I'm happy to say the answer is yes. And, he adds, it is only the beginning. The transformative power of these new donors reaches beyond the recipients to philanthropy itself. They're impatient with a lot of problems in our society that have not been solved. At the top of their lists are health, social programs, education, and the arts.
Grace says foundations and nonprofits are appealing as a vehicle for getting things done.
It is free of the corporate role, of stockholders, and it's not the government. These dot-orgs are offering solutions to many important problems in a way that speaks to the New Philanthropists. The new donors want to see their money produce results, not bureaucracies. I've never understood people who wait until they're 90 years old to give back to their communities. In his own back yard, Dempsey serves on the board of Eastfield Ming Quong, a Santa Clara-based nonprofit that works with 2,500 emotionally disturbed children and their families.