Thomas J. Walsh
is an editor at Geneva Global Inc., a for-profit philanthropy company based in Wayne
For-profit philanthropy... a contradiction in terms? Well, 2006 might have been the year that brought the philanthropic urge (to help people, as the Greek roots remind us, out of 'love' for people) together with the moneymaking principle. The aim of the recent movement toward for-profit philanthropy (also labeled 'hybrid' or 'entrepreneurial') is to keep philanthropic efforts on course with a successful business model, not to enrich shareholders."