Writing for CNN, John Bare says Millennials will “reinvent” charity. What do you think?
My niece Sarah is one of the do-gooders with an entrepreneurial bent who’s blurring nonprofit and for-profit activities.
Through micro-lending, Individual Development Accounts, creative marketing and a novel kind of stock offering, these disruptors are re-imagining charitable giving and re-purposing investment tools.
Now we need policies and financial instruments to catch up to the movement.
I find these developments exciting, but I’ve been involved with churches that were giving micro loans since the early 1990s through traditional agencies such as Catholic Relief Services, so while these sorts of vehicles are becoming more popular (and that’s good) some aren’t especially cutting edge (and that’s okay.)