Tag: 2020

Robert Downey Jr.’s Latest Philanthropic Investment

On February 17, 2021

In Blog, James Lustig, Jimmy Lustig, Philanthropy, Uncategorized

Iron Man star Robert Downey Jr. has been covertly making headways into the world of environmental research the last few years. In 2019, Downey Jr. founded the Footprint Coalition, an organization geared toward supporting scientific research and sustainability technologies. Earlier this week, Downey Jr. revealed a new arm of the Footprint Coalition at the Davos Agenda of the World Economic Forum: Footprint Coalition Ventures. Downey Jr. explains that Footprint Coalition Ventures will be the investment branch of the organization and that its mission will be seeking out and supporting companies that research sustainability.

Downey Jr. went into further detail on the goals of Footprint Coalition Ventures in an interview with reporters from Fast Company. Downey Jr. explains that creating Footprint Coalition Ventures will put the Footprint Coalition in a better position to help answer vital sustainability questions. Continuing, Downey Jr. says that Footprint Coalition Ventures have two types of funds, one for preliminary investments and the other for subsequent investment opportunities. Furthermore, the company follows a rolling fund investment schedule. In this manner, investors will be able transfer funds to companies on a quarterly basis, making Footprint Coalition Ventures more accessible to different kinds of investors. Downey Jr. adds that such a schedule opens the company to as wide a pool of investors as possible.

Footprint Coalition Ventures focuses on funding companies that research in six areas, including food and agriculture, energy, education, and advanced environmental solutions. Thus far, five companies, including Arcadia Earth and Cloud Paper, have received funds from Footprint Coalition Ventures.

Looking to the future, Downey Jr. says that he plans on using his status as a celebrity to raise awareness on the Footprint Coalition and sustainability ventures in general. While many other celebrities who are involved in similar organizations tend to keep a low public profile, Downey Jr. feels that it is his responsibility to use his platform to influence others. Jonathan Schulhof, who runs the day-to-day business of Footprint Coalition Ventures, points out that the company has used a YouTube video of Downey Jr. detailing the differences between plastic and polyhydroxyalkanoate, a new type of sustainable polymer invented by RWDC Industries, to help woo investors. Schulhof continues that such content can inspire audiences by making something extraordinary seem commonplace.

Five Great Books About Philanthropy in 2020

By Jimmy Lustig

On December 15, 2020

In Blog, James Lustig, Jimmy Lustig, Philanthropy, Uncategorized

With so many options out there, how – and why – should people consider giving? The five books below provide many answers to these and other questions, making for fascinating reading, both inspirational and impactful.

One of the best guides to the giving process is the traditional Inspired Philanthropy: Your Step-by-Step Guide to Creating a Giving Plan and Leaving a Legacy, by Tracy Gary. Efficient covers everything from the basics of plan making, working with advisors, the right questions to ask non-profits, and much more. The inclusion of worksheets, resource lists, and descriptions of planning tools is beneficial.

The Promise of a Pencil, by Adam Braun, tells the story of how one man’s actions impacted thousands of lives globally. After encountering a begging child and starting with only $25, Braun built an organization that has helped build over 250 schools worldwide. Inspirational and uplifting, if ever there was an argument for the power of giving, this is it.

In The Soul of Money: Reclaiming the Wealth of Our Inner Resources, Lynne Twist offers positive proof that changing our attitudes towards earning and spending money can make our lives more meaningful and fulfilling. Challenging everyday assumptions about society’s views of money, the author illustrates her journey from conspicuous consumer to non-profit activist in an honest, no-punches-pulled way.

Sharna Goldseker and Michael Moody bring a fresh perspective in Generation Impact: How Next Gen Donors Are Revolutionizing Giving. Moving between first-hand accounts and analysis of a new class of doner’s work, the book shows the impact of young rising stars of philanthropy in disrupting traditional giving models and creating entirely fresh approaches to the field.

Another disruptive approach to giving is Impact Investing: Transforming How We Make Money While Making a Difference by Antony Bugg-Levine and Jed Emerson. The new field of impact investing is thoroughly explained, showing how it’s possible to “blend” investment success with positive change.

This year, perhaps more than in most, it’s essential to consider how a charitable contribution can positively impact peoples’ lives. The wisdom and practical advice that abound in the five volumes discussed will hopefully inspire and energize in equal measure.

Philanthropy Trends to Expect in 2020

By Jimmy Lustig

On December 23, 2019

In Blog, James Lustig, Jimmy Lustig

Philanthropy is a never-ending endeavor that is designed to promote community well-being and solve problems within a society. Many nonprofit organizations and businesses use philanthropy to change lives and to improve social conditions. The process of philanthropy is always evolving. Every year new trends emerge that help to make the act of philanthropy a more practical and effective activity. The following trends for philanthropy in 2020 will be presented here.

Donors Will Have a More Personal Impact with Giving

Forbes stated that donors want to know that their contributions are making a difference. The amount of money that a donor gives to a cause doesn’t make a difference. Large corporations that give millions want their voice to be heard and so does the average person who only gives a few dollars. They want to tell their story or have input into the best way to change a negative social situation. Nonprofits will have to provide their donors with a platform that will allow them to be heard by everyone.

Nonprofits are Going to Team Up with Third Party Organizations to Reach Donors

Another philanthropy trend that will be present in 2020 has to do with third party donations. According to Nonprofit Tech for Good, third party businesses will be utilized for reaching more donors. Third party businesses used for this purpose will include streaming services, video sites, various mobile applications and through various service orientated enterprises.

Nonprofit Platforms for Building Communities and Keeping Donors

Nonprofit organizations are constantly expanding on mobile platforms for building donor communities. Mobile devices, computers and various forms of electronics are being integrated into an interconnected scheme to keep donors aware a cause. Nonprofit platforms will utilize applications, websites, blogs, social media and mobile advertising to provide donors with information, donation opportunities and updates about issues.

Text Donations will Increase

Donors are going to be giving more money through text messages. This is important because text message giving is easy to perform, and people generally pay attention to what is being sent to their phones. This method of giving will increase throughout 2020 and beyond.

Artificial Intelligence

Artificial Intelligence will be used for more philanthropy efforts in 2020. This means that donors will be able to give more giving to their causes with less efforts. They can simply tell their smartphones to give a donation and an AI program will perform this task. Donors will continue to stay more involved with a cause.