustainable investments. Secondly, The Giving Pledge has triggered another wave, redefining what success and the accumulation of wealth means. Over 200 billionaires have pledged to give half or more of their wealth away, reshaping the goal of capitalism as a force for positive change.

However, this book also highlights the bottleneck problem that The Giving Pledge has created. While large philanthropy can be used for traditional capital campaigns and endowments, the Giving Pledge signers are often seeking large, visible impact beyond these traditional avenues. This has led to a bottleneck, as more billionaires pledge their funds away while their wealth continues to skyrocket, and giving rates remain relatively small.

To address this challenge, the book covers the emergence of large giving vehicles, modeled after the private equity industry. These vehicles are designed to pool resources and expertise to support nonprofits that are working towards achieving scalable and sustainable impact. By providing these organizations with the resources and support they need to grow and thrive, large giving vehicles can help to break down the barriers to giving and create a more equitable and effective philanthropic landscape.

In conclusion, this book provides a comprehensive exploration of the historic inflection point we are in, the impact of the two movements on capitalism, and the challenges and opportunities that lie ahead. It offers valuable insights into the future of philanthropy and the role that large giving vehicles can play in driving positive change in our world.

\n Weight: 414g\n
Dimension: 161 x 243 x 19 (mm)\n
ISBN-13: 9783030788643\n
Edition number: 1st ed. 2021\n