1 R Special Advertising Section | Sunday, April 24, 2022 51 GIVING GUIDE By Bruce DeBoskey Tribune News Services The challenges facing contemporary society are enormous. Think about helping to solve hunger, homelessness, climate change, disease (including pandemics), gun violence, income inequality, discrimination, threats to democracy, education, environmental degradation and so much more. Traditional philanthropic investments have been working for decades to make a dent in solving these problems. In some cases, much progress has been made. In many other, though, it seems like we’re stuck right where we started … or worse. If you are fortunate enough to have money that is dedicated to philanthropy — whether it sits in a foundation, a donor-advised fund, a trust or a checkbook — it’s already literally or figuratively off your balance sheet. In fact, if it’s been donated to a foundation or donoradvised fund, it’s gone, and nothing’s going to bring it back. It can’t be spent on a vacation, second home, education, new car or anything but philanthropy. That’s one of the main reasons why philanthropic capital should be viewed as the ultimate “risk capital.” Government investments in societal progress are, ultimately, accountable to the electorate. Business It’s time for some ‘moonshot’ philanthropy GETTY IMAGES See Moonshot, page 53 GiveBig all month long! May is Older Americans Month! Join Sound Generations in celebrating aging. Help us support the growing population of aging adults in King County! Visit bit.ly/SGOAM22 to learn more!
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