Igor

Strategic Philanthropy: Investing in the Next Generation of Entrepreneurs

Rich D'Attizio, Mike, Tom, Igor

At a panel hosted by the Milken Institute, the newly established Center for Strategic Philanthropy advocates replacing passive check-writing with active, business-driven philanthropy that prioritizes accountability and sustainability. Speakers highlighted successful venture philanthropy models, such as the Cystic Fibrosis Foundation's royalty monetization and WorldQuant University's scalable free education, which leverage rigorous efficacy metrics to redirect funds from administrative duplication to high-impact areas like medical research and small business growth. The discussion concluded with a call for donors to prioritize talent acquisition and rapid deployment strategies over legacy building, urging the community to address systemic barriers while ensuring interventions do not create long-term negative consequences.