Donor’s actions send a reminder
December 12, 2002 | Read Time: 1 minute
To the Editor:
Peter B. Lewis sends a dual reminder to everyone involved in the not-for-profit sector (“When Wealthy Philanthropists Put Their Mouths Where Their Money Is,” November 28). Unlike the government and private sectors, the not-for-profit sector relies on an intricate web of voluntary commitments from board members, major donors, clients, and countless other individuals and organizations.
Yet, Mr. Lewis seems to forget that he is not alone in his voluntary participation. His actions remind us that the sector is increasingly modeling itself after the private sector. As philanthropy shifts away from altruism toward investing, major contributors behave more and more like venture capitalists. Not-for-profits are even often referred to as the “implementers” in partnership with investors. Throughout the sector, business terminology and practice are commonplace and venture philanthropy is rapidly growing.
Whether we agree with Mr. Lewis’s decisions or not, we should be grateful that he challenges us to step back and look at the possible future for the not-for-profit sector.
Kate Vogt
Mill Valley, Calif.