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Large foundations such as Gates, Buffet, Ford, and Kellogg, which safeguard and distribute the wealth of their founders. While many of these foundations can be approached by non profits looking for support, more and more they are funding projects ­initiated by their own teams.

International NGOs such as Save the Children, ChildFund, Plan International, and Mercy Corps. For the most part these ­organizations consolidate donations made by individuals and businesses and fund projects implemented by their teams around the world. Some focus on responding to disasters, and others on confronting ongoing challenges.

Multinational corporations such as Boeing and Proctor and Gamble that make contributions, either out of their marketing budgets or out of their charitable arms, in countries where they have a presence. These donations are made either to provide positive public relations for its companies, to meet the work/life needs of its employees, or sometimes just because the CEO wants to do the right thing.

BOX #2:
ExchangeEveryDay
Happy Money
July 31, 2013

Though we travel the world over to find the beautiful,
we must carry it with us or we find it not.
�" Ralph Waldo Emerson

The closing speaker for the 2013 Nexus Global Youth Summit at the United Nations, Michael Norton, co-author of the book Happy Money: The Scienceof Smarter Spending, talked about the relationship ­between money and happiness. His research team at the ­Harvard Business School performed a series of experiments in which they gave individuals walking down the street, on sports teams, and on sales teams, envelopes with $20 bills. Half of them were told to spend the money on themselves in the next five hours, and the other half were told to spend it on someone else or on a teammate. Then at the end of five hours the researchers called and asked them if they were happier, less happy, or the same as they had been five hours before.

Every time the experiment was conducted, whether in the US, the UK, or in Uganda, the results were the same. The individuals who were told to spend the money on themselves were no more happy or less happy than before �" their level of happiness did not change. Those ­individuals who were told to spend it on someone else ended up being more happy than before. Interestingly, when individuals were told to spend the money on teammates, not only did the individuals spending the money feel happier, but also their teams performed
better over a sustained period of time.

Norton’s conclusion is that money can bring you happiness if you spend it on someone else. Giving money away is more satisfying than spending it on yourself.








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