Stuart Buck on X: "One thing about philanthropy that has bothered me for about a decade is how inefficient, bespoke, and ad hoc it is, especially when it comes to high-net-worth individuals and family offices. Lots of people who have more money than they could ever spend on themselves, and who https://t.co/OkAwLVO8ak" / X
To view keyboard shortcuts, press question mark View keyboard shortcuts Messages Home Explore Notifications Messages Grok Lists Bookmarks Communities Premium Verified Orgs Profile More Post kristie! @kristiehuang Post See new posts Conversation Renaissance Philanthropy reposted Stuart Buck @stuartbuck1 One thing about philanthropy that has bothered me for about a decade is how inefficient, bespoke, and ad hoc it is, especially when it comes to high-net-worth individuals and family offices. Lots of people who have more money than they could ever spend on themselves, and who fully intend to get into philanthropy (such as Giving Pledge signatories), nonetheless don’t want to create a large foundation with a full-time staff of several dozen folks. But what’s the alternative? In some cases, they hire one or two people (if that much!) to write a few big checks here and there. https://nytimes.com/2024/03/10/us/elon-musk-charity.html… Check out this multi-billion foundation with no employees
Stuart Buck @stuartbuck1 One thing about philanthropy that has bothered me for about a decade is how inefficient, bespoke, and ad hoc it is, especially when it comes to high-net-worth individuals and family offices. Lots of people who have more money than they could ever spend on themselves, and who fully intend to get into philanthropy (such as Giving Pledge signatories), nonetheless don’t want to create a large foundation with a full-time staff of several dozen folks. But what’s the alternative? In some cases, they hire one or two people (if that much!) to write a few big checks here and the
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