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Katz Comments on Zuckerberg-Chan Philanthropic Pledge

Leaders at grant-seeking charities say they are excited to see what Facebook co-founder Mark Zuckerberg and his spouse have in mind for the $45 billion they pledged to doing good in the world — and wary of the broader impact it may have on philanthropy.

Irv Katz, interim chief executive of the National Human Services Assembly, a major charities association, said that there is no debate that private business creates products and enterprises that deal with critical needs. Some — like getting technology into the hands of underprivileged children — are possible only with the kind of capital found in the for-profit sector.

"Nonprofit organizations could do change-the-world innovations if they had access to capital as well," Mr. Katz said in an email. "Not to mention the fact that many nonprofit organizations already include business enterprises as a part of their business plans."

Nonprofits should be viewed not just as grant recipients but as enterprises with which to team up and invest, just as one would with someone with a business solution to a social need, Mr. Katz said.

"Many nonprofits offer two significant advantages: They have great depth of experience with the populations to be engaged and served; and nonprofits have accountability to the public," he said.

 

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Excerpt from an article written by Megan O'Neil that appeared in The Chronicle of Philanthropy on December 4, 2015 titled "$45 Billion Zuckerberg-Chan Pledge Has Charities Excited — and Wary" in which the National Human Services Assembly's Interim President and CEO, Irv Katz, was quoted. Read full article >>

12/04/2015