Successful Groups Prove Internet Is Changing Philanthropy
February 13, 2008 | Read Time: 1 minute
The Internet is changing philanthropy, The Financial Times reports. Several charities in particular are proving how the quick exchange of knowledge, the publicity of pressing social and environmental problems, and new forums for exchanging ideas are providing donors with innovative solutions for solving problems and reaching charities and individuals around the world.
Many Web-based organizations — such as Oxfam Unwrapped, GlobalGiving.com, and UniversalGiving.org — now allow donors not just to find out about causes but also to track the progress of the projects they support.
One of the most popular causes online has been global microfinance projects. Groups such as Kiva.org connect donors with individuals seeking loans through microfinance institutions. Once a loan has been made, donors can then receive e-mail updates on the progress of the loan and the impact on the borrower, emphasizing how the Internet can provide a means of greater accountability.
Carol Adelman, director of the Hudson Institute’s Centre for Global Prosperity, explains: “This new-age global philanthropy is accompanied by the benefits of technology, transparency, accountability, and hands-on directness that’s never been seen before.”
Read a transcript of The Chronicle of Philanthropy’s online discussion with Matt Flannery, co-founder of Kiva, on how social networks such as Facebook and LinkedIn are giving charities an array of new opportunities to connect with donors, volunteers, and supporters.
