Philanthropists are putting record sums into tackling the world’s most pressing problems. And unlike the mega-donors of the past today’s philanthropists want to see the results in their lifetimes. But how altruistic is this new golden age of giving? Have these mega-donors become too powerful?
Sustainable, meaningful, purpose-led. However framed, when applied to organizations, these terms indicate to wider society that a company is committed to making a difference. Evidence proves that purpose-led organizations are no longer a buzzword.
Contrary to popular (naive) belief, less than 20 percent of clothing donations sent to charities are actually resold at those charities. The other 80 percent is sent to textile recyclers who then determine the next cycle of the garment’s life.
The motion made the Patek Philippe Grandmaster Chime the most expensive watch ever sold by a wide margin. The Grandmaster Chime is a modern watch made specifically for the Only Watch auction, which donates 100 percent of its proceeds to Duchenne muscular dystrophy research.