J.R.’s Zaphne Blog News for 01-29-2018

Compassionate Capitalism

Foundations in Florida and around the United States have not held their end of the bargain. Florida is one of the most which Florida’s ten largest foundations are giving grants to depends on all its communities receiving equal minority-led organizations. Some background information on Florida’s Florida’s minority population increased by 4.6 philanthropic community and percent from 2000-2006.1 Not only has the recommendations for some next steps that minority population continued to grow, but so foundation leaders and community leaders can has the number of minority-owned businesses. Purpose The primary focus of this study was to quantify the Three of Florida’s top foundations focus solely on percentage of domestic grants awarded by Florida’s top education grants, one gives grants to organizations in ten foundations to minority-led Israel only, and another has willed restrictions as to which nonprofit organizations in 2006. Recommendations Florida’s increasing diversity provides an opportunity for Background on Florida Foundations The Foundation Center’s report, Key Facts on Florida the state’s top foundations to increase their grant-giving Foundations reports that 3,874 foundations headquartered many of the top foundations’ grant dollars are leaving the in Florida held more than $19.2 billion in assets in 2006. To increase the level of philanthropic investment in The majority of Florida’s foundations are small; 62% of Florida: to minority-led nonprofits. Foundations should track diversity information for They are also relatively young; half of all Florida foundations have been established since 1995. Foundations should work together with the leaders of organizations by Florida’s top ten foundations was 5.48 minority-led nonprofits to work together and create a percent of its grants and 6.98 percent of its grant dollars. Introduce legislation in Florida to mandate transparency in foundation diversity. Greenlining defines a foundations, each foundation was contacted 50% or more of the organization’s staff through a mailed letter, asking for their input consists of minorities, on the study. Out of the ten foundations We present in this report the percentage of all contacted, only one, the Jessie Ball DuPont grant dollars given by each foundation in 2006 Fund, agreed to participate in the survey. Limited to, the grantee organization and the amount of the grant was obtained from each When categorizing the organizations grants foundation’s publicly-available 990-PF tax given to government agencies, universities, forms.

Keywords: [“Foundation”,”Florida”,”Organization”]
Source: http://www.fmcrc.org/greenliningfloridafoundationstudy.pdf

Mother Teresa’s Ferrari

What if Mother Teresa drove a Ferrari? That’s the premise of an essay by D. A. Wallach to support his claim that compassionate capitalism is a scam. I’ve thought a great deal about compassionate capitalism and its many synonyms, what it means and how we who are critical of it ought to respond. If your goal is to galvanize the public into action, to provoke them into opposition to, for example, compassionate capitalism, the surest way is to frame your argument to appeal to values that are widely held among your audience. If compassionate capitalism contravenes these values, it will presumably generate outrage, calls for reform, boycotts, and other forms of activism, and you as a writer can feel good knowing that you are making a difference. If you as an opponent of compassionate capitalism can identify an obvious value among the public that would encourage their opposition, you can be fairly certain that proponents of compassionate capitalism have also identified it, and are well prepared with counter arguments. Compassionate capitalists have a response at the ready: doesn’t this social convention limit the amount of good that can be done in the world? Does it really make sense to be more forgiving of someone who bought a Ferrari through stock market speculation than someone who did it by giving millions to the poor? Only a theologian would suggest otherwise. The rhetoric of compassionate capitalism seeks to remove the traditional wall between altruism and egotism, allowing non-profits to become more like conventional businesses without hurting their “Brand equity” as charitable endeavors. What’s interesting about this is that it’s a generic statement about how capitalism works, but it’s invoked as if it’s a distinctive feature of compassionate capitalism. The emphasis on greed mischaracterizes the nature of capitalism, and in an abstract debate about whether capitalism is good or not, it would be rejected by its defenders as inaccurate and unfair. The socially conscious entrepreneur concedes this caricature and then claims “But I have created a new, more compassionate version!” And what is this new version? Simply capitalism as it has always been practiced, but now with an aura of virtue and progress for seeming to have reformed itself. Compassionate capitalism moves us backwards. Even if its philanthropic efforts are genuine and sincere, capitalism practiced out of compassion is worse than the self-interested version because it weakens our ability to address the root causes of pressing social problems.

Keywords: [“capitalism”,”compassionate”,”non-profit”]
Source: http://www.metareader.org/post/mother-teresas-ferrari.html

Some exceptional governments have adopted public policies that have alleviated the economic disparity in their communities by combining strategies and ideologies from two diverse political systems: capitalism and socialism. The information used for the study is based on the most recent international reports and global circumstances of the international economic system; it is focused on global wealth distribution, income distribution, economic growth and development and the social patterns associated with them. 3.1 The concepts: Economic Growth and Development Every nation in the world seeks to create, promote, and improve social development for their societies. Economic growth may im mply improvem ment in humann developmentt as well, but m mainly under ciircumstances where w economic income is resoourcefully channneled into groowth of humann welfare. If we look at the scoppe of this economic theory on a smaller scalle, we see how w capitalism prromotes the huuge economic disparity betw ween rich and poor people. On the one hand, they can have great assets in terms of productivity and/or economic efficiency – bringing them closer to the northern scale – while, on the other hand, they face other vulnerability factors, which causes them to remain significantly behind the north, and therefore, more related to the underdeveloped world. The world has resorted to a co-dependent, cyclical economic structure that only “Works” in terms of domination – subordination co-relations. Demographic explosion, mass migration, and ageing are direct consequences of capitalism, and they empower economic inequality. What capitalism once reaped as human benefits are now becoming the critical dilemmas that must be solved in order to allow the economic system to survive. 2, No. 4; 2017 why we insist on the imperative necessity for economic intervention from the state: it is the only way to diminish corporate power and cause compassionate capitalism to flourish. In the wake of the 21st century, TobinĀ“s proposal was again taken up by those against free trade and globalization, referring to it as a feasible alternative for driving development, alleviating economic scarcity and global income distribution disparity. At the same time, the Economic Commission for Latin America and the Caribbean backed the idea of a global financial and/or monetary transaction taxation, which would begin profoundly reforming the international financial system and its institutions, diminishing financial vulnerability and maintaining stability.

