Philanthropy

“Now I'm all for today's billionaires doing more to support art, music, libraries, whatever we all might come up with, but I don't think it's going to make them loved.”

“I think I've seen a lot of friends engage in philanthropy and it's just like startups. A lot of it doesn't work, but the best ones do incredible things.”

“Our view is that there is a need for philanthropy to fund some of this the same way that philanthropy funds the opera house and museums and parks that having a vibrant journalistic outlet to oversee a lot of these things Is that necessary for a vibrant communi…”

“Whenever I meet with my financial advisors and I do this once a year, they tell me, this is your net worth. And if it's above that number, which it has been the last. 12 years cause it's been an amazing economy. I do one of two things with the incremental numb…”

“And the thing that in running a philanthropy, I'm incredibly envious of people who run companies is that like you guys can have a dashboard and there's like financial results and people tell you if you're on the right track on the wrong track and there's clari…”

“Less and less people are participating in philanthropy. High of 66% down to about 49% of households participating in philanthropy.”

“You can never do anything that's totally pure. Because if it's really deeply moral, then a little bit, you think, oh, people will praise that.”

“At the time, too, there was also not a lot of connective tissue between the grant side of the house and the investment side of the house, and I think that's pretty common in philanthropy to see.”

“In India, we say Seva is always done with the spirit of recognizing you in the other. It's about an Advaitic expression where there's no distinction between you and me, and therefore, I am serving this same divine spirit in you. It's a prasad I offer to, my se…”

“Because you're just giving back to society from which the business, forget about the individual part of it, that of course also, but when you're getting so much, ah, for business to play a role in impacting society positively is just part of a charter of busin…”

“If one has spent his or her life You know being philanthropic, chances are that they truly believe in that, which is why they lived a life that they chose to live. Even if there is some element of making you feel you know, like a high if you're supporting peop…”

“There are certain entities, private sector, philanthropy, et cetera, that can really serve as our leading indicators. They're the best practice mechanisms. They're the ones who can be essentially the seed capital. Oftentimes in innovations at work, what they n…”

“The basic needs of the people, the safety net, that's not really the role of philanthropy, because you need to count on that year in and year out, and the government, you know, through the political process needs to decide that.”

“A lot of the best government programs, if you look into them, some philanthropists funded the pilot, you know, brought together talented people, and often you're using them Same skills that you cause you to be able to be successful and now using it on behalf o…”

“There's a great book out there called when helping hurts. And it afterwards, actually somebody gave it to me and I read it. And I mean, you talk about being cut deeply. It's a book about when you try to help and it hurts people. It's one of the One of the best…”

“But actually, I think in terms of philanthropy, People tend to want to give when something's actually very inaccessible from a cost perspective.”

“When you don't have kids, you tend to Be more philanthropic.”

“Philanthropy should not be making small fragmented investments, which may not have the kind of impact you can have by making large substantial investments.”

“And what I've learned from that is that philanthropy is, is often not the solution to many problems and that you know, business and for-profit business models are much more effective solutions to problems, most problems.”

“The really, in my view, the enlightened universities that really think strategically about things like spinoffs, and students and professors taking leave, and so forth, are the ones who realize that the long game here is probably philanthropy as contrasted to,…”

“And also just because the world's getting richer, there's more and more smart money in philanthropy. And in general, the best giving opportunities are going down over time.”

“In a sense, I think that most problems in the world shouldn't be addressed with philanthropy.”

“Philanthropy is really that, like, last line of defense, as it were, where you've both got a kind of market failing and democratic failing, and I think that applies for people in very poor countries who, you know, they don't get a vote over who's U.S. Presiden…”

“And by the way, it's interesting because I thought I, you know, have a lot of money, and I have a lot of money relative to most people. And then you realize through this that you have a tiny bit of money relative to all that needs to be done.”

“The power of a business done the right way Is way more powerful than two rich people.”