What are we, running a charity?

And let me tell you something else. I'm not doing this for charity, right?

Yeah, friends. Mercy jump. Stay away from my kid.

This is, of course, to philanthropy what eBay and Amazon are to commerce.

Ollie, I was gonna give you a mercy jump.

Good will, community service.

Get out your pocketbooks, and remember it's all for charity.

CA

A charity for a school would be good.

The real social innovation I want to talk about involves charity.

Incredible. Dead excited now, to have a top band with us, talking about their work, for the charity Zombaid.

And my hat's off to you in Kibera.

Donations to philanthropic programs are tax exempt.

Do you know how many people we would've gotten if we put up fliers in the laundromat?

I'm not going to even begin to try.

But the ones that do are going to be the biggest, the most open, the fastest, the most connected form of philanthropy in human history.

Given my TED profile, you might be expecting that I'm going to speak to you about the latest philanthropic trends the one that's currently got Wall Street and the World Bank buzzing how to invest in women, how to empower them, how to save them.

And this challenges yet another assumption, which is that organized philanthropy is only for the very wealthy.

Why the need for accumulating money, then doing philanthropy?

Faith, truth, charity, and good deeds all became characters on the stage.

Why are they coming for, finally, for philanthropy?

But I'm really hopeful.

The generous dentist contributed some two billion yen to charity.

A lot of people making a lot of money, billion, billions of dollars accumulating.

And we love this, because I love construction now, because we're watching these things actually happen.

And third, and very important, we need to develop new business models.

Words like philanthrocapitalism, and natural capitalism, and philanthroentrepreneur, and venture philanthropy.

And this, of course, tackles the biggest assumption of all, that business is business, and philanthropy is the vehicle of people who want to create change in the world.

And that's where the nonprofit sector and philanthropy come in.

These funds are to philanthropy what venture capital, private equity, and eventually mutual funds are to investing, but with a twist because often a community forms around these funds, as it has at Acumen and other places.

And the second is very counterintuitive you can get the best people in the world.

I'm here to talk to you about charitable giving. Okay?

To help one's neighbours is a good deed.

That leaves the final category, social investing, which is really, anyway, the biggest of them all, represented here by Xigi.net.

We're an unofficial charity of theirs, Mr. Gittes.

So marine conservation and coastal protection has become a sink for government or philanthropic money, and this is not sustainable.

When they got to a certain stage,

Skyler, it's charity.

(Applause)

Benefit?

What's it for?

But let's sort of start at the beginning.

But if you want to look for effective charities, this is a good website to go to.

Charity now. We're here to pick up the furniture.

Yet this obvious truth is ignored by governments and also by philanthropy.