“Moreover, this philanthropic work places brands in the fashionable arena of urban regeneration as they send out messages about the quality of life, time and spaces we are part of…”
“Private donors accounted for 80 percent of the funding, with the remaining 20 percent coming from Los Angeles County…”
“The strategy was the outgrowth of an open conversation between Ford and the Urgent Action Funds about how the BUILD grant could support the group’s long-term sustainability, including through investments…”
“Donors who want to make an immediate impact and avoid ideological drift are setting up foundations that must spend their whole endowment and go out of business in a fixed period of time…”
“The Hunt family owns one of the largest private oil companies in the country. Leah Hunt-Hendrix funds social movements that want to end the use of fossil fuels…”
“Today, practically everyone above a certain net worth has a World-Saving Project or WSP. […] The potential benefits of all this funding are, of course, huge. But a wealthy individual’s financial nimbleness, and their limited accountability, potentially create certain risks…”
“In Seoul, though, a wave of remarkable institutions, often funded by big corporations, have opened in rapid succession. Does this art/architecture nexus define the increasingly porous world between museums, commercial galleries, corporate branding, auction houses, art fairs and design?…”
“The change to a ‘new model’ is meant to maximize the foundations’ grant-making dollars, the OSF statement said, and ‘create a culture of ‘strategic opportunism.’…”
“Over the next 25 years, $30 trillion-plus will be passed on to the next generation in what has been described as the greatest wealth transfer in history. Some of this enormous pool of wealth will be used for philanthropy, charity, and social impact. Whilst the desire to give back spans ages, this new cohort is transforming how we do philanthropy…”
“What is clear, however, is that a considerable amount of what comes in is used to make Rolex one of the luxury goods industry’s most prolific contributors to philanthropic causes…”
