Philanthropy: The market fills the gaps

Posted on March 19, 2009

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Jane Siebels, manager at Green Cay Asset Management noticed that even large international organizations like the Clinton Global Initiative were working in isolation.  The solution?  Develop an interactive platform for philanthropic organizations to communicate and network.

From the article:

But the inefficiencies created by the fact that each of those organizations works in isolation troubled Siebels, who tapped several experienced Web site developers and donors to help establish iGivingWorld, which is still in the early stages of development.

This was just a single person that saw a gap in philanthropy’s ability to maximize its efficiency – not a government-sponsored program or legislation.  The free market works even when it comes to charity work…

IGivingWorld.com is still in beta, but you can check out it’s launch in April 2009.

Here’s a link to the original article – “Small World” by Frances Denmark on Alpha.

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