How to (or Why) Become a Philanthropist


A research team at the Centre for Charitable Giving made up of researchers from he universities of Newcastle, Exeter and Strathclyde, has conducted a major initiative to understand the experiences of entrepreneurs turned philanthropists.

They found that these entrepreneurs shared some common traits:

  • Pursuit on a not-for-profit basis of big social objectives through active involvement of their economic, cultural, social and symbolic resources.

  • Application of business-like methods when making social investments: key performance indicators and rates of return.

  • Investment of more than just money to their causes: time, connections, the 'know-how', branding.

  • Application of leverage to their investments and frequent collaboration with others, including governments.

  • They don't believe in giving handouts. They want to help others to help themselves.

The researchers also found that the entrepreneurs accrued tremendous benefits from their philanthropic efforts.

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Federal Programs Related to - Philanthropy, Voluntarism & Grantmaking, General/Other

Private nonprofit organizations whose primary purpose is to promote the practice of charitable giving and volunteering or to represent and serve a wide range of philanthropic and charitable institutions.

Adam Braun, founder of Pencils of Promise, is giving nonprofits a no-nonsense way to bring entrepreneurship to the next level. Pencils of Promise is a philanthropic organization that focuses on forming sustainable educational programs, and forging long-lasting, partnerships with communities. The organization aims to increase access to quality education and impact students and their families in high-need communities throughout Laos, Ghana and Guatemala.

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