The way we think about charity is dead wrong | Dan Pallotta

1,090,471 views ใƒป 2013-03-11

TED


ืื ื ืœื—ืฅ ืคืขืžื™ื™ื ืขืœ ื”ื›ืชื•ื‘ื™ื•ืช ื‘ืื ื’ืœื™ืช ืœืžื˜ื” ื›ื“ื™ ืœื”ืคืขื™ืœ ืืช ื”ืกืจื˜ื•ืŸ.

00:00
Translator: Joseph Geni Reviewer: Morton Bast
0
0
7000
ืžืชืจื’ื: Shlomo Adam ืžื‘ืงืจ: Sigal Tifferet
00:16
I want to talk about social innovation
1
16249
3606
ืื ื™ ืจื•ืฆื” ืœื“ื‘ืจ ืขืœ ื—ื“ืฉื ื•ืช ื—ื‘ืจืชื™ืช
00:19
and social entrepreneurship.
2
19879
1927
ื•ืขืœ ื™ื–ืžื•ืช ื—ื‘ืจืชื™ืช.
ื‘ืžืงืจื”, ืื ื™ ืื‘ ืœืฉืœื™ืฉื™ื”.
00:23
I happen to have triplets.
3
23314
2112
00:26
They're little. They're five years old.
4
26033
1966
ื”ื ืงื˜ื ื™ื. ื”ื ื‘ื ื™ ื—ืžืฉ.
00:28
Sometimes I tell people I have triplets. They say, "Really? How many?"
5
28341
3325
ืœืขืชื™ื ืื ื™ ืžืกืคืจ ืœืื ืฉื™ื ืฉื™ืฉ ืœื™ ืฉืœื™ืฉื™ื”.
ื”ื ืื•ืžืจื™ื, "ื‘ืืžืช? ื›ืžื”?"
00:31
(Laughter)
6
31690
1365
ื”ื ื” ืชืžื•ื ื” ืฉืœ ื”ื™ืœื“ื™ื.
00:33
Here's a picture of the kids -- that's Sage, and Annalisa and Rider.
7
33079
4101
ืืœื• ืกื™ื™ื’', ืื ื”-ืœื™ืกื” ื•ืจื™ื™ื“ืจ.
00:38
Now, I also happen to be gay.
8
38656
3102
ื•ื‘ืžืงืจื” ืื ื™ ื’ื ื’ื™ื™.
00:43
Being gay and fathering triplets is by far
9
43750
2068
ืœื”ื™ื•ืช ื’ื ื’ื™ื™ ื•ื’ื ืื‘ ืœืฉืœื™ืฉื™ื” ื”ื ื‘ื”ื—ืœื˜ ื”ื“ื‘ืจ
00:45
the most socially innovative, socially entrepreneurial thing
10
45842
2842
ื”ื›ื™ ื—ื“ืฉื ื™ ืžื‘ื—ื™ื ื” ื—ื‘ืจืชื™ืช, ื”ื“ื‘ืจ ื”ื›ื™ ื™ื–ืžื™ ืžื‘ื—ื™ื ื” ื—ื‘ืจืชื™ืช
00:48
I have ever done.
11
48708
1548
ืฉืื™-ืคืขื ืขืฉื™ืชื™.
00:50
(Laughter)
12
50280
1055
[ืฆื—ื•ืง] [ืžื—ื™ืื•ืช ื›ืคื™ื™ื]
00:51
(Applause)
13
51359
3648
00:55
The real social innovation I want to talk about involves charity.
14
55031
4381
ื”ื—ื“ืฉื ื•ืช ื”ื—ื‘ืจืชื™ืช ื”ืืžื™ืชื™ืช ืขืœื™ื” ืื ื™ ืจื•ืฆื” ืœื“ื‘ืจ
ืงืฉื•ืจื” ื‘ืฆื“ืงื”.
00:59
I want to talk about how the things we've been taught to think
15
59436
3370
ื‘ืจืฆื•ื ื™ ืœื“ื‘ืจ ืขืœ ืื™ืš ื”ื“ื‘ืจื™ื ืฉืœื™ืžื“ื• ืื•ืชื ื• ืœื—ืฉื•ื‘
01:02
about giving and about charity
16
62830
2234
ื‘ื›ืœ ื”ื ื•ื’ืข ืœืชืจื•ืžื” ื•ืœืฆื“ืงื”
ื•ื‘ื ื•ื’ืข ืœืžื’ื–ืจ ื”ืคืขื™ืœื•ืช ื”ืžืœื›"ืจื™ืช (ืžื•ืกื“ื•ืช ืœืœื ื›ื•ื•ื ืช ืจื•ื•ื—)
01:05
and about the nonprofit sector,
17
65088
1881
01:06
are actually undermining the causes we love,
18
66993
3945
ืœืžืขืฉื” ื—ื•ืชืจื™ื ืชื—ืช ื”ืžื˜ืจื•ืช ื”ื—ืฉื•ื‘ื•ืช ืœื ื•
01:10
and our profound yearning to change the world.
19
70962
2780
ื•ืฉืื™ืคืชื ื• ื”ืขืžื•ืงื” ืœืฉื ื•ืช ืืช ื”ืขื•ืœื.
01:14
But before I do that, I want to ask if we even believe
20
74647
2681
ืืš ืœืคื ื™ ื›ืŸ, ื‘ืจืฆื•ื ื™ ืœืฉืื•ืœ ืื ืื ื• ื‘ื›ืœืœ ืžืืžื™ื ื™ื
ืฉื”ืžื’ื–ืจ ื”ืžืœื›"ืจื™ ืžืžืœื ื‘ื›ืœืœ ืชืคืงื™ื“ ืจืฆื™ื ื™
01:17
that the nonprofit sector has any serious role to play
21
77352
2954
01:20
in changing the world.
22
80330
1192
ื‘ืฉื™ื ื•ื™ ื”ืขื•ืœื.
01:22
A lot of people say now that business will lift up the developing economies,
23
82514
3642
ื”ืžื•ืŸ ืื ืฉื™ื ืื•ืžืจื™ื ื”ื™ื•ื ืฉื”ืขืกืงื™ื ื™ืชืจืžื• ืœื›ืœื›ืœื•ืช ื”ืžืชืคืชื—ื•ืช,
ื•ืฉื”ืขืกืงื™ื ื”ื—ื‘ืจืชื™ื™ื ื™ื“ืื’ื• ืœื›ืœ ื”ืฉืืจ.
01:26
and social business will take care of the rest.
24
86180
2325
ื•ืื ื™ ื‘ืืžืช ืžืืžื™ืŸ ืฉื”ืขืกืงื™ื ื™ื“ื—ืคื• ืงื“ื™ืžื”
01:29
And I do believe that business will move the great mass of humanity forward.
25
89426
4321
ืืช ื”ืื ื•ืฉื•ืช ื›ื•ืœื”.
ืื‘ืœ ื–ื” ืชืžื™ื“ ืžืฉืื™ืจ ืžืื—ื•ืจ ืืช ืื•ืชื 10% ืื• ื™ื•ืชืจ
01:35
But it always leaves behind that 10 percent or more
26
95017
3896
01:38
that is most disadvantaged or unlucky.
27
98937
2761
ืฉื”ื ื”ื›ื™ ืžืงื•ืคื—ื™ื ืื• ื—ืกืจื™ ืžื–ืœ.
01:43
And social business needs markets,
28
103130
1620
ื”ืขืกืงื™ื ื”ื—ื‘ืจืชื™ื™ื ื’ื ื–ืงื•ืงื™ื ืœืฉื•ื•ืงื™ื,
01:44
and there are some issues for which you just can't develop
29
104774
2762
ื•ื™ืฉ ื ื•ืฉืื™ื ืžืกื•ื™ืžื™ื ืฉืขื‘ื•ืจื ืคืฉื•ื˜ ืื™-ืืคืฉืจ ืœืคืชื—
01:47
the kind of money measures that you need for a market.
30
107560
2810
ืืช ื”ืžื“ื“ื™ื ื”ืคื™ื ื ืกื™ื™ื ื”ื ื—ื•ืฆื™ื ืœืฉื•ืง.
01:50
I sit on the board of a center for the developmentally disabled,
31
110394
3554
ืื ื™ ื—ื‘ืจ ื‘ื”ื ื”ืœืช ืžืจื›ื– ืœื‘ืขืœื™ ืขื™ื›ื•ื‘ ื”ืชืคืชื—ื•ืชื™,
01:53
and these people want laughter
32
113972
2310
ื•ื”ืื ืฉื™ื ื”ืืœื” ืจื•ืฆื™ื ืฆื—ื•ืง
ื•ื—ืžืœื”, ื•ื”ื ืจื•ืฆื™ื ืื”ื‘ื”.
01:56
and compassion and they want love.
33
116306
2139
02:00
How do you monetize that?
34
120718
1481
ืื™ืš ืžืชืจื’ืžื™ื ืืช ื–ื” ืœื›ืกืฃ?
02:03
And that's where the nonprofit sector and philanthropy come in.
35
123909
3754
ื›ืืŸ ื ื›ื ืกื™ื ื”ืžื’ื–ืจ ื”ืžืœื›"ืจื™
ื•ื”ืคื™ืœื ืชืจื•ืคื™ื”.
02:08
Philanthropy is the market for love.
36
128266
3234
ื”ืคื™ืœื ืชืจื•ืคื™ื” ื”ื™ื ื”ืฉื•ืง ืฉืœ ื”ืื”ื‘ื”.
02:11
It is the market for all those people
37
131855
2397
ื”ื™ื ื”ื™ื ื” ื”ืฉื•ืง ืฉืœ ื›ืœ ืื•ืชื ืื ืฉื™ื
02:14
for whom there is no other market coming.
38
134276
2399
ืฉืขื‘ื•ืจื ืื™ืŸ ืฉื•ื ืฉื•ืง ืื—ืจ.
02:17
And so if we really want, like Buckminster Fuller said,
39
137116
2707
ืื– ืื ืื ื• ื‘ืืžืช ืจื•ืฆื™ื, ื›ื“ื‘ืจื™ ื‘ืงืžื™ื ืกื˜ืจ ืคื•ืœืจ,
02:19
a world that works for everyone,
40
139847
2365
ืขื•ืœื ืฉืžืชืื™ื ืœื›ื•ืœื,
02:22
with no one and nothing left out,
41
142236
2480
ื‘ืœื™ ืฉื•ื ื™ื•ืฆืื™ื ืžื”ื›ืœืœ,
02:24
then the nonprofit sector has to be
42
144740
2138
ื›ื™ ืื– ื”ืžื’ื–ืจ ื”ืžืœื›"ืจื™ ื—ื™ื™ื‘ ืœื”ื•ื•ืช
02:26
a serious part of the conversation.
43
146902
2108
ื—ืœืง ื—ืฉื•ื‘ ืžืŸ ื”ืฉื™ื—.
ืื‘ืœ ืœื ื ืจืื” ืฉื–ื” ืžืฆืœื™ื—.
02:30
But it doesn't seem to be working.
44
150010
1748
02:32
Why have our breast cancer charities not come close
45
152433
2405
ืžื“ื•ืข ืžื•ืกื“ื•ืช ื”ืฆื“ืงื” ืฉืœื ื• ืœื—ืงืจ ืกืจื˜ืŸ ื”ืฉื“
ืœื ื”ืชืงืจื‘ื• ืืคื™ืœื• ืœืžืฆื™ืืช ืชืจื•ืคื” ืœืกืจื˜ืŸ ื”ืฉื“,
02:34
to finding a cure for breast cancer,
46
154862
1722
02:36
or our homeless charities not come close
47
156608
1952
ืื• ืžื“ื•ืข ืžืคืขืœื™ ื”ืฆื“ืงื” ืฉืœื ื• ืœืžืขืŸ ื—ืกืจื™ ื”ื‘ื™ืช ืœื ื”ืชืงืจื‘ื•
02:38
to ending homelessness in any major city?
