Philanthropy Roundup: September 2018

Andrew Viterbi gift to UC San Diego
Andrew Viterbi of La Jolla donated $50 million to the UC San Diego School of Medicine in honor of his father’s legacy.

If you’re a philanthropist, your schedule might make it hard to keep up with the latest news, topics and emerging trends in the world of giving back.

That’s why we’re making it easier for you to stay current.

Our “Philanthropy Roundup” posts highlight stories – at the local and national level – that are valuable to our readers and will keep you up to date in the world of philanthropy. Check out the articles below.

Philanthropy Roundup

Effective Philanthropy: How to Be More Strategic About Giving
Americans tend to be very charitable. Historically, charitable giving as a percentage of GDP has consistently hovered around 2 percent. In 2017, giving amounted to more than $400 billion, according to Giving USA. Yet, most of us don’t really understand the impact that our donations have on the causes we choose to support. After the check is written, where does the money go? Strategic philanthropy is a way to give more effectively.

“A Moral Imperative.” Exploring the Idea of Donor-Funded Free Tuition
Inside Philanthropy
For donors concerned about the growing student debt crisis, the most obvious solution is simply to make college free. It frees students from debt, while bolstering a school’s competitiveness and brand. Donors already have long track records of making higher education more accessible for some students by backing scholarships. But the idea of free tuition for broader segments of the student population has lately been gaining more traction in the donor community.

Communications Pioneer Gives $50 million to UC San Diego for Ophthalmology Research
The San Diego Union-Tribune
Fleeing fascist Italy in 1939, ophthalmologist Dr. Achille Viterbi, arrived in the United States faced with the daunting task of restarting his career. The physician never managed to regain the kind of financial footing that would have allowed him to fund exciting new research. Not to worry. His son, Andrew Viterbi of La Jolla, has that angle covered with a donation valued at $50 million to the UC San Diego School of Medicine.

A Regional Philanthropy Summit Dives into Giving with a Gender Equity Lens
Inside Philanthropy
Diversity, equity and inclusion are topics that permeate the world of philanthropy these days. Earlier this month, San Diego Grantmakers held the Gender Equity Summit, designed for staff, trustees, philanthropists and investors. The summit focused on pressing gender equality issues, including workplace equity, the negative effects of gender norms, LGBTQ health disparities and women in STEAM.

Philanthropy Bets Big on Sustainable Development Goals
Stanford Social Innovation Review
The United Nations made headlines around the world in September 2015 when it adopted an ambitious set of 17 Sustainable Development Goals (SDGs) that aim to end extreme poverty, protect the planet and ensure health and prosperity for all by 2030. Delivering on these goals won’t come cheap. The UN estimates that it will require an additional $2.5 trillion in funding each year above what is currently being spent by government, business, and philanthropy.