“I just got back from Skoll World Forum, the Cannes Festival for those trying to make the world a better place. … Amidst the flow of people and ideas, there was one persistent source of turbulence. Literally, within five minutes of my arrival, I was hearing tales of anxiety and exasperation about ‘Big Bet Philanthropy.’”
In recent years, big bet grants have brought more money into the social sector, are mostly unrestricted, and have focused on some of the best solutions out there. So, what’s the worrying all about? Kevin Starr of the Mulago Foundation reflects on some of the unintended consequences of these startlingly big checks and why big bets haven’t (yet) become the next big thing in philanthropy.
Read more and weigh in with your ideas.
Related SSIR articles: Small Foundations Can Have Outsize Impact and Do They Still Need Our Money?
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