48
158584
2290
ืœื—ื™ืกื•ืœ ืชื•ืคืขืช ื—ืกืจื™ ื”ื‘ื™ืช ื‘ื›ืœ ืขื™ืจ ื’ื“ื•ืœื”?
02:41
Why has poverty remained stuck
49
161667
1978
ืžื“ื•ืข ื ื•ืชืจ ื”ืขื•ื ื™ ืชืงื•ืข ื‘-12 ืื—ื•ื–
02:43
at 12 percent of the U.S. population for 40 years?
50
163669
4051
ืžื›ืœืœ ืื•ื›ืœื•ืกื™ื™ืช ืืจื”"ื‘ ื‘ืžืฉืš 40 ืฉื ื”?
ื”ืชืฉื•ื‘ื” ื”ื™ื ืฉื‘ืขื™ื•ืช ื—ื‘ืจืชื™ื•ืช ืืœื”
02:49
And the answer is,
51
169275
1606
02:50
these social problems are massive in scale,
52
170905
3255
ื”ืŸ ืขืฆื•ืžื•ืช ืžื™ืžื“ื™ื,
02:54
our organizations are tiny up against them,
53
174184
2754
ืืจื’ื•ื ื™ื ื• ืงื˜ื ื˜ื ื™ื ื‘ื”ืฉื•ื•ืื” ืืœื™ื”ืŸ,
02:56
and we have a belief system that keeps them tiny.
54
176962
2832
ื•ื™ืฉ ืœื ื• ื’ื ืžืขืจื›ืช ืืžื•ื ื•ืช ืฉืžื ืฆื™ื—ื” ืืช ืงื˜ื ื•ืชื.
03:00
We have two rulebooks.
55
180707
1170
ื™ืฉ ืœื ื• ืฉื ื™ ืกืคืจื™ ื›ืœืœื™ื.
03:01
We have one for the nonprofit sector,
56
181901
1866
ืกืคืจ ืื—ื“ ืขื‘ื•ืจ ื”ืžื’ื–ืจ ื”ืžืœื›"ืจื™
03:03
and one for the rest of the economic world.
57
183791
2519
ื•ืกืคืจ ืฉื ื™ - ืขื‘ื•ืจ ืฉืืจ ื”ืขื•ืœื ื”ื›ืœื›ืœื™.
ื–ื”ื• ืืคืจื˜ื”ื™ื™ื“, ื•ื–ื• ืืคืœื™ื”
03:07
It's an apartheid, and it discriminates
58
187183
2067
03:09
against the nonprofit sector in five different areas,
59
189274
2926
ืฉืœ ื”ืžื’ื–ืจ ื”ืžืœื›"ืจื™ ื‘-5 ืชื—ื•ืžื™ื ืฉื•ื ื™ื,
03:12
the first being compensation.
60
192224
1759
ื”ืจืืฉื•ืŸ ื”ื•ื ื”ืคื™ืฆื•ื™ื™ื.
ื‘ืžื’ื–ืจ ื”ืจื•ื•ื—ื™, ื›ื›ืœ ืฉืžืคื™ืงื™ื ื™ื•ืชืจ ืขืจืš
03:15
So in the for-profit sector, the more value you produce,
61
195234
2644
03:17
the more money you can make.
62
197902
1538
ืืคืฉืจ ืœื”ืจื•ื•ื™ื— ื™ื•ืชืจ ื›ืกืฃ.
03:19
But we don't like nonprofits to use money
63
199464
2084
ืื‘ืœ ืื ื• ืœื ืจื•ืฆื™ื ืฉืžืœื›"ืจื™ื ื™ืฉืชืžืฉื• ื‘ื›ืกืฃ
03:21
to incentivize people to produce more in social service.
64
201572
3349
ื›ื“ื™ ืœืชืžืจืฅ ืื ืฉื™ื ืœื”ืคื™ืง ื™ื•ืชืจ ื‘ืชื—ื•ื ื”ืฉื™ืจื•ืช ื”ื—ื‘ืจืชื™.
03:25
We have a visceral reaction to the idea that anyone
65
205524
2487
ื™ืฉ ืœื ื• ื”ืชื ื’ื“ื•ืช ืคื ื™ืžื™ืช ืœืจืขื™ื•ืŸ ืฉืžื™ืฉื”ื•
03:28
would make very much money helping other people.
66
208035
2671
ื™ืจื•ื•ื™ื— ื”ืจื‘ื” ืžืื“ ื›ืกืฃ ืžืขื–ืจื” ืœืื—ืจื™ื.
03:31
Interestingly, we don't have a visceral reaction
67
211476
2245
ืžืขื ื™ื™ืŸ ืฉืื™ืŸ ืœื ื• ื”ืชื ื’ื“ื•ืช ืคื ื™ืžื™ืช
03:33
to the notion that people would make a lot of money
68
213745
2405
ืœืจืขื™ื•ืŸ ืฉืื ืฉื™ื ื™ืจื•ื•ื™ื—ื• ื”ืจื‘ื” ืžืื™-ืขื–ืจื” ืœืื—ืจื™ื.
03:36
not helping other people.
69
216174
1225
03:37
You know, you want to make 50 million dollars
70
217423
2101
ืื ืžื™ืฉื”ื• ืจื•ืฆื” ืœื”ืจื•ื•ื™ื— 50 ืžื™ืœื™ื•ืŸ ื“ื•ืœืจ
03:39
selling violent video games to kids, go for it.
71
219548
2222
ืžืžื›ื™ืจืช ืžืฉื—ืงื™ ืžื—ืฉื‘ ืืœื™ืžื™ื ืœื™ืœื“ื™ื, ืฉื™ื™ืœืš ืขืœ ื–ื”.
03:41
We'll put you on the cover of Wired magazine.
72
221794
2121
ื ืฆื™ื’ ืื•ืชื• ืขืœ ืฉืขืจ ื›ืชื‘ ื”ืขืช "ื•ื•ื™ื™ืจื“".
03:43
But you want to make half a million dollars
73
223939
2024
ืื‘ืœ ืžื™ ืฉืจื•ืฆื” ืœื”ืจื•ื•ื™ื— ื—ืฆื™ ืžื™ืœื™ื•ืŸ ื“ื•ืœืจ
03:45
trying to cure kids of malaria,
74
225987
1489
ื‘ื ืกื™ื•ืŸ ืœืจืคื ื™ืœื“ื™ื ืžืžืœืจื™ื”,
03:47
and you're considered a parasite yourself.
75
227500
3120
ื™ื™ื—ืฉื‘ ื‘ืขืฆืžื• ืœื˜ืคื™ืœ. [ืžื—ื™ืื•ืช ื›ืคื™ื™ื]
03:50
(Applause)
76
230644
4928
03:55
And we think of this as our system of ethics,
77
235596
2421
ื•ืื ื• ืจื•ืื™ื ื‘ื›ืš ืงื•ื“ ืžื•ืกืจื™,
03:58
but what we don't realize is that this system
78
238041
2143
ืืš ืžื” ืฉืื™ื ื ื• ืžื‘ื™ื ื™ื ื”ื•ื ืฉืœืงื•ื“ ื”ื–ื”
04:00
has a powerful side effect, which is:
79
240208
3158
ื™ืฉ ืชื•ืคืขืช ืœื•ื•ืื™ ืจื‘ืช-ืขื•ืฆืžื”, ื•ื”ื™ื,
04:03
It gives a really stark, mutually exclusive choice
80
243390
3754
ืฉื”ื•ื ืžืฆื™ื‘ ื‘ืจื™ืจื” ืงื™ืฆื•ื ื™ืช ื•ื—ื“ื” ืžืื“,
ื‘ื™ืŸ ืœื”ืฆืœื™ื— ืžืื“ ืœืžืขืŸ ืขืฆืžืš ื•ืžืฉืคื—ืชืš
04:07
between doing very well for yourself and your family
81
247168
3634
04:10
or doing good for the world,
82
250826
2394
ืœื‘ื™ืŸ ืขืฉื™ื™ืช ื˜ื•ื‘ ืœืขื•ืœื
ื‘ืคื ื™ ื”ืžื•ื—ื•ืช ื”ืžื‘ืจื™ืงื™ื ื‘ื™ื•ืชืจ ืฉื™ื•ืฆืื™ื ืžืžื™ื˜ื‘ ื”ืื•ื ื™ื‘ืจืกื™ื˜ืื•ืช ืฉืœื ื•,
04:13
to the brightest minds coming out of our best universities,
83
253244
2794
ืฉืฉื•ืœื—ื•ืช ืขืฉืจื•ืช ืืœืคื™ ืื ืฉื™ื,
04:16
and sends tens of thousands of people
84
256062
2110
ืฉื™ื›ืœื• ืœื—ื•ืœืœ ืฉื™ื ื•ื™ ืขืฆื•ื ื‘ืžื’ื–ืจ ื”ืžืœื›"ืจื™,
04:18
who could make a huge difference in the nonprofit sector,
85
258196
2698
04:20
marching every year directly into the for-profit sector
86
260918
2596
ืœืฆืขื•ื“ ื‘ืกืš ืžื™ื“ื™ ืฉื ื” ืืœ ืชื•ืš ื”ืžื’ื–ืจ ื”ืจื•ื•ื—ื™
04:23
because they're not willing to make that kind of lifelong economic sacrifice.
87
263538
3936
ื›ื™ ื”ื ืœื ืžื•ื›ื ื™ื ืœื”ืงืจื™ื‘ ืงื•ืจื‘ืŸ ื›ืœื›ืœื™ ืฉืœ ื—ื™ื™ื ืฉืœืžื™ื.
"ื‘ื™ื–ื ืกื•ื•ื™ืง" ืขืจื›ื• ืกืงืจ, ื•ื‘ื“ืงื• ืืช ื—ื‘ื™ืœื•ืช ื”ืคื™ืฆื•ื™
04:28
Businessweek did a survey, looked at the compensation packages
88
268664
2945
04:31
for MBAs 10 years out of business school.
89
271633
2325
ืฉืงื™ื‘ืœื• ื‘ื•ื’ืจื™ ืชื•ืืจ ืฉื ื™ ื‘ืžื™ื ื”ืœ ืขืกืงื™ื ืื—ืจื™ 10 ืฉื ื™ื,
04:34
And the median compensation for a Stanford MBA,
90
274676
2724
ื•ื”ืคื™ืฆื•ื™ ื”ื—ืฆื™ื•ื ื™ ืœื‘ื•ื’ืจ ืชื•ืืจ ืฉื ื™ ืž"ืกื˜ื ืคื•ืจื“",
04:37
with bonus, at the age of 38, was 400,000 dollars.
91
277424
4221
ื›ื•ืœืœ ื‘ื•ื ื•ืก, ื‘ื’ื™ืœ 38, ื”ื™ื” 400,000 ื“ื•ืœืจ.
04:42
Meanwhile, for the same year, the average salary
92
282232
2270
ืžื ื’ื“, ื‘ืื•ืชื” ืฉื ื”, ื”ืฉื›ืจ ื”ืžืžื•ืฆืข
04:44
for the CEO of a $5 million-plus medical charity in the U.S.
93
284526
2829
ืœืžื ื›"ืœ ืžื•ืกื“ ืฆื“ืงื” ืจืคื•ืื™ ื‘ื”ื™ืงืฃ 5 ืžื™ืœื™ื•ืŸ ื“ื•ืœืจ, ื‘ืืจื”"ื‘,
04:47
was 232,000 dollars, and for a hunger charity, 84,000 dollars.
94
287379
4995
ื”ื™ื” 232,000 ื“ื•ืœืจ, ื•ื‘ืžื•ืกื“ ืœื ืคื’ืขื™ ืจืขื‘ - 84,000 ื“ื•ืœืจ.
