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Goldman Sachs Pledge Not Enough? Plus More: Thursday’s Roundup

November 19, 2009, 12:06 pm

  • Goldman Sachs Group’s $500-million philanthropic pledge will do little to quell public anger about the billions of dollars its employees are paid and its role in last year’s financial crisis, says Mark Gilbert, a columnist for Bloomberg News. Read The Chronicle’s article about the Goldman Sachs commitment.
  • There are too many international aid groups, which leads to confusion among donors and creates an inflated demand for aid workers that then forces charities to spend more on salaries than they should, says Olesya Dmitracova, a writer for Reuters AlertNet, as part of an article about how to improve of foreign aid.
  • Garrison Keillor ought to add “where all the charitable donors are extraordinarily generous” to his description of that fictional Minnesota town of Lake Wobegon, writes Beth Kanter, an author and social-media expert, on her blog. Donors in the state gave $14-million for a one-day campaign through the Web site GiveMN, which was recently created to connect Minnesotans with local charities, she says.
  • Perhaps more trust between donors and grantees is key to building a functioning philanthropic marketplace in which resources flow to those who could best use them, writes Sean Stannard-Stockton, an advisor to donors and a Chronicle contributor.
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