20211205 : dual purpose organization

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I was just thinking last night/ early morning today..

What if someone ran an organisation. Which looked like this:

A professional services organization - which is run well - to international standards.

Does generate earnings - but maximising profits is not the goal. Is not a listed business so has no typical investors, so no market pressures for quarterly profits etc.

Then a 2nd part of the organisation - almost a co-ceo, whose only objective is to give away wealth. Initially start with giving away earnings generated by the other hand but approaches wealthy to offer to run their philanthropic interests.

I am guessing one of the worries of very rich folks to give away wealth is - how to ensure the wealth actually reaches the needed place with well run place.

The business side - since it doesn't have typical pressures, can give time to their employees to be part of or even run some of these initiatives - I am sure tons of folks would join such a place where they are rewarded with an opportunity to do greater good - for doing good work. Certainly good for attracting and retaining talent. 

The professional services discipline and experience of many will certainly be handy for the philanthropic side of the org.

Of course, they will need many more folks full time doing this also...

The philanthropic focused side can almost have like a "objectives/ requirements gathering" for the wealthy individuals to know which areas they want to make an impact and draw out corresponding initiatives/ projects and run steering committees , balanced scorecards, etc.

The business side can have verticals/ divisions focussed on
Education, health, sustainable energy etc - where they not only offer services to such clients but are building up expertise and experience in these area - which can be very helpful for the other arm. They could run many of the philanthropic initiatives for their clients. 

I know, I know, it is just a early morning dream..

But if it were possible - wouldn't it help solve a lot of global issues??? 


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