Open Market Philanthropy
MIT assistant professor, Ed Boyden, discusses the concept of open market philanthropy -- connecting dollars to ideas. Boyden suggests having a website that serves as a forum for announcing research projects. Individuals browse projects and donate as they see fit. The concept is similar to micro-lender, Kiva, but channels funds to researchers.
Full-text blog posting by Boyden available via Technology Review (published by MIT), 9.24.07.
Labels: open market philanthropy, research
posted by Katie Drossos @ 12:12 PM
2 Comments:
utlining their goals, methods, and potential impact. Individuals could then browse these proposals and choose which ones to support financially, much like donors selecting causes that resonate with them.
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The article highlights an important shift toward treating philanthropy as a more open and market-like system, where transparency and shared knowledge can significantly enhance impact. By encouraging broader participation and information flow, “open-market philanthropy” helps align resources with the most effective opportunities, ultimately fostering innovation and accountability within the sector. This perspective reinforces the idea that strategic openness can amplify both efficiency and long-term social value in philanthropic efforts.
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