Facets of the ‘New Philanthropist’

[ 0 ] May 7, 2015 |

Philanthropy is a growing staple in today’s world. With the expansion of media and growth of economy, everyone has the means of making even a small difference and everyone has the means of finding out how to do it.

WATCH as Jane Wales, Vice President, Philanthropy and Society, of the Aspen Institute and Director of the Institute’s Program on Philanthropy and Social Innovation, talks about new philanthropists:

WATCH: The Future of Education Lies in InnovationageliaWales explains that today’s new generation of philanthropists, the ‘new philanthropists,’ are the people who have garnered a lot of wealth very early in their career. “Rather than wait until retirement, as our grandparents did, they’re entering into philanthropy today,” Wales said.

The difference between these philanthropists and what is now considered the ‘Old Philanthropists,’ she explained, is that these people want results as quickly as possible. They believe that philanthropy and the work they are doing does make a difference. However, she said, they also are working hard to find the ultimate solution to problems that are complex and have been around for hundreds of years. “They really hope for a silver bullet.”

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the-rules-of-corporate-philanthropyThese new philanthropists engage in a wide variety of programs, with multifaceted approaches, that are both domestic and international.

“They want to take the very process they benefitted from, globalization, and make sure that its benefits are much more widely shared,” Wales said.

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About Jane Wales: Jane Wales is Vice President, Philanthropy and Society, of the Aspen Institute and Director of the Institute’s Program on Philanthropy and Social Innovation. She is the Founder and CEO of the Global Philanthropy Forum, President [...]
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