Those who care about the sector should probably be a little unsettled.
Though he notes some reasonable concerns about the poor use of certain giving vehicles, John Arnold’s expectation that government regulation can fix things is off base.
Direct mail prospecting, sending letters to strangers who have a reasonable chance of being interested in your mission, remains the cheapest and most efficient way to acquire new donors.
A (merely) diversity-minded progressive donor should indeed venture with utmost caution into the unsettled new world of cultural philanthropy.
We have been here before: a debate about capitalism between clerics and capitalists occurred during preparation of a bishops’ pastoral letter on the economy in America almost four decades ago. The lay letter on the economy warrants serious re-examination given the new debates into which its concepts should be re-introduced.