Quote of the Day
Philanthropy is often seen as society's risk capital. That means the onus is on philanthropists, nonprofit leaders and social entrepreneurs to innovate. But philanthropic innovation is not just about creating something new. It also means applying new thinking to old problems, processes and systems.
My giving story started with my parents - my late mother, Frances Arrillaga, who dedicated her life to philanthropic and community service, and my father, John Arrillaga, whose daily generosity of heart, mind, and hands-on contributions make him one of the most extraordinary philanthropists I know.
The most amazing philanthropists are people who are actually making a significant sacrifice.
Most philanthropists would still rather donate to elite schools, concert halls or religious groups than help the poor or sick.
Most museums in Moscow, like Tretyakov, were established by philanthropists, whose passion for art allowed the development of culture on many levels.
My father, one of the great entrepreneurs and philanthropists of this state, taught me that capital - monetary or political - is to be used to benefit others. I intend to continue that tradition.
Jon Huntsman, Jr.
As philanthropists, the most powerful legacy we can create is one that keeps on giving - through our children.
Virginians were no more angels or philanthropists than people to the north or to the south of them. They were moved by their affections, their interest, and their resentments, just as humanity is moved today.
John Sergeant Wise
The Royal family have always been great philanthropists.
Most organizations should be pro-active, but philanthropists concerned with poverty should deliberately be reactive, learning from the efforts of ordinary folks who tired of looking the other way as their communities fell apart.
For centuries, the arts and philanthropists have worked well together: look at the Tate family and the Courtaulds. If you've been fortunate enough to have some success in business, I think it's important to put something back.
I would like philanthropists to take more risks and invest more in risk capital.
Philanthropists today want input into how their monies are being deployed. The big question is, can governments use this insight to sell the rich the idea of paying more tax rather than spend more on charitable giving?
I want to spread the message in the U.S. that there are good philanthropists in China, and not all are crazy spenders on luxury goods.
I would say to young entrepreneurs and budding philanthropists - are you giving to feel good or do good?
As I see it, most major philanthropists have been bullied into giving. They feel social pressure to give. It has become a cost of doing business.
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