Young Bankers Apply Finance Experience to Charity Start-Ups

Finance professionals in their 20s and 30s are starting nonprofits, aiming to apply the language and lessons of capital markets to aid such groups as students, veterans, and the global poor, Bloomberg writes.

The article examines several organizations started by young bankers who characterize the populations they seek to serve as markets, their work as leveraging and allocating resources, and their results as yields. Some say they are setting a new model for Wall Street philanthropy by not leaving their jobs for full-time charity work or waiting to start giving their money away.

“Among this generation—our generation—is a deep passion and interest in learning, earning, and returning simultaneously,” said Andrew Klaber, a 32-year-old hedge-fund analyst who heads Even Ground, which works with African children affected by AIDS. “You just see an unmet need in your research, and research is what we do on Wall Street.”