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Participatory Philanthropy
How the wisdom of the crowds can improve
and democratize the giving of
Isaac Newton 1643 - 1727
John Harrison 1693 - 1776
Philanthropy
Then
Andrew Carnegie financed
the public library system in
the US and Britain.
PHILANTHROPY NOW
JOHN D. ROCKEFELLER > THE ROCKEFELLER FOUNDATION
Who should decide how
philanthropic money is
given away?

We should.
1920’s - Columbia               Finance professor Jack
sociologist Hazel Knight        Treynor asks his 56 students
asks classroom to guess         to guess how many jelly
temperature. Their collective   beans are in a jar. Their
answer was only .4 degrees      group estimate, 871, was
off.                            only 21 off and closer than
                                all but one individual guess.




  The Wisdom of Crowds
Changemakers.net
Open sourcing social solutions
Involvement &
Expertise
- The Judges




                  - Commenter


The Crowd & The Experts
Idea Blob
Users Choose What is Funded
Organic Food Vending Machines
$10,000 to help start new business
Votes, Comments, and Advice
Knight News Challenge
$5 Million every year for innovative journalism
Who will give away his money?

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Participatory Philanthropy Crowds Wisdom Improve Democratize Giving