For the second year, the Learning by Giving Foundation, run by Warren Buffett's sister Doris, is holding Giving with Purpose, a free online course in effective philanthropy. The course is offered in partnership with Northeastern University, and taught by Northeastern Students4Giving Program Director Rebecca Riccio. In addition to Warren and Doris Buffett, the class will feature Cal Ripken, Jr., Soledad O'Brien, Ben & Jerry, and Grey's Anatomy star Patrick Dempsey—all sharing lessons they learned in their philanthropy.
Perhaps the best part is that participants will be able to nominate charities to receive grants, and give away more than $100,000 of Buffett money. This is modeled after similar courses that have been taught at more than 30 universities, which give students the opportunity to give away $10,000 as part of the class. This helps keeps students engaged, according to Riccio, increasing the number of students who complete the course. Last summer, 40 nonprofits were awarded a total of $130,000 in grants.
Not only can interested nonprofits benefit from a possible grant, it is also a great window into how these philanthropists decide where to donate, which can be extremely beneficial for nonprofits trying to attract major donors, or apply for grants from charitable foundations.
The course begins in April, and is currently open for enrollment.