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Billionaire Philanthropy

3/30/2020

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Earlier this week, my husband and I were talking about Jack Ma's humanitarian profile compared to friendly rival Jeff Bezos.
A comment on "Chinese Billionaire Jack Ma Donates Supplies to African Countries" (D. Givens). 
Jeff Bezos with a microphone in hand speaking somewhere outside
"2010_08_04_techonomy_052" by Doc Searls. Licensed under CC BY 2.0.
Jack Ma listening with an ink pin in hand and paper on his lap
"Jack Ma, Alibaba" by UN Climate Change. Licensed under CC BY 2.0.

Related: Global Recession
​
Related: CARES Act, II 
(2021)
Related: 
Power Couple (2019)
Related: Tech Leadership, II (2020)
Related: Octogenarian, II (2021)

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HBCUs, II

3/29/2020

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Recruit more international students. College enrollment is trending downward across the country. Most HBCUs are undergraduate schools with smaller enrollments; therefore, tuition is a large source of revenue. More students = more tuition revenue. The smaller payroll and student-to-faculty ratio of schools i.e. Cheyney warrant as few as several hundred more matriculants. With enrollment at capacity, HBCUs can focus their federal funds on infrastructural improvements, institutional competitiveness, and the like.​
A comment on "Report: HBCU Enrollment Decline with Second Lowest Number in 17 Years" (D. Givens). 
A man wearing a sweatshirt that says
Man wearing "HBCU" sweatshirt (© 2015 landturn.com | Jubalyn ExWilliams)

Related: HBCUs (2019)
Related: College Sports (2019)
Related: Student Loan Debt
Related: Cheyney Challenge 
(Jan. 2021)​​

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Celebrity Endorsements

3/25/2020

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Didn't 50 Cent endorse or invest in Vitamin Water? Now fortified water is in the 'hood. Put "health" (supplement) in pill form and have Magic and Grant Hill back it. Let it catch on with distributors and consumers alike. It'll be another hit.
A comment on "Magic Johnson Invests in Black-Owned Plant-Based Immune System Boosting Products" (D. Givens)​
Magic Johnson in a suit smiling at something or someone
Magic Johnson at a Mercedes-Benz gala (Credit: Neon Tommy)

Related: "We are the Weather" (2020)
Related: Oral History Project (2020)
Related: "The History of Black Business in America" (2020)
Related: Homelessness (2020)

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Branding

3/20/2020

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I don't expect LVMH to use an existing brand name. Will the company be ready to have its luxury brand associated with hand sanitizer? The introduction of a hygiene product during -- and in response to -- a pandemic won't help.​
A comment on "LVMH Converts its Perfume Factories to Make Hand Sanitizer" (D. Givens). 
A man talking on his cell phone outside of a Louis Vuitton store
"Louis Vuitton" by George M. Groutas. Licensed under CC BY 2.0.

Related: Hennessy (2019)
Related: Digital Ads (2019)
Related: HBCUs (2019)
Related: Celebrity Endorsements

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Health Insurance

3/17/2020

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Health insurance -- above all, private health insurance -- averages higher premiums (or deductibles) than does car or life insurance. The outline of McKinsey's Financial Inclusion Puzzle, however, reminds me that health insurance is no less a mitigator against key risks. Access to affordable health insurance or some other third-party payer is not a luxury; it's part of financial well-being and, as McKinsey puts it, "financial inclusion."​
A comment on "New Report: If Financial Inclusion for Black Americans was Fully Achieved, Financial Services Firms Could Collect an Extra $60 Billion in Annual Revenue" (J. McKinney). ​
A small, two-door car that crashed head-on into a tree on the side of the road
"Car crash, Karrinyup Road Stirling" by perthhdproductions. Licensed under CC BY 2.0.

Related: "The Price We Pay" (2020)
Related: Medical Marijuana (2021)
Related: Medical Debt
Related: Student Loan Debt
 (2020)
Related: "Medical Racism" (2021)
Related: Special Prosecutors (2022)

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Cheyney Challenge

3/14/2020

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Please join the #CheyneyChallenge, a monthly donation campaign for America's first HBCU. I made my most recent donation of $18.37 today.

Cheyney University of Pennsylvania
cheyney.edu
Est. 1837
​
The Cheyney Challenge is an initiative of alumnus Mr. Bright. I committed to it in 2015, and began my donations the following year.  ​
Three Cheyney students standing together on campus
Cheyney University | © The Philadelphia Tribune. (Image used by permission.)

Related: Cheyney Challenge (Feb.)
Related: Cheyney Challenge (Mar. 2021)
Related: Cheyney Challenge (Mar. 2022)
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