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What Makes People Generous: Charity, Empathy, And Storytelling

Tom WatsonContributor

ENTREPRENEURS 6/30/2014 @ 3:33PM 618 views

What Makes People Generous: Charity, Empathy, And Storytelling

Two weeks ago, the annual Giving USA report showed that American philanthropycontinues to climb out of the trough of the Great Recession, one of the real lagging indicators of the economy. And while U.S. philanthropy has been roughly static at two percent of GDP for a couple of generations now, overall capacity of donors remains high, even through downturns.

The challenge for causes, fundraisers, nonprofit executives, social entrepreneurs and concerned board members everywhere remains “how?” – how best to tap that steady vein of generosity in this society which, even if fairly flat, remains constant and deep.

A couple of reports that crossed my desk over the past few weeks provide some new insight, and should be of interesting to folks in the philanthropic sector.

One  is called I’m Moral, But I Won’t Help You: The Distinct Roles of Empathy and Justice in Donations, and it focuses on the results of an academic study of 600 people run through four different charitable scenarios. In one, for example, participants were asked to choose “between donating to medical patients described alternately as having a low level of responsibility for their situations and those having a high level of responsibility.” Recipients of donations in the group were described either as unable to pay for medical treatment because of “low-wage jobs with poor benefits due to economic conditions” or unable to pay for treatment because of inability “to hold a steady job due to their drug and alcohol abuse or gambling addiction” – in shorter terms, not their fault and their fault.

Read more at

http://www.forbes.com/sites/tomwatson/2014/06/30/what-makes-people-generous-charity-empathy-and-story-telling/print/

 

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About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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