The Science Of ...

Reached the top? Send the lift back down! The science of philanthropy…

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

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This article first appeared on 702 : Reached the top? Send the lift back down! The science of philanthropy…


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