Civil Voices
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  |  Finance, Philanthropy

Australian Philanthropist in 25 Best Givers List


Tuesday, 8th December 2009 at 11:22 am
Staff Reporter
Australian philanthropist, John Wood joins Bill and Melinda Gates in the 25 Best Givers List

Tuesday, 8th December 2009
at 11:22 am
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Australian Philanthropist in 25 Best Givers List
Tuesday, 8th December 2009 at 11:22 am

The list ranks Wood above Bill and Hillary Clinton, Jimmy Carter, George Soros, Peter and Jennifer Buffett, Brad Pitt and "Magic" Johnson.

Wood says the inclusion is truly humbling. But, he says to be included in the list along with his funders and friends Jeff Skoll and Bill and Melinda Gates was the icing on the cake!

This list was compiled by Barron’s, in collaboration with the Global Philanthropy Group, to highlight the “best of the best” and most effective charities when people are looking for the greatest “bang for their buck.”

The magazine described the little known John Wood as the Low-Budget Philanthropist.

It says unlike many of the other names on the list, Wood wasn’t a billionaire or even a wealthy millionaire when he stumbled into the world of philanthropy while on a trekking trip to Nepal. He founded Room to Read after deciding to pursue his passion to stock school libraries in Nepal and other poverty-stricken nations as only a hobby.

Barron’s reporter Suzanne McGee suggests that with the recession squeezing donors and charities alike, it’s more important than ever to make sure your giving really makes a difference.

Barron’s described those on the list as "high-impact giving" organisations that takes care with each dollar invested.

Barron’s says while rankings in other publications highlight those who give the most money, it chose to focus on those who are getting the results and that some of the findings will surprise.

It says who would imagine, for instance, that a targeted effort to alleviate the worst poverty in a single country, Ethiopia, could end up having a greater impact than the massive $34 billion Bill & Melinda Gates Foundation and its myriad education and health programs worldwide?

Barrons says by its standards, the Ethiopian initiative, launched by Donna and Philip Berber, wins by dint of immediacy because it could take a decade for some of the Gates Foundation’s research into vaccines to translate into an impact on people’s lives.

By contrast, it says when the Berber’s Glimmer of Hope digs a well and provides clean water to an Ethiopian Community, people’s lives are improved immediately and critically.

It concludes however that if even some of the Gates’ long-term initiatives bear fruit, the foundation would tower over all other philanthropic efforts in terms of impact. But for now, it rates it No. 7.

Global Philanthropy Group and Barron’s say they considered scores of philanthropists, rating them on such criteria as innovation, quality of alliances with other groups, the ripple effects of their giving and the extent to which their successful projects can be replicated.

They say they gravitated to philanthropists whose causes address severe problems, like children’s health in high-poverty regions of the world, but a broad range of causes, even in the arts, are reflected in the final cut.

Barrons says some of the top 25 are true celebrities, like Brad Pitt and Magic Johnson, while others are people we’ve probably never heard of before, like Australian John Wood. The former Microsoft executive distributes a book every three minutes to children in nine developing countries through Room to Read.

The Magazine says the two philanthropists it thinks are having the biggest impact happen to have each made their fortune at eBay, the giant flea market. Pierre Omidyar, No. 1, and Jeffrey Skoll, No. 2, have similar missions, too: They focus on supporting the work of other philanthropists and providing them with networking and leverage opportunities.

Barrons says that is a hallmark of a high-impact practice known as venture philanthropy.

See the full list at online.barrons.com



FEATURED SUPPLIERS


We specialise in data solutions consulting and IT profession...

DQUBE Solutions

Brennan IT helps not-for-profit (NFP) organisations drive gr...

Brennan IT

HLB Mann Judd is a specialist Accounting and Advisory firm t...

HLB Mann Judd

Yes we’re lawyers, but we do a lot more....

Moores

More Suppliers

Get more stories like this

FREE SOCIAL
SECTOR NEWS

YOU MAY ALSO LIKE

Finalists Named in 2017 Workplace Giving Excellence Awards

Lina Caneva

Wednesday, 11th October 2017 at 4:16 pm

Nominate for Human Rights Award

Lina Caneva

Monday, 14th August 2017 at 1:54 pm

Awards Recognising Leadership in Shared Value Are Now Open

Rachel McFadden

Tuesday, 4th July 2017 at 2:58 pm

More than $170,000 Available for Young Environmental Entrepreneurs

Rachel McFadden

Wednesday, 14th June 2017 at 9:17 am

POPULAR

Australians Losing Trust in Charities

Wendy Williams

Wednesday, 7th February 2018 at 5:28 pm

Luke Batty Foundation to Close as Rosie Batty Steps Down

Luke Michael

Monday, 19th February 2018 at 5:37 pm

Calls to Remove ‘Blanket Religious Exemptions’ for Faith-Based Charities

Luke Michael

Friday, 16th February 2018 at 2:35 pm

Prisoners with Disability Subject to Harrowing Abuse, Report Finds

Luke Michael

Wednesday, 7th February 2018 at 4:19 pm

Write a Reply or Comment

Your email address will not be published. Required fields are marked *


Civil Voices
pba inverse logo
Subscribe Twitter Facebook

The social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!