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When we started out, I kept wondering, what are the rules of philanthropy? And it turns out that there are rules for it. And nobody could talk about that. There is no set formula for this because anything with a human being cannot have a formula.
For me, if I have done my duty, the continued approbation of Congress and the Marine Committee will make me rich indeed, and far more than reward me for a life of service devoted from principles of philanthropy, to support the dignity of human nature.
People who put money in the church basket and people who go to church and pay the pastor: that isn't real philanthropy; that's just like you belong to a country club. You pay your dues to belong to that church, so you pay your tithing or whatever it is.
It's important to think good, speak good, and do good. If we want to see positive change in the world, then we need to connect to goodness. I try in everything I do, both in business and philanthropy, to make a positive change and do that by doing good.
I was born to Haitian parents, and the idea of giving back is really just a part of our culture. So, I don't think there was ever a moment that I questioned my call to philanthropy, but I can say that the more I've grown, the bigger that call has become.
A lot of people making a lot of money, billion, billions of dollars accumulating. Why are they coming for, finally, for philanthropy? Why the need for accumulating money, then doing philanthropy? What if one decided to start philanthropy from the day one?
I'm on a lot of nonprofit boards, but if I didn't enjoy it I wouldn't do it. I haven't yet done anything that's transformational in philanthropy. But I hope at some point to target two or three causes or organizations and really make transformational gifts.
Government, in its ultimate form, is the biggest philanthropher based in the world. And Bill Gates also said that he could do a small part of what the government can do, which is business philanthropy, equalling people and making sure there is inclusiveness.
A press statement may be given with a very good intention, but it says nothing beyond it. If it comes from corporations they run, then it is corporate social responsibility (CSR). That's different from philanthropy. CSR is a lot of shareholders, including me.
Unfortunately, the mechanism for doing philanthropy in a structured way isn't yet in place in India. I already do a fair bit and support various causes such as education, sanitation, health. But selling costly drugs at affordable prices is philanthropy in itself.
I personally think that people who are inheriting the wealth must have an agreement on how that wealth will flow from generation to generation, how they would like to spend it, and have similar philosophies around philanthropy to ensure continuity and scaling up.
Major forces that have contributed to the evolution of philanthropy in India in the pre-modern era have mainly been driven by religion, family, and society. The Hindu teaching of 'daan' or 'giving' is present in different ways in almost every celebration or ritual.
At the end of my journey, I see myself as a Rocket. That's where I ended my career, and also the organization that did so much for me. They knew I had a vision, and I went to work for the owner, who's a man who believes in philanthropy and believed in me as a player.
Who can begrudge the generosity of the wealthy, you might say. Wherever you stand on the concentration of wealth and power in the hands of a tiny global elite, surely such charity should be applauded? But philanthropy is a dangerous substitution for progressive taxation.
I've always said that the better off you are, the more responsibility you have for helping others. Just as I think it's important to run companies well, with a close eye to the bottom line, I think you have to use your entrepreneurial experience to make corporate philanthropy effective.
As chief business affairs and legal officer, I am responsible for driving Airbnb's engagement strategy and civic partnership efforts as well as overseeing the company's global public policy, community mobilization, legal, communications, compliance, social initiatives, and philanthropy efforts.
Coming to Korea and becoming a singer, I always had two big goals personally. One was to be able to make it at some point so that I could do good things - I was always raised with an interest in social impact, philanthropy. The other thing was to be able to take my music and do it on a global scale.
So many rich people, when they get into philanthropy, they have one thing they like, or several things they focus on. They pick a disease or a college or some kind of non-profit. They produce good results through that cause, but also they get recognized; there's some sort of monument to what they did.
The goal of the program, called Giving With Purpose, is to teach college students - and anyone else who cares to register - how to beneficially contribute to charity. That's not necessarily easy. There are IRS rules for giving that must be learned, and there is wayward, wasteful philanthropy to be avoided.
At what age did Warren Buffett come into philanthropy? At 76. He gave a very good reason. He said his wife was considerably younger than him. And all Americans believe they would live till 80, and they do live till 80. He told his wife that when he is gone, she should take care of whatever they need to do.
I was raised in a group home for 14 years, so I was a beneficiary of philanthropy. I didn't have a family. The nameless, faceless strangers were my family. They gave me an education, put food on the table and clothes on my back. I am who I am because of that formative experience. Now I am paying it forward.
Camfed graduates are active in their villages using their skills and resources to improve as many lives as possible. They are teaching financial literacy to marginalized women and bringing vital health care information to rural schoolchildren. Through example, they are demonstrating the power of philanthropy.
Historically, philanthropy has been something that you do when you turn 65, and you are retired, and you have spent your life accumulating your financial resources, and now you finally have time to do it. But because of the Internet revolution, that in turn revolutionized economic growth and wealth generation.
I think people align themselves with my way of thinking when they're talking to me. They try to create new avenues for me to pursue, so if you want to be a doctor and you have interest in human rights and philanthropy and social equality of medicine and disease, why don't you think about being surgeon general?
There are three lessons in philanthropy - one, involve the family, especially the spouse. She can be a remarkable driver of your initiative. Two, you need to build an institution, and you need to scale it up. Choose a leader for philanthropy whom you trust. Three, philanthropy needs patience, tenacity and time.
I've spent so much time with my dad traveling and seeing the ground-level change that we've been able to make through philanthropy and trip over trip, time over time, country over country, home after home we've been invited into, given tea, given food that people didn't have to give us, I mean all of these things.
One of the big myths about philanthropy is that it's all about donating funds for a cause. I like to look at it quite differently. Philanthropy is about 'giving' - not just in monetary terms but also in non-monetary aspects, like time, ideas, or being a volunteer. Donating money is just a small part of philanthropy.
Money can add very much to one's ability to lead a constructive life, not only pleasant for oneself, but, hopefully, beneficial to others. My grandfather, along with Carnegie, was a pioneer in philanthropy, which my father then practiced on a very large scale. The Christian ethic played an essential part in my upbringing.
You can do things in every part of the world. You can do things in every discipline. You can do large things, you can do small things. But it takes a while to figure out what you actually want to do. And it changes. As you change your interests and desires in philanthropy change, I think you have to be open to that change.
My role at Lockheed Martin puts me in contact with extraordinary leaders in many fields - from science and engineering to philanthropy and government. And since we also work closely with our nation's armed forces, we tend to reflect a lot on leadership and how we can inspire successful teamwork, cooperation, and partnerships.
Many of the problems of poverty and need are really problems of physical infrastructure: not enough hospitals, too few schools, insufficient roads, bridges, and a lack of tools. This is what makes traditional philanthropy so daunting. You could build a thousand new hospitals in some parts of the world and barely make a difference.
It is time for corporate America to become 'the third pillar' of social change in our society, complementing the first two pillars of government and philanthropy. We need the entire private sector to begin committing itself not just to making profits, but to fulfilling higher and larger purposes by contributing to building a better world.
In the ideal world, philanthropy should be redundant or at least it should be at the edges, as innovation or risk capital. But it's far from an ideal world; the wealthy are cornering more and more opportunities and resources from this planet. So, the big challenge for philanthropy is... can it engage with the distribution of wealth itself?
Private philanthropy is the direct expression of the great Christian principle of the brotherhood of man and the Golden Rule. Private philanthropy indeed is the only valid expression of these ethical principles; compulsory charity through 'social legislation' is the exact contrary: it is the evil imposition of force by one group on another.