"Billions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money"

This quote by Michael Porter recommends that philanthropy is not being used as effectively as it could be. He believes that billions of dollars are being lost due to a lack of extensive thinking when it concerns philanthropy. He likewise thinks that philanthropy is dragging company in regards to applying strenuous believing to using money. This suggests that philanthropy is not being utilized as efficiently as it might be, and that more idea requires to be put into how money is being used in humanitarian efforts. Porter's quote highlights the need for more efficient philanthropy, and for benefactors to take a more tactical method to their giving.