2008 09 participatory philanthropy

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Participatory Philanthropy How the wisdom of the crowds can improve and democratize the giving of

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A presentation on participatory philanthropy for the Mission Future conference in Linz Austria, September 2008.

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Page 1: 2008 09 Participatory Philanthropy

Participatory PhilanthropyHow the wisdom of the crowds can improve and democratize the giving of

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Isaac Newton 1643 - 1727

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John Harrison 1693 - 1776

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Philanthropy ThenAndrew Carnegie financed the public library system in the US and Britain.

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PHILANTHROPY NOWJOHN D. ROCKEFELLER > THE ROCKEFELLER FOUNDATION

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Who should decide how philanthropic money is given away?

We should.

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1920’s - Columbia sociologist Hazel Knight asks classroom to guess temperature. Their collective answer was only .4 degrees off.

Finance professor Jack Treynor asks his 56 students to guess how many jelly beans are in a jar. Their group estimate, 871, was only 21 off and closer than all but one individual guess.

The Wisdom of Crowds

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Changemakers.netOpen sourcing social solutions

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Involvement &Expertise

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The Crowd & The Experts

- The Judges

- Commenter

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Idea BlobUsers Choose What is Funded

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Organic Food Vending Machines$10,000 to help start new business

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Votes, Comments, and Advice

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Knight News Challenge$5 Million every year for innovative journalism

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Who will give away his money?