Daily News Roundup: Billionaire LinkedIn Co-Founder Defends Modern Philanthropy
June 9, 2017 | Read Time: 1 minute
LinkedIn Co-Founder Talks Philanthropy and Influence: In a Q&A with The Atlantic, Reid Hoffman talks about modern philanthropy, the outsize influence of wealthy donors on public policy, how his nonprofit Code for America uses technology to try to improve the efficiency of government programs, and his plans to use his fortune to do good during his lifetime.
Impact Investing Gains Popularity in India: Traditional philanthropy in India is slowing giving way to more market-based approaches to doing good, according to Roopa Kudva, managing director of Omidyar Network India Advisors in a Q&A in LiveMint, a daily business newspaper in India.
New York’s Pearl Theater Company to Close. The nonprofit theater troupe filed for chapter 7 bankruptcy and will cease operations after 33 years, reports The New York Times. In an email, a spokesman said the group’s leaders believe they should have invested earlier in marketing and fundraising to diversify its audience.
