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What makes a philanthropist? The attributes are many, a new study shows.
Gordon Gund, whose investment firm has owned several sports teams, was blind by age 30. Now 78, Mr. Gund has spent the last four decades raising money for research to stop or reverse degenerative forms of blindness. And he finally seems to be close to fulfilling his dream.
Judy Jordan, 56, created a well-known California winemaker, J Vineyards & Winery. After selling it to a large wine producer a few years ago, she started a new winery, but this time, she is using the business to help the agricultural families that worked to make her successful.
Sapphira Goradia, 34, is the executive director and sole employee of her parents’ charitable entity, the Vijay and Marie Goradia Foundation. She is focused on making grants to educational and health organizations in India and determined to measure their impact.
The three are as different in interests as they are in age, but all are philanthropists. Which raises the question: Is there a way to gauge the choices, motivations and influences of a philanthropist?
The Philanthropy Workshop, an educational and networking organization, undertook a yearlong study to determine what a high-net-worth philanthropist looks like. Its report, to be released on Tuesday, is called “Going Beyond Giving: Perspectives on the Philanthropic Practices of High and Ultra-High Net Worth Donors.” The data the group collected is robust, but what it really revealed was how hard it is to put such a diverse group into easily understandable boxes.
Read the full article about the picture of the new philanthropist by Paul Sullivan at The New York Times.