The concept of philanthropy is not new to the world. It has existed for more than millions of years. The concept of giving is as older as the human race is. From then to now, the criterion has changed but the idea remained the same that is, giving back. Aman Mehndiratta is one of those philanthropists who gave some heights to the concept of new age altruism.
As we all to the fact that anything in the world is not one faced. To an extent, everything comes with its pro and cons so as philanthropy. Although philanthropy is the need of society and it has the potential to cure all the pains of society but, we look deep into it we find the dark side too. If it concerns helping unprivileged, then philanthropic failures do exist too. But anyway, there is not any problem on this earth that cannot be fixed. Yes, it takes courage and effort but it is not incurable.
Being a great philanthropist, Aman Mehndiratta has researched each phase of the idea. If he knows how to cherish the success of it then he knows how to cure the failures caused by it.
Failures of Philanthropy and its solutions
To identify seed and scale disruptive interventions to the complex problems, philanthropists like Aman, are being encouraged to assume a different but more strategic role. They need to do this to leverage their convening powers and brands. This is to bring uncommon allies around the same table to devise long lasting and effective partnerships for execution.
These prolific changes have captured the interest and imagination of stakeholders all over the world. But, much work remains to be done to make philanthropy live up to its promise.
One of the most important actions philanthropists can take to speed up the impact of sustainable business is to alter where they invest their endowments. Also how they derive the income from this nonprofit giving. The income is to put to the service of creating public good and positive externalities, being so generous with it.
Actually, the economic system over the globe is based on a series of dysfunctional and dangerous assumptions. This often fails to account the true cost of economic activity. This means negative outputs and externalities of business are socialized onto the public sphere.
This approach has contributed to the large-scale problems which come to us in a replicating manner. The problems which philanthropists are aiming to solve are regular. These include climate change, urban squalor, deforestation, water shortages, air pollution, waste, and etcetera.
The Hypocrisy
It would not be bogus to add the adverb ‘surprisingly’ to the following sentence. Philanthropists and related foundations invest most of their endowments and derive most of their economic means from the same debilitated economic model. It seems counter-instinctive that the same foundations use to fight to deliver sustainable and irreversible positive change to the society. They invest their sizeable financial endowments into activities that generate returns. These returns are generated ina way that works as a hinderer for the realization of their philanthropic efforts. This does not reflect the values they embrace.
Aman ensures this activity is forbidden from his philanthropic services. In this way, he tries to cure the future damage that can happen by this noble deed.
