A new podcast asserts that to determine which charities and philanthropic organizations are most effective, rigorous research should be the basis for making a new decision. Caroline Fiennes likens nonprofits to "medieval medicine, where the doctor doesn't really know either". Ms. Fiennes, an author, physicist and the founder of Giving Evidence, an organization that promotes philanthropic practices based on data, makes these claims on The Business of Giving podcast.
In the podcast below, Fiennes discusses research that shows why charities with high overhead are actually more effective than those without. She also explains why charities should never do research to promote their own effectiveness and shares data on whether the impact of their donations really impacts donors.
You can listen to the entire podcast below.
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Here are the star companies that have succeeded in their corporate social responsibility (CSR) programs. The companies were gathered by Civic 50, a national initiative to survey and rank S&P 500 corporations on how they engage with the communities they serve and utilize best practices in their corporate cultures.