September 14, 2023
Today, the world is full of opportunities for making radical improvements which might otherwise be neglected by governments or markets. In fact, in what could be humanity's most dangerous and most consequential century yet, we may need ambitious philanthropy more than ever.Of course we have many reasons to be cautious of, and even cynical about, philanthropy. At its worst, it continues to be used for corporate gain; buying influence over and reliance from recipients, reputation laundering, 'greenwashing', and more. In other words, when the very wealthy do give, it is often in exchange for something else. Our hope in this report is to show the potential of another kind of philanthropy. We show what one version of ambitious philanthropy could look like: how it could enable projects to begin solving serious global problems, and ignite optimism about the potential to make a real — and very big — difference through giving.So we asked: what if the global 1% gave just 10% of their income in such an ambitious way? And, for those whose wealth outstrips their income, what if they gave just 2.5% of their net worth, aimed at making real progress? What could such a level of giving achieve? The answer is surprising: in just the first year, this would result in an increase of at least $3.5 trillion over and above what already goes to charity each year.