Mohammed Hussein Al Amoudi Quotes

It is important to view philanthropic ventures with an eye for business.

In the same way that you're driven in your business to keep innovating - Facebook is a wonderful example of constant innovation - think about doing that in philanthropy.

When I started teaching at Stanford Graduate School of Business in 2000, no field-based courses in strategic philanthropy existed.

We’re seeing that business models and philanthropic models are not mutually exclusive.

There are three lessons in philanthropy - one, involve the family, especially the spouse. She can be a remarkable driver of your initiative. Two, you need to build an institution, and you need to scale it up. Choose a leader for philanthropy whom you trust. Three, philanthropy needs patience, tenacity and time.

I think all philanthropy invests in product innovation, whether in a vaccine or a new kind of product of one sort or another, and I think we'll all continue to do that.

The future of TOMS is really creating a whole new business model of this one-for-one giving and expanding the TOMS model from shoes into other products as well.

Prior to SunRun, I was headed toward a career in venture capital and then realized I wanted to apply my knowledge of finance more directly to helping change the world.

Charitable involvement, social impact, and global responsibility have always been important at Bain Capital.

It's time to re-think charity. It's time to give charity the big-league freedoms we really give to business. The fight for these freedoms must be our new cause, because without them, all of our causes are ultimately lost.

I started off with making personal donations and eventually set up my own foundation, VTCY Foundation, now known as Better Malaysia Foundation. My contributions are also made through companies that I own.

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

I would say to young entrepreneurs and budding philanthropists - are you giving to feel good or do good?

Philanthropy without scale and sustainability is like any other bad business that will simply wither and die on the vine.

Social business lies in the spectrum of possibility between the traditional, profit-maximizing business, which directs little to no profit to doing good, and the traditional charity, which relies mostly on donations to sustain itself.

I always thought that I would spend the first half of my life making money so I can spend the second half of my life giving it all away. And one of the defining moments of my life was when I realized that I could do both at the same time with TOMS.

How I see my career is very much as an entrepreneur in the field of philanthropy.

I have set up several businesses as social businesses, and I am a great believer that the power of business should be used for good.

It is no accident that our business, The University of Phoenix, is one of the top 50 community-minded companies in America. My father and I are strong believers in the concept of community.

Effective philanthropy requires a lot of time and creativity - the same kind of focus and skills that building a business requires.

I feel that business leaders with their ability to create businesses, with their ability to scale, need to play an important role in social service.

Over the years, we have gone beyond our businesses to take up philanthropic projects in diverse areas - from education to health care to skilling.

I am convinced that only by applying the values of an entrepreneur to philanthropy will you ever be able to meet the needs of the greatest number of people.

If you get to think of sharing wealth with people who need it and the purposes that need it, it gives a very different sense of satisfaction. I think I can build an institution which is very unlike the Gates' foundation. Gates' foundation is totally project-driven, that will serve a specific purpose and then self-destruct.

My brother and I made a pact that every deal we do has to have a charitable component; otherwise, we don't do it.