ืื™ืŸ ืฉื•ื ืกื™ื›ื•ื™ ืœื’ืจื•ื ืœื”ืจื‘ื” ืื ืฉื™ื
04:53
Now, there's no way you're going to get a lot of people
95
293025
2596
ืขื ื›ื™ืฉื•ืจื™ื ื‘ืฉื•ื•ื™ 400,000 ื“ื•ืœืจ ืœื”ืงืจื™ื‘ 316,000 ื“ื•ืœืจ
04:55
with $400,000 talent to make a $316,000 sacrifice every year
96
295645
4055
ื‘ื›ืœ ืฉื ื”, ื•ืœื ื”ืœ ืžื•ืกื“ ืฆื“ืงื” ืœื ืคื’ืขื™ ืจืขื‘.
04:59
to become the CEO of a hunger charity.
97
299724
2223
ื™ืฉ ืื•ืžืจื™ื, "ื–ื” ื‘ื’ืœืœ ืฉื‘ื•ื’ืจื™ ืžื™ื ื”ืœ ื”ืขืกืงื™ื ื”ืืœื” ื”ื ืจื•ื“ืคื™-ื‘ืฆืข."
05:03
Some people say, "Well, that's just because those MBA types are greedy."
98
303027
3525
05:06
Not necessarily. They might be smart.
99
306576
2171
ืœื ื‘ื”ื›ืจื—. ืื•ืœื™ ื”ื ืคื™ืงื—ื™ื.
ื–ื•ืœ ื™ื•ืชืจ ืขื‘ื•ืจื ืœืชืจื•ื
05:09
It's cheaper for that person to donate
100
309283
1995
05:11
100,000 dollars every year to the hunger charity;
101
311302
3810
100,000 ื“ื•ืœืจ ื‘ื›ืœ ืฉื ื” ืœืžื•ืกื“ ืœืžืขืŸ ื ืคื’ืขื™ ืจืขื‘,
ืœื—ืกื•ืš 50,000 ื“ื•ืœืจ ื‘ืžื™ืกื™ื,
05:15
save 50,000 dollars on their taxes --
102
315136
1914
05:17
so still be roughly 270,000 dollars a year ahead of the game --
103
317074
4425
ื•ืขื“ื™ื™ืŸ ืœื”ื™ืฉืืจ ืžื•ืจื•ื•ื—ื™ื ื‘ืขืจืš ื‘-270,000 ื“ื•ืœืจ ื‘ืฉื ื”,
05:21
now be called a philanthropist because they donated
104
321523
2595
ื•ื›ืขืช ืžื›ื ื™ื ืื•ืชื "ื ื“ื‘ื ื™ื", ื›ื™ ืชืจืžื•
05:24
100,000 dollars to charity;
105
324142
1834
100,000 ื“ื•ืœืจ ืœืฆื“ืงื”,
ืื•ืœื™ ื’ื ืœืฉื‘ืช ื‘ื”ื ื”ืœืช ืžื•ืกื“ ื”ืฆื“ืงื”,
05:26
probably sit on the board of the hunger charity;
106
326000
2258
ื•ื‘ืขืฆื ืืคื™ืœื• ืœืคืงื— ืขืœ ื”ื“ืคื•ืง ื”ื–ื”
05:28
indeed, probably supervise the poor SOB
107
328282
1896
05:30
who decided to become the CEO of the hunger charity;
108
330202
2746
ืฉื”ื—ืœื™ื˜ ืœื”ื™ื•ืช ืžื ื›"ืœ ื”ืžื•ืกื“ ืœื ืคื’ืขื™ ืจืขื‘,
05:32
(Laughter)
109
332972
1007
ื•ื‘ื ื•ืกืฃ, ื—ื™ื™ื ืฉืœืžื™ื ืฉืœ ื›ื•ื—, ื”ืฉืคืขื”
05:34
and have a lifetime of this kind of power and influence
110
334003
3351
05:37
and popular praise still ahead of them.
111
337378
2260
ื•ืชื”ื™ืœื” ืฆื™ื‘ื•ืจื™ืช ืขื•ื“ ืžืฆืคื™ื ืœื”ื.
ืชื—ื•ื ื”ืืคืœื™ื” ื”ืฉื ื™ ื”ื•ื ืคืจืกื•ื ื•ืฉื™ื•ื•ืง.
05:41
The second area of discrimination is advertising and marketing.
112
341106
3458
05:44
So we tell the for-profit sector, "Spend, spend, spend on advertising,
113
344588
3481
ืื ื• ืื•ืžืจื™ื ืœืžื’ื–ืจ ื”ืจื•ื•ื—ื™: "ื”ืฉืงื™ืขื• ืขื•ื“ ื•ืขื•ื“ ื•ืขื•ื“ ื‘ืคืจืกื•ื
05:48
until the last dollar no longer produces a penny of value."
114
348093
3322
ืขื“ ืฉื”ื“ื•ืœืจ ื”ืื—ืจื•ืŸ ื›ื‘ืจ ืœื ื™ื ื™ื‘ ืคืจื•ื˜ื” ืื—ืช ืฉืœ ืขืจืš."
05:51
But we don't like to see our donations spent on advertising in charity.
115
351955
3350
ืื‘ืœ ืœื ืžื•ืฆื ื—ืŸ ื‘ืขื™ื ื™ื ื• ื›ืฉื”ืชืจื•ืžื•ืช ืฉืœื ื• ืžื•ืฆืื•ืช ืขืœ ืคืจืกื•ื ื‘ืชื—ื•ื ื”ืฆื“ืงื”.
05:55
Our attitude is, "Well, look, if you can get the advertising donated,
116
355329
3975
ื’ื™ืฉืชื ื• ื”ื™ื, "ืชืจืื•, ืื ืชื•ื›ืœื• ืœื”ืฉื™ื’ ืชืจื•ืžื” ืฉืœ ืคืจืกื•ืžื•ืช
ื‘ืืจื‘ืข ื‘ื‘ื•ืงืจ, ื–ื” ื‘ืกื“ืจ ืžืฆื“ื™.
05:59
you know, to air at four o'clock in the morning, I'm okay with that.
117
359328
3245
ืื‘ืœ ืื ื™ ืœื ืจื•ืฆื” ืฉื”ืชืจื•ืžื•ืช ืฉืœื™ ื™ืชื‘ื–ื‘ื–ื• ืขืœ ืคืจืกื•ื.
06:02
But I don't want my donation spent on advertising,
118
362597
2364
06:04
I want it go to the needy."
119
364985
1567
ืื ื™ ืจื•ืฆื” ืฉื”ืŸ ืชื’ืขื ื” ืœื ื–ืงืงื™ื."
06:06
As if the money invested in advertising
120
366576
1858
ื›ืื™ืœื• ืฉื”ื›ืกืฃ ื”ืžื•ืฉืงืข ื‘ืคืจืกื•ื
06:08
could not bring in dramatically greater sums of money
121
368458
2630
ืœื ื™ื›ื•ืœ ืœื”ื’ื“ื™ืœ ื“ืจืžื˜ื™ืช ืืช ืกื›ื•ืžื™ ื”ื›ืกืฃ
06:11
to serve the needy.
122
371112
1152
ืฉื™ืขื–ืจื• ืœื ื–ืงืงื™ื.
ื‘ืฉื ื•ืช ื”-90, ื”ื—ื‘ืจื” ืฉืœื™ ื™ืฆืจื”
06:13
In the 1990s, my company created
123
373113
2091
06:15
the long-distance AIDSRide bicycle journeys,
124
375228
3375
ืืช ืžืกืขื•ืช ื”ืื•ืคื ื™ื™ื "ืื™ื™ื“ืก-ืจื™ื™ื“",
06:18
and the 60 mile-long breast cancer three-day walks,
125
378627
4549
ื•ืืช ืฆืขื“ืช 100 ื”ืง"ืž ื‘ืช 3 ื”ื™ืžื™ื ืœืžืขืŸ ื”ืžืœื—ืžื” ื‘ืกืจื˜ืŸ ื”ืฉื“,
ื•ื‘ืžืฉืš 9 ืฉื ื™ื,
06:23
and over the course of nine years,
126
383200
2960
06:26
we had 182,000 ordinary heroes participate,
127
386184
5039
ื”ื™ืชื” ืœื ื• ื”ืฉืชืชืคื•ืช ืฉืœ 182,000 ื’ื™ื‘ื•ืจื™ื ืืœืžื•ื ื™ื,
06:31
and they raised a total of 581 million dollars.
128
391247
3896
ื•ื”ื ืืกืคื• ืชืจื•ืžื•ืช ื‘ืกืš 581 ืžื™ืœื™ื•ืŸ ื“ื•ืœืจ.
06:35
(Applause)
129
395167
3140
ื”ื ืืกืคื• ื™ื•ืชืจ ื›ืกืฃ ื•ื™ื•ืชืจ ืžื”ืจ ืขื‘ื•ืจ ื”ืžื˜ืจื•ืช ื”ืืœื”
06:38
They raised more money more quickly for these causes
130
398331
2453
06:40
than any events in history,
131
400808
1666
ืžื›ืœ ืื™ืจื•ืข ืื—ืจ ื‘ื”ื™ืกื˜ื•ืจื™ื”,
06:42
all based on the idea that people are weary
132
402498
2794
ื”ื›ืœ ืขืœ ื™ืกื•ื“ ื”ืจืขื™ื•ืŸ ืฉืœืื ืฉื™ื ื ืžืืก
06:45
of being asked to do the least they can possibly do.
133
405316
2802
ืฉืžื‘ืงืฉื™ื ืžื”ื ืœืขืฉื•ืช ื”ื›ื™ ืžืขื˜ ืฉื”ื ื™ื›ื•ืœื™ื.
06:48
People are yearning to measure the full distance of their potential
134
408142
4566
ืื ืฉื™ื ืžืชื™ื ืœืžื“ื•ื“
ืืช ืžืœื•ื ื”ื˜ื•ื•ื— ืฉืœ ื”ืคื•ื˜ื ืฆื™ืืœ ืฉืœื”ื
06:52
on behalf of the causes that they care about deeply.
135
412732
2635
ืœืžืขืŸ ืžื˜ืจื•ืช ืฉื‘ื”ืŸ ื”ื ืžืืžื™ื ื™ื ืžืขื•ืžืง ืœื™ื‘ื.
ืื‘ืœ ืฆืจื™ืš ืœื‘ืงืฉ ืžื”ื.
06:56
But they have to be asked.
136
416073
1635
06:59
We got that many people to participate
137
419097
1833
ื”ืฆืœื—ื ื• ืœื”ื‘ื™ื ืœื”ืฉืชืชืคื•ืช ื’ื“ื•ืœื” ื›ื–ื•
07:00
by buying full-page ads in The New York Times,
138
420954
2211
ืข"ื™ ืจื›ื™ืฉืช ืคืจืกื•ืžื•ืช ื‘ื’ื•ื“ืœ ืขืžื•ื“ ืฉืœื ื‘"ื ื™ื•-ื™ื•ืจืง ื˜ื™ื™ืžืก",
ื‘"ื‘ื•ืกื˜ื•ืŸ ื’ืœื•ื‘", ื•ื‘ืขื–ืจืช ืคืจืกื•ืžื•ืช ื‘ืฉืขื•ืช ื”ืฉื™ื ื‘ืจื“ื™ื• ื•ื‘ื˜ืœื•ื•ื™ื–ื™ื”
07:03
in The Boston Globe, in prime time radio and TV advertising.
139
423189
3413
07:06
Do you know how many people we would've gotten
140
426626
2159
ืืชื ื™ื•ื“ืขื™ื ื›ืžื” ืื ืฉื™ื ื”ื™ื™ื ื• ืžืฉื™ื’ื™ื
07:08
if we put up fliers in the laundromat?
141
428809
1880
ืื™ืœื• ื”ื“ื‘ืงื ื• ืขืœื•ื ื™ื ื‘ืžื›ื‘ืกื•ืช ื”ืื•ื˜ื•ืžื˜ื™ื•ืช?
ื”ืชืจื•ืžื” ืœืฆื“ืงื” ื‘ืืจื”"ื‘ ื ืฉืืจื” ืชืงื•ืขื”
07:12
Charitable giving has remained stuck in the U.S., at two percent of GDP,
142
432274
4206
ื‘-2% ืžื”ืชื•ืฆืจ ื”ืœืื•ืžื™ ื”ื’ื•ืœืžื™ ืžืื– ืฉื”ืชื—ืœื ื• ืœืžื“ื•ื“ ืื•ืชื”, ื‘ืฉื ื•ืช ื”-70.