Keywords: [“economic”,”capitalism”,”world”]
Source: http://journal.julypress.com/index.php/ajsss/article/download/262/212

J.R.’s Zaphne Blog News for 01-29-2018

Compassionate Capitalist

Once one of Atlanta’s most desirable locations when it was built in 1964, Shamrock Gardens had lost its sense of community by the time Managing Partners Brent Sobol and Robert Holtackers of TORO Properties Group purchased w w w. n a a h q. o r g the ailing property in October 2006. Just two years later, the results of the TORO team’s turnaround are a stark contrast from the original community it acquired. After a $1.5 million renovation and repositioning, Shamrock now boasts amenities including a community center, a renovated playground, upgraded landscaping and onsite daycare. The secret to TORO’s success at Shamrock Gardens was not luck, but rather a combination of a proven turnaround process and a passion for improving people’s lives through re-building communities. “So we started focusing on multifamily and sold the HomeVestors franchise in 2006.” Creating Community It was Holtackers who first spotted the 118-unit, 1960s brick apartment community in a newspaper ad. Towers Garden, located in Decatur, Ga., was a community in much need of a transformation. Using only private funds, the TORO team took the severely neglected, crime-infested property with poor financial performance to a fully occupied, well-kept affordable housing community with a return on investment of 300 percent. W w w. n a a h q. o r g After “They have told us that when we take on a project, they like that we strive to change people’s lives for the better. We call it the ‘double bottom line.’ There is the ROI, but there is also the more intangible, less quantifiable benefit to the four partners.” “You can learn what is important to the residents and incentivize them to care about the community and foster a sense of community spirit.” Robert Holtackers Managing Partner, TORO Properties Group The Going Gets Tough Repositioning a community is a process fraught with unexpected roadblocks and challenges, and Shamrock Gardens was no exception. Soon after acquiring the property in the fall of 2006, the TORO team realized it had underestimated the level of crime that had permeated the community. “Too many developers are willing to walk away when they hit a speed bump. We felt a sense of commitment to our residents, employees, community and financial partner.” By fall 2007, the team reaped the fruit of their labor with improvement on all fronts. “The first phase is damage control and assessment. The second phase is the heavy lifting and implementing the business plan. That takes the longest. The third is stabilization, where you look to improve the processes so when another buyer eventually takes over, it runs like a well-oiled machine.” Today, Sobol and Holtackers have implemented the third phase of the process for Shamrock Gardens and are in discussions with prospective buyers for the community. Several community leaders and some of the prospective buyers have urged Sobol and Holtackers to continue managing the community after the ownership change. 48 UNITS December 2008 Atlanta and keep Shamrock Gardens as a shining example of a transformed and vibrant community.

Keywords: [“community”,”Sobol”,”Holtackers”]
Source: https://toroproperties.com/documents/capitalists.pdf

What is Compassionate Capitalism and Why We Need it in These Times of Planetary Crisis ?

What is Compassionate Capitalism and What Does it Entail for us? This form of capitalism which is sometimes called Compassionate Capitalism or Capitalism with a human face is finding many takers both in the developed Western world and in the developing and emerging world in Asia and Latin America. Compassionate Capitalism means that corporations have to account for the costs that they impose on the environment, the communities that lie in the vicinity of their factories and plants as well as offices, their employees whom they have to treat with more kindness, and the consumers and other stakeholders to whom they must be accountable. In other words, corporations must practice a variety of capitalism that is more humane, compassionate, and just and fair. Thus, Compassionate Capitalism not only needs a complete rethink of the existing paradigm of profit before people but also needs a retooling of the principles underpinning it to place people before profit. The proponents of Compassionate Capitalism make a case for not externalizing the environmental and ecological damages that corporations which mean that such damages should no longer be treated as “External” to the costs of doing business and hence, not needing to be included in the costs of doing business. While this might seem idealistic and Utopian, it needs to be mentioned that in these times of planetary crisis where the Climate Change is threatening the very existence of civilization, where gross income inequalities and the obscene wealth gap is leading to social unrest, and where the ever accelerating technological change threatens the social contract on which our relations with the world are based, Compassionate Capitalism is no longer an abstract and remote concept, but something that we need on an urgent basis. Having said that, there are those and who are in the majority at the moment, who dismiss all this talk of Compassionate Capitalism as Hot Air or Bombastic and Ideological nonsense that does not take into account the ground realities of how capitalism and business work. When one compares and contrasts the arguments for and against Compassionate Capitalism, we find that there is much Hubris among those who oppose this form of capitalism, and much Naivet, among those who support it. The point to be noted is that we are now at a stage where a New Narrative has to emerge that can hopefully reconcile the differences between the dominant model and the minority view that espouses Compassionate Capitalism. This means that we need the case for Compassionate Capitalism to arise from within the ranks of those who practice capitalism and not from those who are well meaning but not in a position to change the Status Quo. Already, this is happening to a certain extent in the West and East as well with prominent Technology Sector business leaders such as Bill Gates, N R Narayana Murthy, Elon Musk, and Mark Zuckerberg, espousing some or more of the strands of Compassionate Capitalism ideology and coming in support of Basic Income for All, Protecting the Environment, Reducing Inequality, and batting for more Gender Inclusivity.

Keywords: [“Capitalism”,”business”,”Compassionate”]
Source: https://managementstudyguide.com/compassionate-capitalism.htm