Month: July 2011

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The Great Contradiction

At the heart of philanthropy is a great contradiction, one that our generation is struggling to resolve. Many philanthropists accumulated their wealth through disruptive innovations, ruthless business practice, or, as Balzac said, “great wealth with no obvious source is some forgotten crime, forgotten because it was done neatly.” Many of the great industrialists whose names…

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A Modest Story About Moving Cash

Howdy! Farhad Ebrahimi from the Chorus Foundation here. I’d like to tell you a little story, if you’ve got a moment. It’s the story of how we moved our cash holdings from a large financial services company (Fidelity Investments) to a local socially progressive bank (Wainwright Bank & Trust Company, now a part of Eastern…