Vocab Flashcards
Aspiration Gap IMPORTANT
The difference between wealthy donors’ goals to effect broad global change and the actual targets of the most generous giving
Activist
An individual who works to bring about social change
billionaire
a financially elite individual who has personal assets worth at least one billion dollars (or francs, pounds, etc)
Charity
An organization that is established to raise funds and provide help to those in need
Conflict of interest
a situation in which a person has a competing loyalties or personal interests
Cost-effective IMPORTANT
Able to be achieved at a reasonable expense (Step 4)
entrepreneurial
The quality of taking financial risks with the hope of producing a profit
Funding
money provided for a specific purpose
Fundraising
The process of generating funds for a charity or other cause
Invest
Providing money with the expectation of generating a profit or some other desired result
grassroots organization
a small group that acts in the interest of local community based needs
Inequity
Lack of fairness or equal treatment
Investor
an individual or organization that invests money with the goal of generating a profit
philanthrocapitalism IMPORTANT
a recent approach to philanthropy that uses established business practices to more effectively address global challenges
Scientific philanthropy
charity giving to encourage ongoing advancements and discoveries in the sciences
