kaal:claim:4685567-009

The absence of an efficient marketplace lets big dollar donors hijack the priorities of impact intermediaries such as foundations, donor advised funds, NGOs and fiscal sponsors, producing a feast or famine pattern for fundable projects.

Because of the lack of an efficient marketplace, impact intermediaries, such as foundations, DAFs, NGOs, and fiscal sponsors, among others, often experience their priorities being hijacked by big-dollar donors. This often results in a feast or famine situation for fundable projects in Impact 1.0.

Wulf A. Kaal, Impact Investing Innovation - From Impact 1.0 to 3.0 (2024), Impact 1.0, p. 12
https://ssrn.com/abstract=4685567 · source PDF

Wulf A. Kaal, Impact Investing Innovation - From Impact 1.0 to 3.0 (2024). SSRN: https://ssrn.com/abstract=4685567

• intermediated philanthropy without a central marketplace

failuresupport: arguedfailure: Priority Hijacking by Large Donorsfamily: plutocratic-captureregulatory-failure

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