subscribe
back issues
reprints
contact us
Wealth in Perspective
Wealth Management
Thought Leaders
Money and Meaning
Passion Investments
Wealth Management Sourcebook
Multifamily Office 2008
Previous Issues Index
/ Home / Editorial / Money & Meaning / Philanthropy /
Visions and Revisions
Unfinished Business
12/01/2006

By the anniversary of Hurricane Katrina, foundations and corporations had donated nearly $600 million for recovery efforts along the Gulf Coast, but the initial outpouring only funded the first steps toward healing the stricken region. As philanthropists increasingly turn their attention—and capital—elsewhere, James Joseph is seeking to keep the capital flowing. Joseph is chairman of the Louisiana Disaster Recovery Foundation, launched after the hurricane by Governor Kathleen Babineaux Blanco to foster economic and social equity during the rebuilding process. In his role, Joseph raises private money for, and public awareness of, ongoing recovery and reform efforts in his native state. The former president of the Council on Foundations and U.S. ambassador to South Africa (1996–1999) lives in Durham, N.C., where he is a professor of public policy studies and executive director of the United States-Southern Africa Center for Leadership and Public Values at Duke University. Joseph spoke with Worth executive editor Matt Purdue about the challenges of fundraising and the future of New Orleanians and their neighbors.

How were you personally affected by Katrina?

My hometown, Opelousas, is on one of the higher spots in Louisiana, of which there aren’t many. It was not affected directly by the storm, but it was affected by the large number of displaced people. I can remember talking to my brother, and he told me that the parking lots were full, and he couldn’t move on the streets because of all the people who were fleeing Hurricane Katrina, and then, later, Rita.

You have stated that the true driver of philanthropy is never losing a sense of outrage. How does that apply in Louisiana?

A lot of people were outraged by what they saw—and so they gave money and moved on to other things. We want them to sustain some sense of that outrage, and to recognize that this wasn’t a once-in-a-lifetime event that occurred and has passed; it’s a process that continues into the future in terms of responding to the need. All around the country, we do press interviews, editorial board briefings, everything we can to try to keep this on the minds of the American people, to remind them that the business of the Gulf is not finished.

The public sector promised New Orleans tens of billions of dollars in assistance. The city has only received a small fraction of that.

I was in New Orleans in August, and we had a town hall meeting with the police chief, the mayor and a number of other folks affected by the storm that was broadcast on public television. They were wondering where this money is, because they haven’t seen it appropriated.

Yet, although the levee system has been plugged, the Army Corps of Engineers recently admitted that the infrastructure for flood control is a system “in name only,” and more work needs to be done.

Nothing is really sufficient until we secure those levees. It was a man-made disaster because almost 80 percent of the damage came about because of breaks in the levee. Those breaches would never have occurred if they had been engineered soundly.

That’s where the billions of dollars come in. To get the displaced people coming home to invest in New Orleans and make workers available for its economic growth, we need to make them feel that they’re secure and that the levees have been built to their appropriate standards. We would certainly like to see the levees improved.

But there will be life in New Orleans. There may not be a Lower Ninth Ward of the same capacity as before Katrina, but life has resumed in the city. You’re beginning to see a reassertion of the cultural vitality of the place, though a lot of the low-wealth people were the ones who fueled that culture.

How do you respond to donors worried about supporting projects that could bring residents back to a dangerous flood plain?

It’s not simple. I can sit back and be an armchair critic, but I face people who say, “We’ve lived on this block for several generations,” and see the comfort they get from a sense of place in this time of posttraumatic stress. They are uplifted by their sense of place. So it’s very difficult to say to them, “While we respect your rights as an American citizen to own property, we are now going to say you can’t live there.” There are two goods in conflict: How do you resolve the moral dilemma, as well as the political dilemma? Do you play God and say you can’t live there?

1 | 2 | >>
Printer Friendly Version  Email a Friend
 
Get a FREE ISSUE and a FREE GIFT

Simply fill out this form to receive a complimentary issue of Worth and a FREE gift ("The top 25 Questions for Your Private Banker"). If you like the magazine, you’ll pay just $36 for 5 more issues (6 in all). If it’s not for you, you can return your invoice marked "cancel", and owe nothing. The FREE issue and FREE gift are yours to keep.
Name
Address
Canadian orders click here
International orders click here

Unsubscribe from subscription emails click here
 



Family Office Wealth Conference