Weekly Reads
“The development of AI is as fundamental as the creation of the microprocessor, the personal computer, the Internet, and the mobile phone. It will change the way people work, learn, travel, get health care, and communicate with each other. Entire industries will reorient around it. Businesses will distinguish themselves by how well they use it. Philanthropy is my full-time job these days, and I’ve been thinking a lot about how—in addition to helping people be more productive—AI can reduce some of the world’s worst inequities.” [more]
Bill Gates on GatesNotes
“[BIPOC]-led organizations are often the ones viewed as ‘risky’ investments due to the ways that structural racism is embedded in our financial systems. … As philanthropy considers what risks to take and what constitutes a risk in the first place, we at Kataly offer two questions that help us in our own risk analysis: What is the risk to the community (those that stand to be most directly impacted) if the project doesn’t happen? And does this initiative have community support, buy-in and engagement, which we identify as the greatest risk mitigant to a project or loan?” [more]
Lynne Hoey, Kataly Foundation, for Inside Philanthropy
“The easy part of becoming more trust-based is describing what it means to be trust-based. The hard part is effectively getting there. … The reward, however, is worth it. By constructing high-trust partnerships between foundations and nonprofits, the philanthropic sector can drive even more impact.” [more]
Andrew Spector, Leadership Tulsa, for Trust-Based Philanthropy Project
“[B]ecoming a learning organization requires taking a systems-change view and applying it to our own work. This requires engaging an array of mutually reinforcing levers, ranging from targeted interventions to catalysts for deeper shifts, which together create a broader culture change.” [more]
The Walton Family Foundation
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