He was at the Bacara not to discuss traditional philanthropy - TopicsExpress

He was at the Bacara not to discuss traditional philanthropy (billionaires know how to write cheques), but to outline something much more challenging: impact investing – channelling funds into projects that yield a tangible social benefit as well as financial returns. It is also why he was in Ottawa on Friday, when he was made an Officer of the Order of Canada for his commitment to social causes and innovative practice of philanthropy. Mr. Skoll is the only Canadian among the 81 billionaires to sign The Giving Pledge in the two years since Bill Gates and Mr. Buffett called on the superrich to stop hoarding their wealth. He has already parted with half of his net worth, and expects 95 per cent to be gone when he is done. Theres really only so much that you need, or your family needs, he says during an wide-ranging, hour-long conversation this week. All else is to be turned, hopefully smartly, into a benefit for the world.

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