by Guy Sorman
September 30, 2013
Money manager Paul Tudor Jones believes that private philanthropy could help the poor improve their lot and reduce inequality—but only if that philanthropy was effective. He has decided to try to revolutionize social philanthropy by infusing it with methods from the world of finance, seeking to measure the result—the “output” produced—rather than simply track the money spent, the “input.” Can philanthropy be calculated that way? No philanthropic institution had ever functioned on such a rigorously quantitative basis.