07:16
ever since we started measuring it in the 1970s.
143
436504
2759
07:19
That's an important fact, because it tells us
144
439287
2313
ื–ื• ืขื•ื‘ื“ื” ื—ืฉื•ื‘ื”, ื›ื™ ื”ื™ื ืื•ืžืจืช ืœื ื•
07:21
that in 40 years, the nonprofit sector
145
441624
2690
ืฉื‘ืžืฉืš 40 ืฉื ื”, ื”ืžื’ื–ืจ ื”ืžืœื›"ืจื™
07:24
has not been able to wrestle any market share
146
444338
3081
ืœื ื”ืฆืœื™ื— ืœื›ื‘ื•ืฉ ืฉื•ื ื ืชื— ืฉื•ืง
07:27
away from the for-profit sector.
147
447443
2035
ืžื™ื“ื™ ื”ืžื’ื–ืจ ื”ืจื•ื•ื—ื™.
07:30
And if you think about it, how could one sector
148
450200
2194
ื•ืื ืชื—ืฉื‘ื• ืขืœ ื–ื”, ืื™ืš ื™ื›ื•ืœ ืžื’ื–ืจ ืื—ื“
07:32
possibly take market share away from another sector
149
452418
3057
ืœืงื—ืช ื ืชื— ืฉื•ืง ืžืžื’ื–ืจ ืื—ืจ
07:35
if it isn't really allowed to market?
150
455499
2171
ืื ื‘ื›ืœืœ ืืกื•ืจ ืœื• ืœืขืกื•ืง ื‘ืฉื™ื•ื•ืง?
07:38
And if we tell the consumer brands,
151
458701
1714
ื•ืื ืื ื• ืื•ืžืจื™ื ืœืžื•ืชื’ื™ ื”ืฆืจื™ื›ื”,
07:40
"You may advertise all the benefits of your product,"
152
460439
2556
"ืœื›ื ืžื•ืชืจ ืœืคืจืกื ืืช ื›ืœ ื™ืชืจื•ื ื•ืช ืžื•ืฆืจื™ื›ื,"
07:43
but we tell charities, "You cannot advertise all the good that you do,"
153
463019
3381
ื•ืœืืจื’ื•ื ื™ ื”ืฆื“ืงื”: "ืœื›ื ืืกื•ืจ ืœืคืจืกื ืืช ื›ืœ ื”ื˜ื•ื‘ ืฉืืชื ืขื•ืฉื™ื,"
07:46
where do we think the consumer dollars are going to flow?
154
466424
2761
ืœืืŸ ื ืจืื” ืœื›ื ืฉื™ื™ืœื›ื• ื”ื“ื•ืœืจื™ื ืฉืœ ื”ืฆืจื›ื ื™ื?
ืชื—ื•ื ื”ืืคืœื™ื” ื”ืฉืœื™ืฉื™ ื”ื•ื ื ื˜ื™ืœืช ื”ืกื™ื›ื•ืŸ
07:50
The third area of discrimination is the taking of risk
155
470415
2834
07:53
in pursuit of new ideas for generating revenue.
156
473273
3207
ืฉื‘ืžื™ืžื•ืฉ ืจืขื™ื•ื ื•ืช ื—ื“ืฉื™ื ื›ื“ื™ ืœื”ืคื™ืง ืจื•ื•ื—ื™ื.
07:57
So Disney can make a new $200 million movie that flops,
157
477388
3647
ืื– "ื“ื™ืกื ื™" ื™ื›ื•ืœื” ืœื™ืฆื•ืจ ืกืจื˜ ื›ื•ืฉืœ ื‘-200 ืžื™ืœื™ื•ืŸ ื“ื•ืœืจ,
ื•ืืฃ ืื—ื“ ืœื ื™ืคื ื” ืœืชื•ื‘ืข ื”ื›ืœืœื™.
08:01
and nobody calls the attorney general.
158
481059
2088
08:03
But you do a little $1 million community fundraiser for the poor,
159
483996
3899
ืื‘ืœ ืื ืชืขืจื›ื• ืื™ืจื•ืข ืงื”ื™ืœืชื™ ืงื˜ืŸ ื›ื“ื™ ืœื’ื™ื™ืก ืžื™ืœื™ื•ืŸ ื“ื•ืœืจ ืขืœื•ื‘ื™ื
ืœืžืขืŸ ื”ืขื ื™ื™ื, ื•ืœื ืชื’ื™ืขื• ืœ-75% ืจื•ื•ื—
08:07
and it doesn't produce a 75 percent profit to the cause in the first 12 months,
160
487919
3893
ืœืžืขืŸ ื”ืžื˜ืจื” ืฉืœื›ื ื‘-12 ื”ื—ื•ื“ืฉื™ื ื”ืจืืฉื•ื ื™ื,
08:11
and your character is called into question.
161
491836
2138
ื™ืชื—ื™ืœื• ืœื”ื›ืคื™ืฉ ืืช ืฉืžื›ื.
08:14
So nonprofits are really reluctant to attempt any brave,
162
494656
3436
ืœื›ืŸ ื”ืžืœื›"ืจื™ื ื‘ืืžืช ื ืจืชืขื™ื ืžืžืคืขืœื™ื
ืืžื™ืฆื™ื, ื ื•ืขื–ื™ื, ืจื—ื‘ื™-ื”ื™ืงืฃ ืฉืœ ื’ื™ื•ืก ื›ืกืคื™ื
08:18
daring, giant-scale new fundraising endeavors,
163
498116
2927
08:21
for fear that if the thing fails,
164
501067
1601
ืžื—ืฉืฉ ืฉืื ื–ื” ื™ื™ื›ืฉืœ, ื”ืžื•ื ื™ื˜ื™ืŸ ืฉืœื”ื
08:22
their reputations will be dragged through the mud.
165
502692
2372
ื™ื™ืคื’ืขื• ืงืฉื•ืช.
ื•ืืชื ื•ืื ื™ ื™ื•ื“ืขื™ื ืฉื›ืืฉืจ ืืกื•ืจ ืœื”ื™ื›ืฉืœ,
08:25
Well, you and I know
166
505088
1159
08:26
when you prohibit failure, you kill innovation.
167
506271
2397
ื”ื—ื“ืฉื ื•ืช ืžืชื”.
ืื ื”ื•ืจื’ื™ื ืืช ื”ื—ื“ืฉื ื•ืช ื‘ืชื—ื•ื ื’ื™ื•ืก ื”ื›ืกืคื™ื, ืื™-ืืคืฉืจ ืœื™ื™ืฆืจ ื”ื›ื ืกื•ืช.
08:29
If you kill innovation in fundraising, you can't raise more revenue;
168
509119
3214
ืื ืื™-ืืคืฉืจ ืœื™ื™ืฆืจ ื”ื›ื ืกื•ืช, ืื™ืŸ ืฆืžื™ื—ื”.
08:32
if you can't raise more revenue, you can't grow;
169
512357
2281
ื•ืื ืื™ืŸ ืฆืžื™ื—ื”, ืื™ืŸ ืฉื•ื ืกื™ื›ื•ื™ ืœืคืชื•ืจ ื‘ืขื™ื•ืช ื—ื‘ืจืชื™ื•ืช ืจืฆื™ื ื™ื•ืช.
08:34
and if you can't grow, you can't possibly solve large social problems.
170
514662
3412
08:38
The fourth area is time.
171
518868
1873
ื”ืชื—ื•ื ื”ืจื‘ื™ืขื™ ื”ื•ื ื”ื–ืžืŸ.
08:41
So Amazon went for six years without returning any profit to investors,
172
521360
3799
"ืืžืื–ื•ืŸ" ืฆืœื—ื” 6 ืฉื ื™ื ื‘ืœื™ ืฉื•ื ื”ื—ื–ืจ ืœืžืฉืงื™ืขื™ื,
08:45
and people had patience.
173
525183
1478
ืื‘ืœ ืœืื ืฉื™ื ื”ื™ืชื” ืกื‘ืœื ื•ืช.
ื”ื ื™ื“ืขื• ืฉื™ืฉื ื• ื‘ืื•ืคืง ื™ืขื“ ืžืกื•ื™ื,
08:47
They knew that there was a long-term objective down the line,
174
527042
2881
08:49
of building market dominance.
175
529947
1586
ืฉืœ ื‘ื ื™ื™ืช ื”ืฉืœื™ื˜ื” ื‘ืฉื•ืง.
08:51
But if a nonprofit organization ever had a dream
176
531557
2583
ืื‘ืœ ืื ืœืื™ื–ืฉื”ื• ืžืœื›"ืจ ื”ื™ื” ืื™ื–ื” ื—ืœื•ื
08:54
of building magnificent scale that required that for six years,
177
534164
4250
ืœื”ืงื™ื ืžืคืขืœ ืื“ื™ืจ, ืฉืžื—ื™ื™ื‘ ืฉื‘ืžืฉืš 6 ืฉื ื™ื,
08:58
no money was going to go to the needy,
178
538438
1864
ืœื ื™ื’ื™ืข ืœื ื–ืงืงื™ื ืฉื•ื ื›ืกืฃ,
ื•ื”ื›ืœ ื™ื•ืฉืงืข ื‘ื‘ื ื™ื™ืช ืžืคืขืœ ื”ืฆื“ืงื” ื”ื–ื”,
09:00
it was all going to be invested in building this scale,
179
540326
2636
09:02
we would expect a crucifixion.
180
542986
1500
ื”ื™ื™ื ื• ืžืฆืคื™ื ืœืœื ืคื—ื•ืช ืžืฆืœื™ื‘ื”.
09:05
The last area is profit itself.
181
545803
1627
ื•ื”ืชื—ื•ื ื”ืื—ืจื•ืŸ ื”ื•ื ื”ืจื•ื•ื— ืขืฆืžื•.
09:07
So the for-profit sector can pay people profits
182
547454
2516
ื”ืžื’ื–ืจ ื”ืจื•ื•ื—ื™ ื™ื›ื•ืœ ืœืฉืœื ืœืื ืฉื™ื ืจื•ื•ื—ื™ื
09:09
in order to attract their capital for their new ideas,
183
549994
2573
ื›ื“ื™ ืœืžืฉื•ืš ืืช ื”ื”ื•ืŸ ืฉืœื”ื ืืœ ืจืขื™ื•ื ื•ืชื™ื• ื”ื—ื“ืฉื™ื,
09:12
but you can't pay profits in a nonprofit sector,
184
552591
3116
ืื‘ืœ ืื™-ืืคืฉืจ ืœืฉืœื ืจื•ื•ื—ื™ื ื‘ืžื’ื–ืจ ืžืœื›"ืจื™,
09:15
so the for-profit sector has a lock
185
555731
1972
ื›ืš ืฉืœืžื’ื–ืจ ื”ืจื•ื•ื—ื™ ื™ืฉ ื‘ืœืขื“ื™ื•ืช ืขืœ ืฉื•ืงื™ ื”ื”ื•ืŸ ืขืชื™ืจื™ ื”ื˜ืจื™ืœื™ื•ื ื™ื,
09:17
on the multi-trillion-dollar capital markets,
186
557727
2481
09:20
and the nonprofit sector is starved for growth and risk and idea capital.
187
560232
4658
ื•ืื™ืœื• ื”ืžื’ื–ืจ ื”ืžืœื›"ืจื™ ืจืขื‘ ืœื”ื•ืŸ ืขื‘ื•ืจ ืฆืžื™ื—ื”,
ื•ืขื‘ื•ืจ ืกื™ื›ื•ืŸ ื•ื”ืฉืงืขื” ื‘ืจืขื™ื•ื ื•ืช ื—ื“ืฉื™ื.
