Chuck Feeney: The Billionaire “Purposely Going Broke”

Categories: Gift Intelligence

Chuck Feeney: The Billionaire Who Is Trying To Go Broke

He forces charities to compete for his cash, requesting detailed business plans with clear milestones and full transparency. If a project runs off course, Feeney cuts funding. He chooses programs that promise exponential returns that will allow people to lift themselves up. He pumps billions into university research in places like Ireland and Australia because he believes it creates a skilled workforce and attracts top talent, setting the table for high-tech industry and foreign direct investment. Operation Smile, a charity that corrects cleft palates in children from poor nations, is a classic Feeney cause: a one-time $250 investment to cover the cost of a simple surgery that will markedly improve every day of the patient’s life.

To further maximize return, Feeney leverages every dollar the foundation gives–using the promise of substantial gifts to force governments and other donors to match. In one famous example, in 1997 he proposed pledging roughly $100 million to Ireland’s universities but only if the cash-strapped government matched the amount. It did. (A total of $226 million in Atlantic grants have leveraged $1.3 billion of government money to its university system.) He works the same tactic with other wealthy people and development offices. Feeney never slaps his name on a library or hospital, since he can collect additional money for the project from more egocentric tycoons who gladly pay millions for the privilege.

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Aug 11

TED video: Anil Gupta on Mapping the Creative Mind of India & the World at Grassroots (G2G)

(2009/2010) Anil Gupta is on the hunt for the developing world’s unsung inventors — indigenous entrepreneurs whose ingenuity, hidden by poverty, could change many people’s lives. He shows how the Honey Bee Network helps them build the connections they need — and gain the recognition they deserve.  See video here.

About Anil Gupta

Anil Gupta created the Honey Bee Network to support grassroots innovators who are rich in knowledge, but not in resources. Full bio and more links

Comment: Anil Gupta’s “database” was mentioned in the book “The Fortune at the Bottom of the Pyramid.”
A few interesting pieces mentioned in the video:

  • “Freedom is to look in the mirror & learn.”
  • Curiosity, Creativity, Compassion, Collaboration (CCCC)
  • “Desperation made me an innovator,” and “Even love needs help from technology” (70 yr old man who invented an amphibious bicycle)
  • “With no one to fund my studies, I scaled new heights” (from a man who invented a coconut tree climber)
  • G2G model (Grassroots to Global)
  • Creativity counts, knowledge matters,  innovations transform, incentives inspire..and incentives are not just material, but non-material incentives.

Related:

Design for the Other 90% Exhibit + “Micro-Giving” Global Needs Index to Connect Rich to Poor/Fullfill Global-to-Local Requests

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Mar 15

Who’s Who in Collective Intelligence: Michel Bauwens

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Michel Bauwens

Michel Bauwens (born 21 March 1958) is a Belgian Peer-to-Peer theorist and an active writer, researcher and conference speaker on the subject of technology, culture and business innovation.

Bauwens is founder of the Foundation for Peer-to-Peer Alternatives and works in collaboration with a global group of researchers in the exploration of peer production, governance, and property.

With Frank Theys, Bauwens is the co-creator of a 3 hour documentary TechnoCalyps, an examination of the ‘metaphysics of technology’. He taught and, with Salvino Salvaggio, co-edited a two-volume French language anthologies on the Anthropology of Digital Society.

Bauwens is the author of a number of on-line essays, including the seminal thesis Peer to Peer and Human Evolution, and The Political Economy of Peer Production. He was also editor of the email Pluralities-Integration newsletter (until 2007, when it ceased production).

http://duckduckgo.com/?q=Douglas+Johnson+faith+religion

Structured Web Hits

Personal Biography at P2P Foundation

P2P in a Nutshell [See especially The State of It All]

P2P Theory Core Works

Peer Governance as a third mode of governance

Cognitive Capitalism

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Feb 13