11:50 a.m. That concludes that 2016 ACR Summit For Leaders! Thank you to all of our panelists for making this event a great success!
11:42 a.m. Karl Zinsmeister is talking about how the importance of government or philanthropic support can vary over time. He points toward medical research which was once funded primary by philanthropy. And while today the NIH is the predominant funder, there is still a role for philanthropy in supporting younger scientists. Currently, only 3 percent of NIH funding goes to scientists under the age of 40.
11:34 a.m. Karl is telling the story of Stephen Girard, who was once the richest man in America. And every summer, when those with means would flee Philadelphia because of Yellow Fever, Girard would not only remain, but he personally cared for the sick and dying.
11:23 a.m. In response to critics that philanthropy is too dispersed among small organizations, Karl points out that we can never know exactly where breakthroughs may come from.
11:15 a.m. Karl Zinsmeister is now joined by Doris Kreiger of Foundation Source to discuss philanthropy’s critics. In response to a question about the huge influence of the Gates Foundation, he points out that the Gates Foundation donates about $4 billion a year but Americans as a whole give away $360 billion.
10:58 a.m. Karl is telling the story of Dr. Alfred Loomis, who used his fortune to fund the scientific research that ultimately led to radar technology. His technology played such an important role in World War II that President Franklin Roosevelt said that he was only second to Churchill in helping the Allies win the war.
10:48 a.m. Our final panel, “Don’t Know Much about History,” has begun. Karl Zinsmeister of The Philanthropy Roundtable is sharing highlights from his new book, Almanac of American Philanthropy.
10:41 a.m. And the survey says….meeting community needs is the winner! Of course, the audience wanted an “All of the Above” option.
10:38 a.m. Will Heaton of the Center for Employment Opportunities is speaking about how their endowment has allowed them to go into new communities where they may not be immediate support and make an investment.
10:33 a.m. Brent Christopher of the Communities Foundation of Texas is making the case for the ability of long-term philanthropy to provide community leadership on critical issues.
10:28 a.m. Scott Callan of the Colonial Williamsburg Foundation is explaining how their endowments help us preserve our cultural heritage.
10:25 a.m. Eugene Cochrane of The Duke Endowment is explaining how their endowment has allowed them to fulfill the legacy of their donors.
10:15 a.m. The congressional panel has wrapped up and our next panel, “Money Can’t Buy Me Love,” is about to begin. Each panelist will make the case to the audience about the value of long-life philanthropy. The audience will have the opportunity to vote before the speakers make their case and following the presentations.
8:45 a.m. The congressional panel is now underway. Updates will be paused temporarily, as this panel is off the record.
8:39 a.m. Trump has already tried to start the narrative that the nomination is being stolen from him. However, Benjamin Keane notes that his campaign has not put in the ground work needed to bring people out to the polls.
8:36 a.m. There have been 10 contested Republican conventions, seven of the winners were not the leaders of the delegates.
8:30 a.m. While the Republicans faced a contested convention in 1976 between Ronald Reagan and Gerald Ford, this election is different since the remaining candidates are political outsiders. In addition, in 1976 all of the delegates were unbound, which gave an enormous advantage to a sitting president.
8:25 a.m. Benjamin Keane does not think that Donald Trump will be able to get the 1237 delegates needed to clinch the Republican nomination on the first ballot.
8:16 a.m. ACR Executive Director Sandra Swirski is interviewing Benjamin Keane of Dentons about the state of the 2016 presidential campaign. Benjamin has started by discussing the Democratic race, where Bernie Sanders has surprised everyone by presenting a real challenge to Hillary Clinton. However, while Bernie has presented Hillary with a real challenge, Benjamin notes that the math is overwhelming in favor of Hillary Clinton.
8:12 a.m. Joanne Florino is opening the 2016 ACR Summit For Leaders. The first panel, “You Can’t Always Get What Want” will begin at 8:15 a.m. and we’ll learn about what’s at stake in the upcoming elections and its potential impact on the nonprofit sector.
7:55 a.m. We are about 15 minutes away from the start of the 2016 ACR Summit for Leaders.