ื—ื‘ืจื• ืืช ื—ืžืฉืช ื”ื“ื‘ืจื™ื ื”ืืœื”-- ืื™ื ื›ื ื™ื›ื•ืœื™ื ืœื”ืฉืชืžืฉ ื‘ื›ืกืฃ
09:26
Well, you put those five things together --
188
566024
2016
09:28
you can't use money to lure talent away from the for-profit sector;
189
568064
3154
ื›ื“ื™ ืœืคืชื•ืช ื›ืฉืจื•ื ื•ืช ืžื”ืžื’ื–ืจ ื”ืจื•ื•ื—ื™,
09:31
you can't advertise on anywhere near the scale
190
571242
2191
ืื™ื ื›ื ื™ื›ื•ืœื™ื ืœืคืจืกื ื‘ื”ื™ืงืฃ ืฉืืคื™ืœื• ืžืชืงืจื‘
09:33
the for-profit sector does for new customers;
191
573457
2354
ืœืคืจืกื•ื ืฉืžืขื ื™ืง ื”ืžื’ื–ืจ ื”ืจื•ื•ื—ื™ ืœืœืงื•ื—ื•ืช ื—ื“ืฉื™ื,
09:35
you can't take the kinds of risks in pursuit of those customers
192
575835
2964
ืื™ื ื›ื ื™ื›ื•ืœื™ื ืœืงื—ืช ืกื™ื›ื•ื ื™ื ื“ื•ืžื™ื ื‘ืžืจื“ืฃ ืื—ืจ ืœืงื•ื—ื•ืช ืืœื”,
09:38
that the for-profit sector takes;
193
578823
1688
ื›ืคื™ ืฉืขื•ืฉื” ื”ืžื’ื–ืจ ื”ืจื•ื•ื—ื™,
09:40
you don't have the same amount of time to find them as the for-profit sector;
194
580535
3633
ืœื ืขื•ืžื“ ืœืจืฉื•ืชื›ื ื“ื™ ื–ืžืŸ ื›ื“ื™ ืœืืชืจ ืื•ืชื
ื›ืžื• ื‘ืžื’ื–ืจ ื”ืจื•ื•ื—ื™,
ื•ืื™ืŸ ืœื›ื ื‘ื•ืจืกื” ื›ื“ื™ ืœืžืžืŸ ื‘ืขื–ืจืชื” ืžืฉื”ื• ืžื›ืœ ืืœื”,
09:44
and you don't have a stock market with which to fund any of this,
195
584192
3064
ื’ื ืื™ืœื• ื™ื›ื•ืœืชื ืœืขืฉื•ืช ื–ืืช,
09:47
even if you could do it in the first place --
196
587280
2112
ืื– ืคืฉื•ื˜ ื”ืฆื‘ืชื ืืช ื”ืžื’ื–ืจ ื”ืžืœื›"ืจื™
09:49
and you've just put the nonprofit sector
197
589416
1920
ื‘ืขืžื“ืช ื ื—ื™ืชื•ืช ืงื™ืฆื•ื ื™ืช ืœืขื•ืžืช ื”ืžื’ื–ืจ ื”ืจื•ื•ื—ื™
09:51
at an extreme disadvantage to the for-profit sector,
198
591360
2660
ื‘ื›ืœ ืชื—ื•ื ื•ืชื—ื•ื.
09:54
on every level.
199
594044
1166
ืื ื”ื™ื• ืœื ื• ืกืคืงื•ืช ื›ืœืฉื”ื ื‘ืืฉืจ ืœื”ืฉืคืขืช ื”ื”ื‘ื“ืœื™ื ื‘ื™ืŸ ืกืคืจื™ ื”ื›ืœืœื™ื ื”ืืœื”,
09:57
If we have any doubts about the effects of this separate rule book,
200
597321
3166
10:00
this statistic is sobering:
201
600511
1524
ื”ืจื™ ืฉื”ื ืชื•ื ื™ื ืžืกื™ืจื™ื ื›ืœ ืืฉืœื™ื”:
ืž-1970 ื•ืขื“ 2009,
10:02
From 1970 to 2009,
202
602059
2340
10:04
the number of nonprofits that really grew,
203
604423
2731
ืžืกืคืจ ื”ืžืœื›"ืจื™ื ืฉื‘ืืžืช ืฆืžื—ื•,
ืฉื—ืฆื• ืืช ืžื—ืกื•ื ื”ื”ื›ื ืกื” ื”ืฉื ืชื™ืช ืฉืœ 50 ืžื™ืœื™ื•ืŸ ื“ื•ืœืจ,
10:07
that crossed the $50 million annual revenue barrier,
204
607178
3180
10:10
is 144.
205
610382
1634
ื”ื•ื 144.
10:12
In the same time, the number of for-profits that crossed it
206
612534
2810
ื‘ืื•ืชื” ืชืงื•ืคื”, ืžืกืคืจ ื”ืืจื’ื•ื ื™ื ื”ืจื•ื•ื—ื™ื™ื ืฉื—ืฆื• ืงื• ื–ื”
ื”ื•ื 46,136.
10:15
is 46,136.
207
615368
2139
ื›ืš ืฉืื ื• ืขื•ืกืงื™ื ื‘ื‘ืขื™ื•ืช ื—ื‘ืจืชื™ื•ืช ื‘ื”ื™ืงืฃ ืื“ื™ืจ,
10:18
So we're dealing with social problems that are massive in scale,
208
618436
3063
10:21
and our organizations can't generate any scale.
209
621523
2326
ื•ื”ืืจื’ื•ื ื™ื ืฉืœื ื• ื‘ื›ืœืœ ืœื ื‘ืื•ืชื• ืกื“ืจ-ื’ื•ื“ืœ.
10:23
All of the scale goes to Coca-Cola and Burger King.
210
623873
2801
ื›ืœ ืกื“ืจื™ ื”ื’ื•ื“ืœ ื”ืืœื” ื”ื ืฉืœ "ืงื•ืงื” ืงื•ืœื”" ื•"ื‘ื•ืจื’ืจ ืงื™ื ื’".
ืžื“ื•ืข ืื ื• ื—ื•ืฉื‘ื™ื ื‘ืฆื•ืจื” ื›ื–ืืช?
10:28
So why do we think this way?
211
628388
1738
ื›ืžื• ืจื•ื‘ ื”ื“ื•ื’ืžื•ืช ื”ืคื ืื˜ื™ื•ืช ื‘ืืžืจื™ืงื”,
10:31
Well, like most fanatical dogma in America,
212
631039
4213
10:35
these ideas come from old Puritan beliefs.
213
635276
2885
ื”ืจืขื™ื•ื ื•ืช ื”ืืœื” ืžืงื•ืจื ื‘ืืžื•ื ื•ืช ื”ืคื•ืจื™ื˜ื ื™ื•ืช ื”ื™ืฉื ื•ืช.
10:38
The Puritans came here for religious reasons, or so they said,
214
638741
3071
ื”ืคื•ืจื™ื˜ื ื™ื ื”ื’ื™ืขื• ื”ื ื” ืžื˜ืขืžื™ื ื“ืชื™ื™ื, ืœืคื—ื•ืช ื›ืš ื”ื ื˜ืขื ื•,
10:41
but they also came here because they wanted to make a lot of money.
215
641836
3198
ืื‘ืœ ื’ื ื‘ื’ืœืœ ืฉืจืฆื• ืœืขืฉื•ืช ื”ืจื‘ื” ื›ืกืฃ.
10:45
They were pious people,
216
645343
1429
ื”ื ื”ื™ื• ืื ืฉื™ื ืื“ื•ืงื™ื, ืื‘ืœ ื’ื
10:46
but they were also really aggressive capitalists,
217
646796
3015
ืงืคื™ื˜ืœื™ืกื˜ื™ื ื ื•ืงืฉื™ื ืžืื“.
10:49
and they were accused of extreme forms of profit-making tendencies,
218
649835
3520
ื”ื ื”ื•ืืฉืžื• ื‘ื ื˜ื™ื™ื” ืœืฆื•ืจื•ืช ืงื™ืฆื•ื ื™ื•ืช ืฉืœ ืขืฉื™ื™ืช ืจื•ื•ื—ื™ื
10:53
compared to the other colonists.
219
653379
1913
ื‘ื”ืฉื•ื•ืื” ืœื™ืชืจ ื”ืžื•ืฉื‘ื•ืช.
10:55
But at the same time, the Puritans were Calvinists,
220
655784
2996
ืื‘ืœ ื”ืคื•ืจื™ื˜ื ื™ื ื”ื™ื• ื’ื ืงืœื•ื•ื™ื ื™ืกื˜ื™ื™ื.
10:58
so they were taught literally to hate themselves.
221
658804
2523
ื›ืš ืฉื”ื ืœืžื“ื• ืœืฉื ื•ื ืืช ืขืฆืžื, ืคืฉื•ื˜ื• ื›ืžืฉืžืขื•.
11:01
They were taught that self-interest was a raging sea
222
661351
3044
ื”ื ืœืžื“ื• ืฉื˜ื•ื‘ืช ื”ืขืฆืžื™ ื”ื™ื ื™ื ื–ื•ืขืฃ
11:04
that was a sure path to eternal damnation.
223
664419
2587
ืฉืžื•ื‘ื™ืœ ืœื’ื™ื”ื™ื ื•ื.
11:07
This created a real problem for these people.
224
667840
2118
ื•ื–ื” ื™ืฆืจ ื‘ืขื™ื” ืืžื™ืชื™ืช ืขื‘ื•ืจ ื”ืื ืฉื™ื ื”ืืœื”, ื ื›ื•ืŸ?
11:09
Here they've come all the way across the Atlantic to make all this money,
225
669982
3517
ื”ื ื‘ืื• ืžื”ืฆื“ ื”ืฉื ื™ ืฉืœ ื”ืื•ืงื™ื™ื ื•ืก ื”ืื˜ืœื ื˜ื™ ืœื”ืจื•ื•ื™ื— ืืช ื›ืœ ื”ื›ืกืฃ ื”ื–ื”.
ื•ืขืฉื™ื™ืช ื›ืœ ื”ื›ืกืฃ ื”ื–ื” ืชื’ืจื•ื ืœื”ื ืœื”ื’ื™ืข ื™ืฉืจ ืœื’ื™ื”ื™ื ื•ื.
11:13
but making all this money will get you sent directly to Hell.
226
673523
3175
11:16
What were they to do about this?
227
676722
1558
ืžื” ื”ื ื”ื™ื• ืืžื•ืจื™ื ืœืขืฉื•ืช ื‘ื ื™ื“ื•ืŸ?
11:18
Well, charity became their answer.
228
678594
1638
ื”ืฆื“ืงื” ื”ืคื›ื” ืœืชืฉื•ื‘ื” ืฉืœื”ื.
11:20
It became this economic sanctuary,
229
680256
2431
ื”ื™ื ื”ืคื›ื” ืœืžืคืœื˜ ื”ื›ืœื›ืœื™
11:22
where they could do penance for their profit-making tendencies --
230
682711
3619
ืฉื‘ื• ื™ื›ืœื• ืœื”ื›ื•ืช ืขืœ ื—ื˜ื ื ื˜ื™ื•ืช ืขืฉื™ื™ืช ื”ืจื•ื•ื—ื™ื ืฉืœื”ื
ื‘-5 ืกื ื˜ ืœื“ื•ืœืจ.
11:26
at five cents on the dollar.
231
686354
2000
11:29
So of course, how could you make money in charity
232
689339
2334
ื•ื›ืžื•ื‘ืŸ, ืื™ืš ืขื•ืฉื™ื ื›ืกืฃ ื‘ืฆื“ืงื”
11:31
if charity was your penance for making money?
233
691697
2324
ืื ื”ืฆื“ืงื” ื”ื™ื ื”ืžืคืœื˜ ืžืคื ื™ ืขืฉื™ื™ืช ื›ืกืฃ?
