The Money Show’s Bruce Whitfield interviewed Shelagh Gastrow (Director of philanthropy advisory service GastrowBloch Philanthropies and outgoing Executive Director of Inyathelo) for his weekly "The Science Of" feature.
Gastrow spoke about a new report entitled “Form and Function”.
The report reflects the research undertaken into the governance, financial management and the grant making practice of 21 South African philanthropic foundations (including Oppenheimer Memorial Trust, the Millennium Trust, Ackerman Family Foundation and the Shuttleworth Foundation) during the course of 2015.
This report was to assist existing foundations, as well as emerging entities, to benchmark their practice.
Scroll down for quotes from the audio below.
Philanthropy has become professionalised.— Shelagh Gastrow
We call people such as Bill Gates ‘philanthro-capitalists’.— Shelagh Gastrow
The wealthy South African families I’ve engaged with are very sincere.— Shelagh Gastrow
The 21 foundations we researched gave about R760 million in total.— Shelagh Gastrow
The banks are incredibly secretive.— Shelagh Gastrow
If an organisation isn’t building relationships not much will happen.— Shelagh Gastrow
There is no substitute for building trust through relationships.— Shelagh Gastrow
Philanthropic money can’t replace government funding. And nor should it.— Shelagh Gastrow
We may be going into a bit of a slump.— Shelagh Gastrow
Recommendedby THE NEWSROOM
"Your mother and I don't yet have words to describe the hope you give us for the future." - Zuckerberg to his newborn daughter.
Bruce Whitfield interviewed Certified Financial Planner Barry O´Mahony about the complexity of “giving” for individuals.
There are many ways philanthropists can (and do) get involved in tertiary education.
You get what you give. It’s a fact of life. Financial Advisor Warren Ingram discusses giving back and your finances…
We interview one of Africa's richest people about her amazing life and her drive to make a difference by giving back.
Former Pick n Pay Chairperson Raymond Ackerman was spotted on Wednesday carting around trays full of self-made sandwiches.
How Yvonne Chaka Chaka became a superstar and how she’s doing well by doing good.
In the parenting feature, Nikki Bush chats about why schools need to implement Physical Development into their daily curriculum.
In the health feature, infectious diseases specialist Professor Helena Rabie talks about stomach bugs, and how to treat them.
The DA has written to President Cyril Ramaphosa asking him to initiate an urgent Special Investigation Unit into the case.
National Institute for Communicable Diseases says all cases traced back to the same bacterial strain and source needs to be found.
UCT planning expert raises concerns over bidder's proposed plans for Foreshore development.
E Cape Saps says they are investigating the murder of five police officers and one retired soldier at Ngcobo Police Station.