The Money Show’s Bruce Whitfield interviewed Shelagh Gastrow (Director of philanthropy advisory service GastrowBloch Philanthropies and outgoing Executive Director of Inyathelo) for his weekly "The Science Of" feature.
Gastrow spoke about a new report entitled “Form and Function”.
The report reflects the research undertaken into the governance, financial management and the grant making practice of 21 South African philanthropic foundations (including Oppenheimer Memorial Trust, the Millennium Trust, Ackerman Family Foundation and the Shuttleworth Foundation) during the course of 2015.
This report was to assist existing foundations, as well as emerging entities, to benchmark their practice.
Scroll down for quotes from the audio below.
Philanthropy has become professionalised.— Shelagh Gastrow
We call people such as Bill Gates ‘philanthro-capitalists’.— Shelagh Gastrow
The wealthy South African families I’ve engaged with are very sincere.— Shelagh Gastrow
The 21 foundations we researched gave about R760 million in total.— Shelagh Gastrow
The banks are incredibly secretive.— Shelagh Gastrow
If an organisation isn’t building relationships not much will happen.— Shelagh Gastrow
There is no substitute for building trust through relationships.— Shelagh Gastrow
Philanthropic money can’t replace government funding. And nor should it.— Shelagh Gastrow
We may be going into a bit of a slump.— Shelagh Gastrow
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