Daan Week: The Joy of Giving Away

The Art of Giving – CNBC 18 Program

Having liked the program after watching it fleetingly on TV, I saw all the four segments here. Its topic of my interest.

Here is the text of the conversation made randomly. Though not verbatim, it would help in reinforcing your understanding after watching the program. Hence it is posted here for whatever value it has:

·         Menaka Doshi asks three philanthropists Rakesh Jhunjhunwala, Amit Chandra and Dr Devi Shetty.

·         October2 - October 8, every year is celebrated as The Giving Week: Rich - < 5%: Azim Premji, Anil Agarwal, Kiran Muzumdar,

·         Important causes and efforts:

·         Rakesh Jhunjhunwala – 25%: Agusta to teach science to rural – curiosity – noble cause – cost effective model – Rs 125 per student – Olympic Gold: How do you identify the causes – Medium or long term: no formal organisation: 20-25 Crores; Crusade or the crusader: Leading the cause – Intention. By 2022 – RK plans to give Rs 5000 Crore.

·         Education:

·         Child Care: Tata Cancer Hospital, Calcutta

·         Impact – poor education

·         Source of all prosperity – equality of mankind is a dream, equality of education –

·         Amit Chandra – How much proportion: 75% of Income, Lumpy, 30% of time,

·         Talk me to through: Jay Vakil (keep connection), Ashoka University, Work in progress.

·         Emotional cause: People connect: for the cause & the people the cause.

·         Transformational in nature. Social Cause: Once you start, another 10 will start.

·         Once an institution is started, Excellence will be evident: When people can do it, I can do it.  

·         Engagement is continual. Wealthy people: Oversee:

·         How can you explain to make other to contribute: Just alleviate around you.

·         Give India: Payroll: Rs 150 per month. Transforming:

·         Journey: Start the journey: Question it >

·         Dr Devi: How more Indian philanthropic can become: Giving away: 600-800 heart diseases per day: have a heart: sponsoring heart operations: 100 heart surgeries in a month: Tide of giving: Bring people together: Indian are not the same as 10 years:

·         Model: Scale: as opposed to incremental basis:

·         For profit business: use the ability offset the cost : How has scale enabled to approach

·         12% of heart operations are done by Heart surgeries:

·         Uday Fateh: 2000 Children in West Bengal: Brightest kids: Good of studies & passionate to become doctors: Rs 500 per month: chosen: mentor:

·         Outstanding doctors from the world: 24 hours per day : change the game of deprived background: change the rules of the game: Collaborative philanthropy:  

http://www.youtube.com/watch?v=k7dNxpdXBAY

Segment 2:

Having liked the program after watching it fleetingly on TV, I saw all the four segments here. Its topic of my interest.

Here is the text of the conversation made randomly. Though not verbatim, it would help in reinforcing your understanding after watching the program. Hence it is posted here for whatever value it has:

Mr Amit: How do you tackle the issue of Scale: Collaborative endeavour: 12 Corporate families: Remarkable change: Collaborative philanthropy: Children’s Hospital: One family – 1 Ward: committing capital, helping families get together: Credibility & comfort:

Ashish Dhavan: World Class Ashoka University: How do you make: Being at a right place at right time: Dream must have excellence in it, Excellence attracts lot of attention: Ramji Curiosity:  People who stand for excellence for what they do:

Present generation is thinking different, unlike earlier wealth was consumed or given away as inheritance:

Causes come with the credibility of the person:

The joy of giving: Try & measure the Impact: don’t mean to sound this commercial:

Agasthya: People eat rats: Believe in the cause & the person behind the cause: Don’t measure things by audits:

Human Character involved in the cause: Person is self less:

Tata are in the forefront of charity in India:

Chose the cause, chose the right organisation: choose the crusader: chose the right people: open up your heart: easier:

CSR funding: Companies are used to measure: matrices: People are getting back for what it’s worth: GPS ROE: Clear to the donor; most causes they do: Business not for profit

Venture Capitalist Vs Equity:

Visible:

Education: What is my pass rate: EI educational kids:

Two Approaches: Choose Interest in something around you; Piggy back:

You trust them:

Largest donation: Warren Buffet:

No auditing of the outcomes, just get sense & feel of work that is happening. Often just making sure that you are working with people who are credible & have ability & desirability to get engaged in what is being done is good enough.

http://www.youtube.com/watch?v=UbRh2OPzYJo

Segment 3:

Having liked the program after watching it fleetingly on TV, I saw all the four segments here. Its topic of my interest.

Here is the text of the conversation made randomly. Though not verbatim, it would help in reinforcing your understanding after watching the program. Hence it is posted here for whatever value it has:

How do we get more Indians to get involved –

Two ways: Individual Philanthropy & CSR - Comply or explain: CSR is slated to grow exponentially. Big game changer.

Prompted by Sense of organisation to philanthropic; Sense of structure outcome

Trust levels get enhanced:

Measurement: Giving of wealth of God: Failure: Cue:

2% of yearly profits would amount to 20-25 K Crores: RK believes it would be 50 K: recurring basis: awareness: giving is important: Involve Corporate employees in giving:

Dr Shetty: Whether Indian NGO have the capability to manage such large resource: Lot of Chaos: Majority of NGOs involved in social welfare: too small, unprofessional. Country will learn: Game Changer:

Return on investment:

Philanthropic funding: Modern healthcare, Educational Avenue:

Poor people are as vulnerable as rich people:

Radiotherapy: No recurring expenses:

Infrastructure & capability to manage:

India will set the trend for the world to follow: Not very forthcoming, make everyone to donate irrespective of whether they believe or follow the philosophy

Mr Amit: Give away time & money
CSR device effective rules: Point of views: Finding their feet: put it; articulated;

Scale up you will have to see: Opportunities & challenges:

New Projects are possible, Opportunity exists because funding is available.

NGOs – progressive ones: Social entrepreneurs: How do we grow 100 x:

Dasera; Harvard Business School; 7 social entrepreneurs – helping think through this:

Love to see happen: Warren Buffet like lending: & corporate themselves involved in social entrepreneurship. Like Bharati Schools in North India. Mix of both is what is happening now.

http://www.youtube.com/watch?v=WEzCQnXJtF4

4^th Segment: Daan Week; the joy of giving away:

Having liked the program after watching it fleetingly on TV, I saw all the four segments here. Its topic of my interest.

Here is the text of the conversation made randomly. Though not verbatim, it would help in reinforcing your understanding after watching the program. Hence it is posted here for whatever value it has:

How do we get lot of people to do this? RK: People reveres you: Experience has been good:

Bitter part is I can’t run it: incapable: Give what your conscientious allows & what your pocket permits you:

Learning that we are talking in this conversation, are experiences are likely to translate into reality; try to give away in: no administrative capability:

No administrative experience: not a organisation builder:

Dr Shetty: Talk us through the experiences you have:

Bring smile on someone’s else’s face: on a daily basis: not related.

Amit: Success & Failure are inevitable in everything that I do: Do things with the best intentions, enjoy see something grow up: no consumption that you can do, that gives you joy for an enduring period of time as giving away. Be prepared:

Maneka Doshi: Its been an incredibly inspirational conversation: I hope viewers would Watch your example & follow your way.

http://www.youtube.com/watch?v=FhEzt-x1yl8