11:34
Financial incentive was exiled from the realm of helping others,
234
694442
3857
ื”ื™ื–ืžื•ืช ื”ืคื™ื ื ืกื™ืช ื”ื•ื’ืœืชื” ืžืชื—ื•ื ื”ืขื–ืจื” ืœื–ื•ืœืช
11:38
so that it could thrive in the area of making money for yourself,
235
698323
3405
ื›ื“ื™ ืฉืชื•ื›ืœ ืœืฉื’ืฉื’ ื‘ืชื—ื•ื ืฉืœ ืขืฉื™ื™ืช ื”ื›ืกืฃ ืœืžืขืŸ ืขืฆืžืš.
11:41
and in 400 years, nothing has intervened
236
701752
3167
ื•ื‘ืžืฉืš 400 ืฉื ื” ืื™ืฉ ืœื ืงื ื•ืืžืจ,
11:44
to say, "That's counterproductive and that's unfair."
237
704943
3234
"ื–ื” ืœื ืคืจื•ื“ื•ืงื˜ื™ื‘ื™ ื•ืœื ื”ื•ื’ืŸ."
ื•ื”ืื™ื“ื™ืื•ืœื•ื’ื™ื” ื”ื–ื• ืžืฉื•ืขื‘ื“ืช ืœืฉืืœื” ื”ืžืื“ ืžืกื•ื›ื ืช ื”ื‘ืื”:
11:50
Now, this ideology gets policed by this one very dangerous question,
238
710375
3665
11:54
which is, "What percentage of my donation goes to the cause versus overhead?"
239
714064
4280
"ืื™ื–ื” ืื—ื•ื– ืžืชืจื•ืžืชื™ ื”ื•ืœืš ืœืžื˜ืจื•ืช ืฆื“ืงื”, ืœืขื•ืžืช ื›ื™ืกื•ื™ ื”ื•ืฆืื•ืช ื”ืชืงื•ืจื”?"
11:58
There are a lot of problems with this question.
240
718653
2207
ื™ืฉ ื”ืจื‘ื” ื‘ืขื™ื•ืช ืขื ื”ืฉืืœื” ื”ื–ื•.
12:00
I'm going to just focus on two.
241
720884
1500
ืืชืžืงื“ ืจืง ื‘ืฉืชื™ื™ื ืžื”ืŸ.
12:02
First, it makes us think that overhead is a negative,
242
722408
4065
ืจืืฉื™ืช, ื–ื” ื’ื•ืจื ืœื ื• ืœื—ืฉื•ื‘ ืฉื”ืชืงื•ืจื” ื”ื™ื ื“ื‘ืจ ืฉืœื™ืœื™,
12:06
that it is somehow not part of the cause.
243
726497
2793
ืฉื”ื™ื ืื™ื ื” ื—ืœืง ืžื”ืžื˜ืจื”.
ื•ื”ื™ื ื‘ื”ื—ืœื˜ ื›ืŸ, ื‘ืžื™ื•ื—ื“ ืื ื”ื™ื ืžืฉืžืฉืช ืœืฆืžื™ื—ื”.
12:10
But it absolutely is, especially if it's being used for growth.
244
730282
3835
ื”ืจืขื™ื•ืŸ ื”ื–ื”, ืฉื”ืชืงื•ืจื” ื”ื™ื ืื™ื›ืฉื”ื•
12:15
Now, this idea that overhead is somehow an enemy of the cause
245
735251
3921
ืขื•ื™ื ืช ืœืžื˜ืจื”,
12:19
creates this second, much larger problem,
246
739196
2501
ื™ื•ืฆืจ ืืช ื”ื‘ืขื™ื” ื”ืฉื ื™ื”, ื•ื”ื’ื“ื•ืœื” ื‘ื”ืจื‘ื”, ื•ื”ื™ื:
12:21
which is, it forces organizations to go without the overhead things
247
741721
3836
ื–ื” ืžืืœืฅ ืืจื’ื•ื ื™ื ืœืคืขื•ืœ ื‘ืœื™ ื”ืชืงื•ืจื”
12:25
they really need to grow,
248
745581
1608
ืฉื”ื ืžืžืฉ ื–ืงื•ืงื™ื ืœื” ื›ื“ื™ ืœืฆืžื•ื—
12:27
in the interest of keeping overhead low.
249
747213
2272
ื‘ืžื’ืžื” ืœืฉืžื•ืจ ืขืœ ืชืงื•ืจื” ื ืžื•ื›ื”.
12:30
So we've all been taught that charities should spend
250
750184
2508
ืœื™ืžื“ื• ืืช ื›ื•ืœื ื• ืฉืืจื’ื•ื ื™ ื”ืฆื“ืงื” ืฆืจื™ื›ื™ื ืœื”ื•ืฆื™ื
12:32
as little as possible on overhead things like fundraising
251
752716
2775
ืžืขื˜ ื›ื›ืœ ื”ืืคืฉืจ ืขืœ ืขื ื™ื™ื ื™ ืชืงื•ืจื” ื›ืžื• ื’ื™ื•ืก ื›ืกืคื™ื,
12:35
under the theory that, well, the less money you spend on fundraising,
252
755515
3374
ืœืคื™ ื”ืชื™ืื•ืจื™ื” ืฉืื•ืžืจืช ืฉื›ื›ืœ ืฉืžื•ืฆื™ืื™ื ืคื—ื•ืช ืขืœ ื’ื™ื•ืก ื›ืกืคื™ื,
12:38
the more money there is available for the cause.
253
758913
2801
ื ื•ืชืจ ื™ื•ืชืจ ื›ืกืฃ ืขื‘ื•ืจ ื”ืžื˜ืจื”.
12:42
Well, that's true if it's a depressing world
254
762595
2343
ื–ื” ื ื›ื•ืŸ ืื ืžื“ื•ื‘ืจ ื‘ืขื•ืœื ื“ื›ืื ื™
12:44
in which this pie cannot be made any bigger.
255
764962
2703
ืฉื‘ื• ืœื ื ื™ืชืŸ ืœื”ื’ื“ื™ืœ ืืช ื”ืขื•ื’ื”.
ืื‘ืœ ืื ืžื“ื•ื‘ืจ ื‘ืขื•ืœื ื”ื’ื™ื•ื ื™, ืฉื‘ื• ื”ืฉืงืขื” ื‘ื’ื™ื•ืก ื›ืกืคื™ื
12:48
But if it's a logical world in which investment in fundraising
256
768380
3365
12:51
actually raises more funds and makes the pie bigger,
257
771769
3486
ื‘ืขืฆื ืžื’ื™ื™ืกืช ืขื•ื“ ื›ืกืฃ ื•ืžื’ื“ื™ืœื” ืืช ื”ืขื•ื’ื”,
12:55
then we have it precisely backwards,
258
775279
1857
ืื– ื”ื›ืœ ืœื’ืžืจื™ ื”ืคื•ืš,
12:57
and we should be investing more money, not less, in fundraising,
259
777160
3548
ื•ืขืœื™ื ื• ืœื”ืฉืงื™ืข ื™ื•ืชืจ, ื•ืœื ืคื—ื•ืช,
ื‘ื’ื™ื•ืก ื›ืกืคื™ื, ื›ื™ ื’ื™ื•ืก ื”ื›ืกืคื™ื ื”ื•ื ื”ื“ื‘ืจ ื”ื™ื—ื™ื“
13:00
because fundraising is the one thing
260
780732
1729
13:02
that has the potential to multiply the amount of money
261
782485
2611
ืฉื™ืฉ ืœื• ืคื•ื˜ื ืฆื™ืืœ ืœื”ื›ืคื™ืœ ืืช ื›ืžื•ืช ื”ื›ืกืฃ
ื”ื–ืžื™ืŸ ืœืžื˜ืจื” ืฉื—ืฉื•ื‘ื” ืœื ื• ื›ืœ ื›ืš.
13:05
available for the cause that we care about so deeply.
262
785120
2817
13:09
I'll give you two examples.
263
789747
1293
ืืชืŸ ืœื›ื ืฉืชื™ ื“ื•ื’ืžืื•ืช. ื”ืฉืงื ื• ืืช ืžืกืขื•ืช ื”"ืื™ื™ื“ืก ืจื™ื™ื“"
13:11
We launched the AIDSRides
264
791064
1246
ื‘ื”ืฉืงืขื” ืจืืฉื•ื ื™ืช ืฉืœ 50,000 ื“ื•ืœืจ ื‘ื”ื•ืŸ ืกื™ื›ื•ืŸ.
13:12
with an initial investment of 50,000 dollars in risk capital.
265
792334
3072
13:15
Within nine years, we had multiplied that 1,982 times,
266
795866
4979
ืชื•ืš 9 ืฉื ื™ื ื”ื›ืคืœื ื• ื–ืืช ืคื™ 1,982
13:20
into 108 million dollars after all expenses, for AIDS services.
267
800869
4190
ื•ื”ื’ืขื ื• ืœ-108 ืžื™ืœื™ื•ืŸ ื“ื•ืœืจ ืื—ืจื™ ื›ืœ ื”ื”ื•ืฆืื•ืช ืขื‘ื•ืจ ืฉื™ืจื•ืชื™ ื”ืื™ื™ื“ืก.
13:26
We launched the breast cancer three-days
268
806478
1913
ื”ืฉืงื ื• ืืช ืžืกืข ืฉืœื•ืฉืช ื”ื™ืžื™ื ืœืžืœื—ืžื” ื‘ืกืจื˜ืŸ ื”ืฉื“
13:28
with an initial investment of 350,000 dollars in risk capital.
269
808415
3463
ื‘ื”ืฉืงืขื” ืจืืฉื•ื ื™ืช ืฉืœ 350,000 ื“ื•ืœืจ ื”ื•ืŸ ืกื™ื›ื•ืŸ.
13:32
Within just five years, we had multiplied that 554 times,
270
812243
4730
ืชื•ืš 5 ืฉื ื™ื ื”ื›ืคืœื ื• ื–ืืช ืคื™ 554,
13:36
into 194 million dollars after all expenses,
271
816997
3579
ืœ-194 ืžื™ืœื™ื•ืŸ ื“ื•ืœืจ ืื—ืจื™ ื›ืœ ื”ื”ื•ืฆืื•ืช
13:40
for breast cancer research.
272
820600
1321
ืขืœ ื—ืงืจ ืกืจื˜ืŸ ื”ืฉื“.
13:42
Now, if you were a philanthropist really interested in breast cancer,
273
822230
3314
ืื– ืื ืื™ื–ื” ื ื“ื‘ืŸ ื‘ืืžืช ืžืชืขื ื™ื™ืŸ ื‘ื ื•ืฉื ืกืจื˜ืŸ ื”ืฉื“,
13:45
what would make more sense:
274
825568
1293
ืžื” ื™ื”ื™ื” ื™ื•ืชืจ ื”ื’ื™ื•ื ื™ ืžืืฉืจ
13:46
go out and find the most innovative researcher in the world
275
826885
3851
ืœืžืฆื•ื ืืช ื”ื—ื•ืงืจืช ื”ื›ื™ ื—ื“ืฉื ื™ืช ื‘ืขื•ืœื
13:50
and give her 350,000 dollars for research,
276
830760
3380
ื•ืœืชืช ืœื” 350,000 ื“ื•ืœืจ ืœืฆืจื›ื™ ืžื—ืงืจ,
ืื• ืœืชืช ืœืื’ืฃ ื’ื™ื•ืก ื”ื›ืกืคื™ื ืฉืœื” ืืช 350,000 ื”ื“ื•ืœืจ
13:54
or give her fundraising department the 350,000 dollars
277
834164
3619
13:57
to multiply it into 194 million dollars for breast cancer research?
278
837807
4285
ื›ื“ื™ ืฉื–ื” ื™ื’ื“ื™ืœ ืื•ืชื ืœ-194 ืžื™ืœื™ื•ืŸ ื“ื•ืœืจ ืขื‘ื•ืจ ื—ืงืจ ืกืจื˜ืŸ ื”ืฉื“?
ืฉื ืช 2002 ื”ื™ืชื” ื”ืฉื ื” ื”ื›ื™ ืžื•ืฆืœื—ืช ืฉืœื ื•.
14:03
2002 was our most successful year ever.
