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This book highlights the historic inflection point we are in, both in terms of philanthropy in general, and specifically in financing the solutions to our largest and most urgent social and environmental problems. It covers the two movements that have recently had a dramatic influence on capitalism. First, wealthy millennials have been pressuring their bankers to invest their family portfolios in companies with high social and environmental impact (ESG ratings), triggering a wave where the wealth management industry, and now all public companies, are significantly adapting to the increasing…mehr

Produktbeschreibung
This book highlights the historic inflection point we are in, both in terms of philanthropy in general, and specifically in financing the solutions to our largest and most urgent social and environmental problems. It covers the two movements that have recently had a dramatic influence on capitalism. First, wealthy millennials have been pressuring their bankers to invest their family portfolios in companies with high social and environmental impact (ESG ratings), triggering a wave where the wealth management industry, and now all public companies, are significantly adapting to the increasing demand for good. Second, The Giving Pledge triggered another wave, changing what success and the accumulation of wealth means. It has even begun to redefine the goal of capitalism as more than 230 billionaires have pledged to give half or more of their wealth away.

This book also focuses on the bottleneck problem that The Giving Pledge has created, as it is very hard to give hundreds of billions away with measurable impact to nonprofits lacking detailed long-term plans to scale. Nonprofits have never had the luxury of having all the resources to invest in the planning, management training and systems needed to rapidly expand. Thus taking in very large gifts is very difficult, and almost impossible to justify. Large philanthropy can always be used for traditional capital campaigns and to fund endowments, yet The Giving Pledge signers are often looking for large visible impact beyond these traditional avenues. The result is a bottleneck which has grown as more billionaires pledge their funds away while their wealth continues to skyrocket and giving rates stay very small.

Finally, this book covers the emergence of large giving vehicles, modelled after the private equity industry. They have sophisticated third-party managers focused on deploying funds and supporting management teams. It also covers the scaling of nonprofits in a significant way ("Big Bets") as well as investing large philanthropy through for-profits as Philanthropic Private Equity. This book is of interest specifically to nonprofit and foundation leaders, as well as wealth managers, estate attorneys and other philanthropic advisors. It is also of interest to investors and corporate CEOs as they begin to access these large pools for philanthropic capital to increase their impact. This book is focused on providing those with the ability to make large philanthropic investments a path to scale their impact and increase their fulfillment and that of their family. It provides a step-by-step guide of how these approaches, especially Philanthropic Private Equity, can actually solve the social and environmental challenges that have been seemingly hopeless. The second edition also presents a plan to use these concepts to create a path to solve the housing crisis in America.

Autorenporträt
Sean Davis is the Founder and Managing Partner of Merton Capital Partners. Merton is an early pioneer in philanthropic private equity, advising the wealthy on investing their philanthropy alongside large companies to solve significant social and environmental issues. Mr. Davis started his career with J.P. Morgan in New York and then joined Advent International, a leader in international private equity, helping to develop its office in Brazil. Mr. Davis then joined Saratoga Partners in New York and was dedicated to leverage buyout opportunities and restructurings. Mr. Davis was recently the Development Director for The Salvation Army of Palm Beach County, where he created bold growth plans in early learning and housing for the homeless. Mr. Davis was raised in Colombia and Argentina and graduated from Phillips Exeter Academy and from The Edmund A. Walsh School of Foreign Service at Georgetown University. He also has an MBA from the London Business School where he co-founded the LBS Private Equity Conference. Mr. Davis is the author of Solving the Giving Pledge Bottleneck, a Top 12 Forbes Must Have Books And Podcasts For Leaders In 2023. Mr. Davis is an Adjunct Professor at Palm Beach Atlantic University, a TEDx speaker, and an advisor to various nonprofits.