As a member of Fast Company’s Impact Council, Bonterra Chief Executive Officer Scott Brighton contributes thought-provoking articles focusing on how technology can empower the future of social good.
“In 1970, the world was different. Push-button phones were new. Computers were too large to fit in homes, let alone in our pockets. Rocket innovation had just made human space travel possible, sharing a new perspective with the world via television. Now that same level of innovation is changing the world in a new way: tech-driven breakthroughs to bring about the greatest societal good impacts.
Unfortunately, one thing hasn’t changed since 1970: Charitable giving has remained stagnant at around 2.5% of our national GDP—factoring in both donations and volunteer hours.
However, ending the stagnant era of giving could have incredible effects even just by increasing the contribution percentage to 3% of the U.S. GDP. That extra 0.5% would raise or increase volunteering activity by more than $583 billion every year. That kind of money could bring monumental shifts including: approximately $177 billion could bring every American above the poverty line for a year; with approximately $79 billion, yearly public college tuition could be free.
So, why are we stuck?”
To read Scott Brighton’s full article, visit Fast Company
https://www.fastcompany.com/91221064/how-to-end-the-50-year-stagnated-era-of-charitable-giving
