The Charitable Giving Market is Efficient After All
“The charitable giving market is highly inefficient.” In the five years I’ve been writing about philanthropy I’ve used that phrase, or at least that sentiment, more times than I could possibly count. That’s not a blinding insight on my part by any means—it long predates me and is a view shared by many who are working to improve the sector.
The premise is that in well-functioning markets, capital moves to where it gets the best return. People or organizations who don’t generate a high enough return find it increasingly hard to raise funds... (continue reading this post)
