I believe Philanthropy is not about giving money but about solving problems. This is at least the philosophy we follow at the Financial Policy Council
I also believe a philanthropist should think like an entrepreneur and think of social challenges as an opportunity to create large enterprises.
It’s really easy to create a $1 billion company–you just have to solve a $10 billion problem.
Most of these large $10 to $100 billion problems happen to be social problems.
That’s why I think that some of the largest opportunity exist for an entrepreneur in solving humanity’s grand challenges.
True philanthropy requires a disruptive mindset, innovative thinking and a philosophy driven by entrepreneurial insights and creative opportunities.
To disrupt the status quo, drive philanthropy at tremendous scale, and develop long-term economic vitality through giving, we must apply the same models for success in our philanthropic endeavors as we do in business.
As a lifelong entrepreneur and financier, I see philanthropic organizations the same as any other business venture.
Read More: What is venture Philanthropy?
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