PHILANTHROPY | The demise of Wyclef Jean’s Haiti-focused foundation has taken on an aura of tabloid scandal thanks to some truly bizarre claims made by the singer coupled with huge sums of wasted money. But beneath the drama, Arabella Advisors’ Chris Hobbs – who directs the New Venture Fund - points out that there are philanthropic lessons to be learned about the benefits of fiscal sponsorship (Greater Good, 10/17):
To realize the impact he presumably wanted, Jean could have housed an initiative benefiting Haiti within a fiscal sponsor and lent his name to support it. In doing so, the sponsor would have provided oversight, and the $16 million that Yele largely squandered could have actually benefited Haitians.
Those with varying philanthropic goals, from celebrity social entrepreneurs to institutional foundations, can benefit from a fiscal sponsor. The real payoff comes in more effective and efficient philanthropy across the industry, which in turn yields greater impact.
HIV/AIDS | The District has launched a new program that targets older adults, a demographic that represents 40 percent of the HIV population in the city but doesn’t necessarily consider risks in the way younger people do (WTOP, 10/18):
Some seniors are less comfortable discussing sexually transmitted diseases, yet they’re engaging in the same risky behavior that adolescents do that lead to HIV infection, said Michael Kharfen, who oversees outreach for the Department of Health branch tasked with HIV and AIDS programs.
REGION | When Metro was extended to Capitol Heights three decades ago, the connection to D.C. was expected to spark huge growth in the neighborhood. It didn’t, but hopes are high that a planned WalMart store might have the effect that community members once hoped for with Metro. (WaPo, 10/18)
EDUCATION | A few thousand Montgomery County parents are pushing the county to move the start of the high school day from 7:25am to 8:15am. Research shows that the extra sleep would be beneficial for teens. (Examiner, 10/18)
ECONOMY | Greater Greater Washington is running a five part series on the importance of housing for our region’s economy. The second part was posted today and says, “The region needs more than 700,000 new housing units by 2030.” (GGW, 10/18)
SEQUESTRATION | ‘Fiscal Cliff’ Impact In Maryland Will Be Very Grim, General Assembly Analysts Say (HuffPo, 10/18) “‘The Maryland economy would go into a recession,’ analyst Theresa Tuszynski told lawmakers.”
If you’ve never heard the legend of the Comte de St. Germain, here’s a good primer for you. Was (is) he an immortal alchemist? Or was he a scam artist? Umberto Eco made him a central character in the fantastic novel Foucault’s Pendulum, and he’s rumored to have shown up at various key points in history.
We won’t have a Daily tomorrow, so I hope you all have a great weekend!