Video
Will the Economic Crisis Force a Philanthropic Reset?
In her “Reimagining Philanthropy” series for the Chronicle of Philanthropy, Stanford University philanthropy expert Lucy Bernholz points out that measures of charitable giving and nonprofit vitality declined during the pandemic even as thousands of people take to the streets, deliver aid to neighbors, and create online communities of care. “While we search for ways to reconstruct our shattered economy into something better,” says Bernholz, “we also need to reflect on how best to rebuild the nonprofit world and not simply recreate the ‘old normal.’”
In this one-hour session we zero-in on questions triggered by the economic crisis including: How can we go beyond short-term fixes to shore up nonprofits, such as increasing payout rates and issuing social bonds? Do we need to reconsider philanthropic structures themselves, including tax privileges and laws that have allowed these institutions to thrive in an inequitable system?