And fun versus philanthropy.

Venture Philanthropy Partners in Washington,

But business is not philanthropy.

Second category is online philanthropy marketplaces.

Philanthropy is the market for love.

Instead, what I want to do is talk about the philanthropy of all of us the democratization of philanthropy.

Think of it as peer to peer philanthropy.

Philanthropy is reorganizing itself before our very eyes.

Why are they coming for, finally, for philanthropy?

Why the need for accumulating money, then doing philanthropy?

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

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

You started talking in recent years about this term capitalist philanthropy.

What if one decided to start philanthropy from the day one?

And understand how they help us re perceive what organized philanthropy is.

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

But remember, philanthropy is about giving of time and talent, not just money.

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

The philanthropy sink as the only way to create reserves is not sustainable.

My own work focuses on making philanthropy more effective and capitalism more inclusive.

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

And so, on a micro level, there's a real role for this combination of investment and philanthropy.

With the significance being these funds have come in as a QT capital, not as grant or as philanthropy.

So let's move away from thinking about business here and philanthropy there, and let's start thinking about doing good business.

It's the old concept, the real Greek concept, of philanthropy in its original sense phil anthropy, the love of humankind.

The thing to watch for as a global philanthropy industry comes about and that's exactly what is happening is how the aspiration is to flip these old assumptions, for philanthropy to become open and big and fast and connected, in service of the long term.

I want to help you re perceive what philanthropy is, what it could be, and what your relationship to it is.

What I'm going to do is look at five categories of experiments, each of which challenges an old assumption of philanthropy.

But by the end of the 20th century, a new generation of critics and reformers had come to see philanthropy just this way.

But it's so heartening to be in a group like this, in which so many of you have turned your lives to philanthropy.

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.

When philanthropy was reinvented a century ago, when the foundation form was actually invented, they didn't think of themselves on the wrong side of these either.

And as I do that, I'm not going to dwell much on the very large philanthropy that everybody already knows about the Gates or the Soros or the Google.

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 I'm hopeful because it's not only philanthropy that's reorganizing itself, it's also whole other portions of the social sector, and of business, that are busy challenging business as usual.

and, of course, it is more specific to kind of an American tradition of civic engagement and philanthropy but still, the Metropolitan Opera is an NGO, Oxfam is an NGO,

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.

Remember, I have been talking about, essentially philanthropy the love of humankind, the individual humankind and the individual humankind that can bring that kind of love translated into action, translated, in some cases, into enlightened self interest.