Philanthropist and billionaire Bill Gates spoke in Washington DC yesterday encouraging President-Elect Obama to increase spending. Even in the midst of this financial crisis, Gates urged us not to lose sight of our future and not to sacrifice our long-term goals for short-term gain. He encouraged Obama to follow through on his campaign commitment to double U.S. foreign aid to $50 billion in his first year.
An article covering the speech in today’s Washington Post paints Gates as a new philanthropist: someone who “is pioneering a new approach to philanthropy, applying the risk-taking and results-based philosophy of an entrepreneur to solving some of the world’s most chronic problems.” This is the very same approach applied by members of our Global Philanthropy Forum – a community of donors and social investors that seek to inform, enable, and enhance the strategic nature of their giving and social investing. It’s good to see major media venues talking about this ‘new philanthropy’, and we hope it helps elevate broader understanding of what it means to be strategic in one’s giving.