The two groups, the twin engines of wealth-creation in our time, both donate substantially. But these rich are different from Fortune 500 CEOs. Hedge-fund and tech-sector donors aren’t content to write checks for established programs, says Bruce Flessner, a principal at Bentz Whaley Flessner, which advises non-profits on how to score grants. Rather, the hedgies and techies look for non-profits that are as inventive as they are. “They give to change the world.’ Flessner says.
My brother shared this article with me about philanthropic giving trends with folks working in hedge funds and technology. Yesterday, we enjoyed a conversation on different ways to invest and impact a community, and I’m glad to see this conversation happening more frequently in different sectors and in the media. While approaches may be different, the idea of improving the world by reinvesting resources we earn is shared across the board.
Give it a read and feel free to share your thoughts.