By: Janice Schoos, 2/28/2007
Leading philanthropists know that to achieve significant results, they often have to be willing to tolerate a certain amount of risk. How can they tell which initiatives are worth “gambling” with their philanthropic dollars? This week, Milano The New School for Management and Urban Policy hosted a stimulating forum: Big Ideas, Big Gifts, Big Impact: A Conversation with Today's Philanthropists. The featured panelists were Alphonse Fletcher, Jr. Chief Executive Officer of Fletcher Asset Management, Inc. and President of The Fletcher Foundation; Agnes Gund, Founder and a Trustee of Studio in a School Association, a nonprofit organization that supports public school art classes; Evelyn H. Lauder, Senior Corporate Vice President of The Estee Lauder Companies Inc. and Founder and Chairman of The Breast Cancer Research Foundation; and George Soros, chairman of Soros Fund Management, and Founder & Chairman of the Open Society Institute and Soros Foundations Network."