THE WAY WE THINK ABOUT CHARITY IS DEAD WRONG | DAN PALLOTTA

Perhaps one of the very best talks I have heard to date. A paradigm shifting presentation that every leader of every NGO, and more importantly – every philanthropist must watch and internalize. Personally, I challenge the very phrase “non-profit” because I believe that no organization or endeavor is truly not-for-profit but that rather the difference between a commercial entity and a socially driven entity is in how they define profit. For commercial entities, profit is primarily defined in monetary terms, whereas socially and ideologically motivated organizations (and initiatives) should define their profit in terms of “the measurable scope of positive change” they are able to ensure relative to the resources expended (the risk) towards these accomplishments.