Spring 2007 - Milton Academy

L E A D E R S H I PBringing ManagementExpertise to Philanthropy:New approaches to long-standing problemsOwen Stearns ’89“Lots of movement is happening quickly allover the world. Our job [at Monitor] is to facilitategood thinking and growth in a healthy,connected, cohesive way, and we’ve got signalsthat other organizations implementingchange want that, too.”Fast Company (the magazine and Web site)and Monitor Group named “Forty-threeentrepreneurs who are changing theworld” in their 2006 joint ranking. Theseentrepreneurs have “found a better way todo good: They’re using the disciplines ofthe corporate world to tackle dauntingsocial problems.” If you, the individualdonor, want to maximize the impact ofyour philanthropic dollar, give to one ofthese organizations, the article urges.The scale of philanthropy today is unprecedentedand growing. According to MonitorGroup data, total giving in 2006 reached$260 billion; the number of billionairesin the world exceeded 400 this year, comparedto roughly 170 in 1997; in theUnited States, from 2001 to 2004, thenumber of households with a net worth of$100 million or more increased from7,000 to 10,000. Sophisticated donorswant to find effective, long-term ways tosolve complex problems, and their outlookis not only local, but global.Pakistani villagers are in search of water after a severe heat wave which dried up their wells in Badin,250 kilometers southeast of Karachi, Pakistan, June 2005. The temperature in some regions crossed 118˚F.AP Photo/Pervez Anjum3 Milton Magazine