"Financialized Philanthropy" is an increasingly growing problem. The good news is that a growing number of people are talking about the issue. It is time for both better legislation in this space and for the leaders of foundations and DAFs along with high net wealth individuals to change how they do their business. Let's work together to ensure that the taxpayer subsidized money destined to do good is actually doing good - and not just creating an ever growing revenue stream for finance professionals and companies.
Who is the 7th highest paid person at the Macarthur Foundation? The answer will probably surprise you but is rather common among foundations in the US. The issue is that large philanthropy is increasingly doing more to drive financial gains for the "financialized philanthropy" industry. Rather than money in foundations truly being directed to where it is needed most, it is sitting on the sidelines enriching all of the fat cats who make money from that money. My thoughts in the blog below. https://lnkd.in/gES-c3Ut