Interest Blossoms in Point-Click Philanthropy
Several times a year, Heidi Hess and James Rucker of San Francisco go online, PayPal style, and redirect their wealth to their favorite charities.
They are tactical philanthropists - part of a growing group of socially conscious givers in the Bay Area whose generosity accounts for more than half the $1 billion in assets at the San Francisco Foundation.
Full-text article by Meredith May is available via the San Francisco Chronicle, 10.12.08.
Labels: charitable giving, online giving
posted by Courtney Lavery @ 10:49 AM
3 Comments:
They are tactical philanthropists, members of a growing group of socially minded Bay Area giving who contribute more than half of the San Francisco Foundation's $1 billion in assets.Thank you for sharing your insight! Keep up the great work! Continue sharing. Please feel free to browse my website.
Several times a year, Heidi Hess and James Rucker of San Francisco go online, PayPal-style, to redirect their wealth to their favorite charities.
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By selling these assets privately rather than waiting for long-term investments to mature, universities can quickly raise cash and improve liquidity. This strategy helps them cover operating costs, fund scholarships, and maintain research programs without making deep budget cuts. However, private sales may come at a discount, meaning institutions could receive less than the assets’ estimated value. While not ideal, such moves can provide short-term financial stability during periods of economic uncertainty and market stress.
Emdeon
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