279
843060
3025
ื”ืฉื’ื ื• ืกื›ื•ื ื ื˜ื•, ืจืง ืœื—ืงืจ ืกืจื˜ืŸ ื”ืฉื“, ืจืง ื‘ืื•ืชื” ืฉื ื”,
14:06
We netted for breast cancer alone, that year alone,
280
846109
3134
14:09
71 million dollars after all expenses.
281
849267
3087
71 ืžื™ืœื™ื•ืŸ ื“ื•ืœืจ ื‘ื ื™ื›ื•ื™ ื›ืœ ื”ื”ื•ืฆืื•ืช.
14:13
And then we went out of business,
282
853113
2320
ื•ืื– ืคืฉื˜ื ื• ืืช ื”ืจื’ืœ
14:15
suddenly and traumatically.
283
855457
1818
ื‘ืื•ืคืŸ ืคืชืื•ืžื™ ื•ื˜ืจืื•ืžื˜ื™.
14:18
Why? Well, the short story is, our sponsors split on us.
284
858569
4714
ืžื“ื•ืข? ื”ืกื™ืคื•ืจ, ื‘ืงื™ืฆื•ืจ, ื”ื•ื ืฉื”ืžืžืžืŸ ืฉืœื ื• ื ื˜ืฉ ืื•ืชื ื•.
14:23
They wanted to distance themselves from us
285
863307
2063
ื”ื•ื ืจืฆื” ืœื”ืจื—ื™ืง ืืช ืขืฆืžื• ืžืื™ืชื ื•
14:25
because we were being crucified in the media
286
865394
2857
ื›ื™ ื”ื•ืงื™ืขื• ืื•ืชื ื• ื‘ืชืงืฉื•ืจืช
14:28
for investing 40 percent of the gross in recruitment
287
868275
3378
ืขืœ ื›ืš ืฉื”ืฉืงืขื ื• 40% ืžื”ื‘ืจื•ื˜ื• ื‘ื’ื™ื•ืก
14:31
and customer service and the magic of the experience,
288
871677
3364
ื•ื‘ืฉื™ืจื•ืช ืœืงื•ื—ื•ืช, ื•ื‘ืฉื™ื•ื•ืง ืงืกื ื”ื—ื•ื•ื™ื”
ื•ื‘ื™ืŸ ืžื•ื ื—ื™ ื”ื ื”ืœืช ื”ื—ืฉื‘ื•ื ื•ืช ืื™ืŸ ืžื™ืœื” ืฉืชืชืืจ
14:35
and there is no accounting terminology to describe
289
875065
2863
14:37
that kind of investment in growth and in the future,
290
877952
3150
ืืช ืกื•ื’ ื”ื”ืฉืงืขื” ืฉืขืฉื™ื ื• ื‘ืฆืžื™ื—ื” ื•ื‘ืขืชื™ื“,
ืคืจื˜ ืœืชื•ื•ื™ืช ื”ืฉื˜ื ื™ืช ื”ื–ื•, "ืชืงื•ืจื”".
14:41
other than this demonic label of "overhead."
291
881126
2944
ืื– ื™ื•ื ืื—ื“, ื›ืœ 350 ื”ืขื•ื‘ื“ื™ื ื”ื ืคืœืื™ื ืฉืœื ื•
14:46
So on one day, all 350 of our great employees
292
886038
5374
14:51
lost their jobs ...
293
891436
1626
ืื™ื‘ื“ื• ืืช ืžืงื•ืžื•ืช ื”ืขื‘ื•ื“ื” ืฉืœื”ื
14:55
because they were labeled "overhead."
294
895920
1825
ืžืฉื•ื ืฉืชื•ื™ื’ื• ื›"ืชืงื•ืจื”".
14:59
Our sponsor went and tried the events on their own.
295
899078
2540
ื”ืžืžืžืŸ ืฉืœื ื• ื ื™ืกื” ืœื”ืจื™ื ื‘ืขืฆืžื• ืืช ื”ืื™ืจื•ืขื™ื
15:01
The overhead went up.
296
901642
1333
ื”ืชืงื•ืจื” ื ืกืงื”.
15:02
Net income for breast cancer research went down by 84 percent,
297
902999
3769
ื”ื”ื›ื ืกื” ื ื˜ื• ืขื‘ื•ืจ ื—ืงืจ ืกืจื˜ืŸ ื”ืฉื“ ืฆื ื—ื”
ื‘-84%, ืื• ื‘-60 ืžื™ืœื™ื•ืŸ ื“ื•ืœืจ ื‘ืฉื ื” ืื—ืช.
15:06
or 60 million dollars, in one year.
298
906792
2918
15:11
This is what happens when we confuse morality with frugality.
299
911244
5397
ื–ื” ืžื” ืฉืงื•ืจื” ื›ืฉืžื‘ืœื‘ืœื™ื
ื‘ื™ืŸ ืžื•ืกืจื™ื•ืช ืœื—ืกื›ื ื•ืช.
15:18
We've all been taught that the bake sale with five percent overhead
300
918619
3166
ืœื™ืžื“ื• ืืช ื›ื•ืœื ื• ืฉืžื›ื™ืจื” ืฉืœ ืžื•ืฆืจื™ ืžืืคื” ื‘ืชื•ืกืคืช ืขืœื•ืช ืชืงื•ืจื” ืฉืœ 5%
15:21
is morally superior to the professional fundraising enterprise
301
921809
2951
ื ืขืœื” ืžื‘ื—ื™ื ื” ืžื•ืกืจื™ืช ืขืœ ื’ื™ื•ืก ื›ืกืคื™ื ืžืงืฆื•ืขื™ ืขื ืชืงื•ืจื” ืฉืœ 40%,
15:24
with 40 percent overhead,
302
924784
1666
15:26
but we're missing the most important piece of information, which is:
303
926474
3277
ืื‘ืœ ื—ืกืจื” ืœื ื• ืคื™ืกืช ื”ืžื™ื“ืข ื”ื›ื™ ื—ืฉื•ื‘ื”:
ืžื”ื• ื‘ืืžืช ื”ื’ื•ื“ืœ ืฉืœ ื”ืขื•ื’ื•ืช ื”ืืœื”?
15:29
What is the actual size of these pies?
304
929775
2476
15:32
Who cares if the bake sale only has five percent overhead if it's tiny?
305
932934
3919
ืœืžื™ ืื™ื›ืคืช ืื ืžื•ื›ืจื™ื ืžืืคื™ื ื‘ืชืงื•ืจื” ืฉืœ 5%, ืื ื–ื” ื‘ื”ื™ืงืฃ ื–ืขื™ืจ?
15:37
What if the bake sale only netted 71 dollars for charity
306
937573
2832
ืžื” ืื ืžื›ื™ืจืช ื”ืžืืคื™ื ื”ืคื™ืงื” ืจืง 71 ื“ื•ืœืจ ื ื˜ื• ืœืฆื“ืงื”
15:40
because it made no investment in its scale
307
940429
2024
ื›ื™ ื‘ื”ื™ืงืฃ ื”ื–ื” ื”ื™ื ืœื ืขืฉืชื” ืฉื•ื ื”ืฉืงืขื”
15:42
and the professional fundraising enterprise netted
308
942477
2381
ื•ืื™ืœื• ืžื™ื–ื ื’ื™ื•ืก ื”ื›ืกืคื™ื ื”ืžืงืฆื•ืขื™ ื”ื‘ื™ื ื ื˜ื•
15:44
71 million dollars because it did?
309
944882
2306
ืฉืœ 71 ืžื™ืœื™ื•ืŸ ื“ื•ืœืจ ืžืคื ื™ ืฉื›ืŸ ื‘ื™ืฆืข ื”ืฉืงืขื”?
15:47
Now which pie would we prefer,
310
947831
1595
ืื™ื–ื• ืขื•ื’ื” ืื ื• ืžืขื“ื™ืคื™ื ื›ืขืช, ื•ืื™ื–ื• ืขื•ื’ื”
15:49
and which pie do we think people who are hungry would prefer?
311
949450
3095
ื ืจืื” ืœื ื• ืฉื”ืจืขื‘ื™ื ื”ื™ื• ืžืขื“ื™ืคื™ื?
15:53
Here's how all of this impacts the big picture.
312
953577
2946
ื•ื›ืš ื›ืœ ื–ื” ืžืฉืคื™ืข ืขืœ ื”ืชืžื•ื ื” ื”ืžืœืื”.
15:57
I said that charitable giving is two percent of GDP in the United States.
313
957251
3477
ืฆื™ื™ื ืชื™ ืฉื”ืชืจื•ืžื” ืœืฆื“ืงื” ื”ื™ื 2% ืžืกืš ื”ืชื•ืฆืจ ื”ืœืื•ืžื™ ื”ื’ื•ืœืžื™ ื‘ืืจื”"ื‘.
16:00
That's about 300 billion dollars a year.
314
960752
2690
ื–ื” ื‘ืขืจืš 300 ืžื™ืœื™ืืจื“ ื“ื•ืœืจ ื‘ืฉื ื”.
16:03
But only about 20 percent of that, or 60 billion dollars,
315
963466
3363
ืืš ืจืง 20% ืžื”ื, ืื• 60 ืžื™ืœื™ืืจื“ ื“ื•ืœืจ,
16:06
goes to health and human services causes.
316
966853
1953
ื”ื•ืœื›ื™ื ืœืžื˜ืจื•ืช ื”ื•ืžื ื™ื•ืช ื•ื‘ืจื™ืื•ืชื™ื•ืช.
16:08
The rest goes to religion and higher education and hospitals,
317
968830
3626
ื”ื™ืชืจ ื”ื•ืœืš ืœื“ืช, ืœื”ืฉื›ืœื” ื’ื‘ื•ื”ื” ื•ืœื‘ืชื™-ื—ื•ืœื™ื
16:12
and that 60 billion dollars is not nearly enough
318
972480
2898
ื•-60 ืžื™ืœื™ืืจื“ ื”ื“ื•ืœืจ ื”ืืœื” ื‘ื›ืœืœ ืœื ืžืกืคื™ืงื™ื
16:15
to tackle these problems.
319
975402
1555
ื›ื“ื™ ืœื”ืชืžื•ื“ื“ ืขื ื”ื‘ืขื™ื•ืช ื”ืืœื”.
16:17
But if we could move charitable giving from two percent of GDP,
320
977609
4350
ืืš ืื™ืœื• ื™ื›ื•ืœื ื• ืœื”ืขืœื•ืช ืืช ื”ืชืจื•ืžื” ืœืฆื“ืงื”
ืž-2% ืžื”ืชื•ืฆืจ ื”ืœืื•ืžื™ ื”ื’ื•ืœืžื™ ื‘ื“ืจื’ื” ืื—ืช, ื“ืจื’ื” ืื—ืช ื‘ืœื‘ื“
16:21
up just one step to three percent of GDP, by investing in that growth,
321
981983
6638
ืœ-3% ืžื”ืชื•ืฆืจ ื”ืœืื•ืžื™ ื”ื’ื•ืœืžื™, ืข"ื™ ื”ืฉืงืขื” ื‘ืฆืžื™ื—ื”,
16:28
that would be an extra 150 billion dollars a year in contributions,
322
988645
4035
ืคื™ืจื•ืฉื• ื”ื™ื” ืขื•ื“ 150 ืžื™ืœื™ืืจื“ ื“ื•ืœืจ ื‘ืฉื ื” ื‘ืชืจื•ืžื•ืช,
16:32
and if that money could go disproportionately
323
992704
2358
ื•ืื ื”ื›ืกืฃ ื”ื–ื” ื”ื™ื” ืžื•ืคื ื” ื‘ืื•ืคืŸ ืœื ืคืจื•ืคื•ืจืฆื™ื•ื ืœื™
16:35
to health and human services charities,
324
995086
1859
ืœืฆื“ืงื” ืขื‘ื•ืจ ืฉื™ืจื•ืชื™ ืื ื•ืฉ ื•ื‘ืจื™ืื•ืช,
16:36
because those were the ones we encouraged to invest in their growth,
325
996969
3239
ื›ื™ ืืœื” ื”ื“ื‘ืจื™ื ืฉื‘ืฆืžื™ื—ืชื ืขื•ื“ื“ื ื• ืืช ื”ืื ืฉื™ื ืœื”ืฉืงื™ืข,
ื–ื” ื”ื™ื” ืžื™ื™ืฆื’ ืฉื™ืœื•ืฉ ืฉืœ ื”ืชืจื•ืžื•ืช ืœืžื’ื–ืจ ื”ื–ื”.
