Philanthropy

Effective altruism, a 21st-century movement that encourages individuals to do the most good by donating to cost-effective causes, has been damaged by the collapse of FTX, which had funneled game-changing amounts of money in its direction, and the conviction of its founder, Sam Bankman-Fried, for stealing billions of dollars from customer accounts.

Private foundations can engage in impact investing, a strategy that combines charitable giving with investments that generate financial returns and positive social or environmental impact, through program-related investments (PRIs) and mission-related investments (MRIs).

Craig Newmark, founder of Craigslist and Craig Newmark Philanthropies, has donated $100 million to enhance cybersecurity measures and create a grassroots network to protect critical infrastructure, while also offering technology training for military families.

The Milken Institute’s quest for worldwide progress continues at the annual Global Conference in L.A.