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Billionaire Offers Tips; Some Will Surprise You

This post was originally produced for Forbes.

Ranked #369 on the Forbes list of billionaires, Shari Arison is passionate about doing good business–and she means good.

Her bestselling book Activate Your Goodness shared her take on the impact of doing good on people. Her new book, The Doing Good Model, provides a thoughtful look at 13 values that are intended to help business leaders rethink their impact on individuals, their communities and the globe.

One of the most intriguing values that Arison puts forward in her book is “purity.” She explains it in the book, “Think of the many types of behavior that can affect you as a human being as well. For example, you might ask yourself, what am I putting in my body–is this good for me or not? What am I listening to? Is it something that is uplifting like music, or is it gossip that is unkind?”

Her thoughts on volunteering sound conventional to nonprofit leaders, I suspect, but may strike business leaders as a flash of insight. She says in the book, “The most motivated volunteers are the ones with passion for the cause.”

She goes on to share an anecdote to make an important point.

A funny thing happened to me right after I was talking to my editor on the phone going through this chapter on volunteering. I was called away and needed to rush out to a meeting outside my office. I went to another office building, and when I came out of my meeting, in the elevator on the way down, there was a husband and wife talking. The woman said to her husband, “Isn’t it amazing tha the doctor goes to Africa every six months and volunteers his time to perform surgery?” She went on to say, “Do you know he’s an eye doctor?” I smiled to myself as I was walking out of the elvator, thinking abou what a coincidence it was that I was just writing about volunteering. So you see, as I said, one can volunteer basically anywhere in the world, according to one’s talents, passions and time.

On Thursday, May 21, 2015 at noon Eastern, Arison will join me for a live discussion about The Doing Good Model. Tune in here then to watch the interview live. Post questions in the comments below or tweet questions before the interview to @devindthorpe.

More about Arison Group:

Arison Investments, the Arison Group’s business arm, houses companies that provide responses for the basic human needs of large populations, while yielding high financial returns. Shari Arison directs her businesses to maintain a diversified portfolio of ventures that have moral responsibility at their core. Arison Investments business companies include Bank Hapoalim, Shikun & Bunui, Miya and Salt of the Earth.

Shari Arison

Arison’s bio:

Shari Arison is an American-Israeli businesswoman and philanthropist, owner of the Arison Group that operates in more than 40 countries across five continents to realize the vision of Doing Good. Its business arm, Arison Investments, operates in the fields of finance (Bank Hapoalim), infrastructure, real estate, and renewable energy (Shikun & Binui), salt (Salt of the Earth), and water (Miya). Its philanthropic arm, The Ted Arison Family Foundation, houses the organizations Essence of Life, Goodnet, All One, and Ruach Tova that operates Shari’s global initiative Good Deeds Day. She is repeatedly ranked by Forbes as one of the most powerful women in the world, and as one of the world’s greenest billionaires. In 2013, Shari was named Honorary Doctor of Humane Letters by George Mason University.

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Charity Fraud Take Away #1: Don’t Stop Giving! Plus 3 Tips For Smart Giving

Today, the Federal Trade Commission announced a joint complaint with all 50 states and the District of Columbia against four nonprofits that were reportedly operating as anything but legitimate charities.

The four organizations named in the federal court complaint are Cancer Fund of America, Inc. (CFA), Cancer Support Services Inc. (CSS), their president, James Reynolds, Sr., and their chief financial officer and CSS’s former president, Kyle Effler; Children’s Cancer Fund of America Inc. (CCFOA) and its president and executive director, Rose Perkins; and The Breast Cancer Society Inc. (BCS) and its executive director and former president, James Reynolds II.

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It is tempting today interpret this news as suggesting that
you shouldn’t give to nonprofits because there is no way to tell the good ones
from the bad. That is simply false! Not only can you tell, it isn’t that hard
to tell.

Here are a few quick tips:

1)     
Give to organizations you know.
There are
countless well known charitable organizations that have been vetted every which
way to Sunday, that have great reputations, including Doctors Without Borders,
American Red Cross, The Nature Conservancy and many others. Giving to
organizations you recognize and can trust is a safe way to continue giving.

2)     
Go to work.
Most organizations that are
legitimate need volunteers; be one. When you give your time to an organization
you get to know more about them than you could ever learn online. If you don’t
want to volunteer for an organization, you probably shouldn’t be giving them
your money anyway. If you think you’re ready to give, you should be willing to
donate a few hours first. This is a great way to not only do your due diligence,
but also to double the impact of your money.

3)     
Check Charity Navigator.
There are a number of
online resources for vetting nonprofits. None of them is perfect, but if you
are asked to give to an organization that you haven’t heard of before, visit
charitynavigator.org and search for their name. For many organizations, you can
quickly see the Charity Navigator star rating (on a scale up to five) and key
metrics like the percent of funding spent on programs versus administration and
fundraising.

Whatever you do, don’t stop giving. Resolve to give more and
give smarter instead.

Jesuit Colleges Jump Into Social Entrepreneurship

Dr. Thane Kreiner of Santa Clara University, Center for Science, Technology, and Society leads the program to establish social entrepreneurship programs at Jesuit colleges across the country.

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According to a publicist, Santa Clara U’s Global Social Benefit Incubator, which taps into Silicon Valley expertise to help social entrepreneurs in third world countries, has spawned 202 enterprises, impacted nearly 100 million people. Forty percent of the social enterprises they have worked with are scaling and financially stable and 90 percent are still in business. They have helped Social Enterprises raised $89 million. Now, the GSBI® Network, a growing group of Jesuit universities and other mission-aligned institutions with a common focus on leveraging social enterprise for social benefit, is multiplying the incubator’s impact by sharing curriculum, methods, best practices and other resources for launching and operating social enterprise incubators and accelerators.

On March 31, 2014 at 5:00 Eastern, Dr. Kreiner will join me for a live discussion about the growing social entrepreneurship program.

Tune in here then to listen while you work.

Dr. Kreiner’s bio:

Howard and Alida Charney University Professor of Science and Technology for Social Benefit
Thane Kreiner, PhD, is Executive Director of the Center for Science, Technology, and Society at Santa Clara University. Thane was previously Founder, President, and CEO of PhyloTech, Inc. (now Second Genome), which conducts comprehensive microbial community analysis for human health applications. He was Founder, President, and CEO of Presage Biosciences, Inc., a Seattle-based company dedicated to bringing better cancer drugs to market. Thane was the start-up President and CEO for iZumi Bio, Inc. (now iPierian), a regenerative medicine venture based on the break-through iPSc (induced pluripotent stem cell) technology. Prior to his efforts as a “parallel entrepreneur”, Thane spent 14 years in various senior leadership roles at Affymetrix, Inc., which pioneered the DNA chip industry. Thane currently serves on the Board of Directors for the BioBricks Foundation and as a Board member for Didimi, Inc.. Thane earned his MBA from the Stanford Graduate School of Business; his Ph.D. in Neurosciences from Stanford University School of Medicine; and his B.S. in Chemistry from the University of Texas, Austin.

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