Insights from The Philosophy of Philanthropy with Scott Fifer, Professor Richard Marker, and Amar Shah
In Episode 2 of the Inspired Money Podcast's live stream series, “The Art of Giving Back,” hosted by Andy Wang and produced by Bradley Jon Eaglefeather, a distinguished panel—Scott Fifer, Professor Richard Marker, and Amar Shah—shared their wisdom on the philosophy and evolution of philanthropy. The segment, fittingly titled “The Philosophy of Philanthropy,” explored the complexities of giving, social impact, and corporate responsibility. Here are the key takeaways from this enlightening segment.
LEp 2 – Segment 1: Inspired Money Live – The Art of Giving Back
The Shift from Charity to Solidarity
Scott Fifer, founder of a non-profit organization, emphasized the need for a shift from charity to solidarity. He argued that the people we aim to help “deserve our solidarity,” a sentiment that resonated strongly with his donors and changed their perspective on giving.
The Evolution of Philanthropy: From Charity to Impact
Professor Richard Marker highlighted the evolution of philanthropy, contrasting the old style of emotionally gratifying but impact-less giving with today's focus on making a tangible difference. He prefers the term “generosity” over “philanthropy” to encompass not just financial resources but also time, energy, and wisdom.
Corporate Philanthropy: A Changing Landscape
Amar Shah, who has developed a giving platform for corporations and employees, pointed out that younger generations are attracted to causes that show immediate and transparent impact. He emphasized that corporations are beginning to see philanthropy not just as a “nice to have” but as a “need to have,” especially for engaging younger audiences.
The Rise of Charitable Innovations
Shah also touched on the rise of new corporate giving experiences, such as charitable sweepstakes, donation matching, and even charitable NFTs. These innovations indicate that the landscape of corporate philanthropy is diversifying and becoming more interactive.
The Importance of Transparency and Immediacy
Scott Fifer reiterated the importance of transparency and immediacy in today's philanthropic landscape. Donors want to know exactly where their money is going and how it's making an impact, which is why his organization provides real-time updates on their initiatives.
Conclusion
The segment “The Philosophy of Philanthropy” from Episode 2 of the Inspired Money Podcast's live stream series, “The Art of Giving Back,” provided a rich tapestry of insights and perspectives. The conversation wasn't just about giving; it was about doing so in a way that aligns with societal needs and personal values. As you navigate the evolving landscape of philanthropy, let the wisdom of Scott Fifer, Professor Richard Marker, and Amar Shah be your guiding stars.
by Story Alchemist – Stella Knight (Creative Collaborative Media Design by EaglesVision).
Meet Our Esteemed Guest Panelists
Scott A. Fifer
Scott A. Fifer is the founder and CEO of GO Campaign, a nonprofit organization that has helped over 58,000 children across 28 countries. A former New York City attorney and Hollywood screenwriter, Fifer's passion for philanthropy was ignited after watching the movie “Hotel Rwanda,” inspiring him to make a tangible difference in the lives of children around the world.
Professor Richard A. Marker
A distinguished figure in the field of philanthropy, Professor Richard A. Marker has served in various roles, including CEO of a major philanthropic foundation and a university chaplain. Currently, he advises large and small foundations and individual philanthropists through Wise Philanthropy™. His work is characterized by a distinctive approach to funder strategy, specializing in intergenerational issues and ethical considerations.
Amar Shah
Amar Shah is the President and Co-Founder of Change, an organization focused on leveraging technology to drive social impact. His work involves overseeing organizational strategy, partnerships, and initiatives aimed at fulfilling Change's mission.
Guests Panelist Links:
Scott Fifer: https://gocampaign.org
Professor Richard Marker: https://wisephilanthropy.com
Amar Shah or Sonia Nigam: https://getchange.io
Join us for this enlightening episode as we explore the art of giving back. Whether you're a seasoned philanthropist or just starting your journey, this episode offers valuable insights that can help you make a meaningful impact.
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This blog post is brought to you by Runnymede Capital Management, in collaboration with EaglesVision and the Inspired Money live-stream podcast series.
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