16:40
that would represent a tripling of contributions to that sector.
326
1000232
3758
16:44
Now we're talking scale.
327
1004573
1608
ื•ืขื›ืฉื™ื• ืื ื• ืžื“ื‘ืจื™ื ืขืœ ื”ื™ืงืคื™ื ืžืžืฉื™ื™ื.
ืขื›ืฉื™ื• ืื ื• ืžื“ื‘ืจื™ื ืขืœ ืคื•ื˜ื ืฆื™ืืœ ืœืฉื™ื ื•ื™ ืืžื™ืชื™.
16:46
Now we're talking the potential for real change.
328
1006205
2484
16:49
But it's never going to happen by forcing these organizations
329
1009831
3095
ืื‘ืœ ื–ื” ืœืขื•ืœื ืœื ื™ืงืจื” ืื ืžืืœืฆื™ื
ืืช ื”ืืจื’ื•ื ื™ื ื”ืืœื” ืœื”ื ืžื™ืš ืืช ืฆื™ืคื™ื•ืชื™ื”ื
16:52
to lower their horizons
330
1012950
1828
16:54
to the demoralizing objective of keeping their overhead low.
331
1014802
3619
ืœื™ืขื“ ื”ืžื“ื›ื ืฉืœ ืฉืžื™ืจื” ืขืœ ืชืงื•ืจื” ื ืžื•ื›ื”.
17:00
Our generation does not want its epitaph to read,
332
1020397
3332
ื”ื“ื•ืจ ืฉืœื ื• ืœื ืจื•ืฆื” ืฉืขืœ ื”ืžืฆื‘ื” ืฉืœื• ื™ื™ื›ืชื‘:
17:03
"We kept charity overhead low."
333
1023753
2127
"ื”ืฆืœื—ื ื• ืœืฉืžื•ืจ ืขืœ ื”ืชืงื•ืจื” ื”ื ืžื•ื›ื” ืฉืœ ื”ืฆื“ืงื”"
17:05
(Laughter)
334
1025904
4524
[ืฆื—ื•ืง] [ืžื—ื™ืื•ืช ื›ืคื™ื™ื]
17:10
(Applause)
335
1030452
3832
17:14
We want it to read that we changed the world,
336
1034308
2207
ืื ื• ืจื•ืฆื™ื ืฉื™ื™ื›ืชื‘ ืฉื ืฉืฉื™ื ื™ื ื• ืืช ื”ืขื•ืœื,
17:16
and that part of the way we did that
337
1036539
1715
ื•ืขืฉื™ื ื• ื–ืืช, ื—ืœืงื™ืช,
17:18
was by changing the way we think about these things.
338
1038278
2589
ื‘ื›ืš ืฉืฉื™ื ื™ื ื• ืืช ื”ืื•ืคืŸ ื‘ื• ืื ื• ื—ื•ืฉื‘ื™ื ืขืœ ื”ื“ื‘ืจื™ื ื”ืืœื”.
17:21
So the next time you're looking at a charity,
339
1041566
2127
ืื– ื‘ืคืขื ื”ื‘ืื” ืฉืชืกืชื›ืœื• ืขืœ ืžืคืขืœ ืฆื“ืงื”,
17:23
don't ask about the rate of their overhead.
340
1043717
2081
ืืœ ืชืฉืืœื• ืžื” ื”ืชืงื•ืจื” ืฉืœื•,
17:25
Ask about the scale of their dreams,
341
1045822
2315
ืืœื ืžื”ื• ื”ื™ืงืฃ ื”ื—ืœื•ืžื•ืช ืฉืœื•,
ืžื”ื ื—ืœื•ืžื•ืช ื”"ืืคืœ", "ื’ื•ื’ืœ", "ืืžืื–ื•ืŸ" ืฉืœื•,
17:28
their Apple-, Google-, Amazon-scale dreams,
342
1048161
3556
17:31
how they measure their progress toward those dreams,
343
1051741
2469
ืื™ืš ื”ื•ื ืžื•ื“ื“ ืืช ื”ืชืงื“ืžื•ืชื• ืœืขื‘ืจ ื”ื—ืœื•ืžื•ืช ื”ืœืœื•,
ื•ืžื”ื ื”ืžืฉืื‘ื™ื ื”ื ื—ื•ืฆื™ื ืœื• ื›ื“ื™ ืœื”ื’ืฉื™ืžื
17:34
and what resources they need to make them come true,
344
1054234
2635
17:36
regardless of what the overhead is.
345
1056893
1763
ืชื”ื™ื” ืืฉืจ ืชื”ื™ื” ื”ืชืงื•ืจื”.
17:38
Who cares what the overhead is
346
1058680
1604
ืœืžื™ ืื™ื›ืคืช ืžื”ื™ ื”ืชืงื•ืจื” ืื ื”ื‘ืขื™ื•ืช ืื›ืŸ ื ืคืชืจื•ืช?
17:40
if these problems are actually getting solved?
347
1060308
2335
17:43
If we can have that kind of generosity --
348
1063627
2976
ืื ื ื•ื›ืœ ืœืงื™ื™ื ืกื•ื’ ื–ื” ืฉืœ ื ื“ื™ื‘ื•ืช,
17:46
a generosity of thought --
349
1066627
2128
ื ื“ื™ื‘ื•ืช ืžื—ืฉื‘ื”, ื›ื™-ืื– ื”ืžื’ื–ืจ ื”ืžืœื›"ืจื™ ื™ื•ื›ืœ ืœืžืœื
17:48
then the non-profit sector can play a massive role
350
1068779
2876
ืชืคืงื™ื“ ื›ื‘ื™ืจ ื‘ืฉื™ื ื•ื™ ื”ืขื•ืœื ืขื‘ื•ืจ ื›ืœ ืื•ืชื ืื–ืจื—ื™ื
17:51
in changing the world for all those citizens
351
1071679
3432
ืฉื”ื›ื™ ืฆืจื™ื›ื™ื ืฉื”ื•ื ื™ืฉืชื ื”.
17:55
most desperately in need of it to change.
352
1075135
2593
ื•ืื ื–ื• ืชื•ื›ืœ ืœื”ื™ื•ืช ืžื•ืจืฉืช ื”ื ืฆื— ืฉืœ ื“ื•ืจื ื•,
18:01
And if that can be our generation's enduring legacy --
353
1081076
3130
18:05
that we took responsibility
354
1085922
2872
ืฉืœืงื—ื ื• ืขืœ ืขืฆืžื ื• ืืช ื”ืื—ืจื™ื•ืช
18:08
for the thinking that had been handed down to us,
355
1088818
2495
ืขืœ ื”ืœืš ื”ืžื—ืฉื‘ื” ืฉื”ื•ืจื™ืฉื• ืœื ื•,
18:11
that we revisited it, we revised it,
356
1091337
2816
ื•ืื ื• ื‘ื“ืงื ื• ืื•ืชื• ื•ืฉื™ื ื™ื ื• ืื•ืชื•,
18:14
and we reinvented the whole way humanity thinks about changing things,
357
1094177
4082
ื•ื”ืžืฆืื ื• ืžื—ื“ืฉ ืืช ื›ืœ ื”ืื•ืคืŸ ืฉื‘ื• ื”ืื ื•ืฉื•ืช ื—ื•ืฉื‘ืช ืขืœ ื™ืฆื™ืจืช ืฉื™ื ื•ื™ื™ื,
ืœื ืฆื—, ืœืžืขืŸ ื›ืœ ืื“ื,
18:18
forever, for everyone --
358
1098283
3476
18:21
well, I thought I would let the kids sum up what that would be.
359
1101783
3794
ื•ื‘ื›ืŸ, ื—ืฉื‘ืชื™ ืฉื›ื“ืื™ ืฉืื ื™ื— ืœื™ืœื“ื™ื ืœืกื›ื ืžื” ื–ื” ืขืฉื•ื™ ืœื”ื™ื•ืช.
18:26
Annalisa Smith-Pallotta: That would be
360
1106561
1851
ืื ื”-ืœื™ืกื”, ืกื™ื™ื’' ื•ืจื™ื™ื“ืจ ืกืžื™ืช-ืคืืœื•ื˜ื”: ื–ื• ืชื”ื™ื” ื—ื“ืฉื ื•ืช ื—ื‘ืจืชื™ืช ืฉืœ ืืžืช.
ืื ื”-ืœื™ืกื”, ืกื™ื™ื’' ื•ืจื™ื™ื“ืจ ืกืžื™ืช-ืคืืœื•ื˜ื”: ื–ื• ืชื”ื™ื” ื—ื“ืฉื ื•ืช ื—ื‘ืจืชื™ืช ืฉืœ ืืžืช.
18:28
Sage Smith-Pallotta: a real social
361
1108436
1982
18:30
Rider Smith-Pallotta: innovation.
362
1110442
1826
ืื ื”-ืœื™ืกื”, ืกื™ื™ื’' ื•ืจื™ื™ื“ืจ ืกืžื™ืช-ืคืืœื•ื˜ื”: ื–ื• ืชื”ื™ื” ื—ื“ืฉื ื•ืช ื—ื‘ืจืชื™ืช ืฉืœ ืืžืช.
18:32
Dan Pallotta: Thank you very much.
363
1112688
1651
ื“ืŸ ืคืืœื•ื˜ื”: ืชื•ื“ื” ืจื‘ื” ืœื›ื. ืชื•ื“ื” ืจื‘ื”.
18:34
Thank you.
364
1114363
1255
18:35
(Applause)
365
1115642
6947
[ืžื—ื™ืื•ืช ื›ืคื™ื™ื]
18:44
Thank you.
366
1124778
1173
ืชื•ื“ื” ืœื›ื. [ืžื—ื™ืื•ืช ื›ืคื™ื™ื]
18:45
(Applause)
367
1125975
3038
ืขืœ ืืชืจ ื–ื”

ืืชืจ ื–ื” ื™ืฆื™ื’ ื‘ืคื ื™ื›ื ืกืจื˜ื•ื ื™ YouTube ื”ืžื•ืขื™ืœื™ื ืœืœื™ืžื•ื“ ืื ื’ืœื™ืช. ืชื•ื›ืœื• ืœืจืื•ืช ืฉื™ืขื•ืจื™ ืื ื’ืœื™ืช ื”ืžื•ืขื‘ืจื™ื ืขืœ ื™ื“ื™ ืžื•ืจื™ื ืžื”ืฉื•ืจื” ื”ืจืืฉื•ื ื” ืžืจื—ื‘ื™ ื”ืขื•ืœื. ืœื—ืฅ ืคืขืžื™ื™ื ืขืœ ื”ื›ืชื•ื‘ื™ื•ืช ื‘ืื ื’ืœื™ืช ื”ืžื•ืฆื’ื•ืช ื‘ื›ืœ ื“ืฃ ื•ื™ื“ืื• ื›ื“ื™ ืœื”ืคืขื™ืœ ืืช ื”ืกืจื˜ื•ืŸ ืžืฉื. ื”ื›ืชื•ื‘ื™ื•ืช ื’ื•ืœืœื•ืช ื‘ืกื ื›ืจื•ืŸ ืขื ื”ืคืขืœืช ื”ื•ื•ื™ื“ืื•. ืื ื™ืฉ ืœืš ื”ืขืจื•ืช ืื• ื‘ืงืฉื•ืช, ืื ื ืฆื•ืจ ืื™ืชื ื• ืงืฉืจ ื‘ืืžืฆืขื•ืช ื˜ื•ืคืก ื™ืฆื™ืจืช ืงืฉืจ ื–ื”.

https://forms.gle/WvT1wiN1qDtmnspy7