"Using the money for a good cause was the best revenge," Steve told me. "The only way for us to counteract great evil was with great good."
Today the Peter C. Alderman Foundation, in partnership with
When I spoke to the Aldermans about their foundation, I was struck by the fact they, unlike most philanthropists who talk about the grants they have made, talk about the effect they have had. With an annual operating budget of $500,000 they have set out to help people across the globe. Liz and Steve found that, to have the impact they were seeking, they had to identify outstanding partners and find ways to leverage their giving.
The Aldermans represent the vanguard of philanthropy - individuals who have recognized that philanthropy is not defined by the act of giving but by the achievement of impact. They have discovered that the most emotionally satisfying philanthropy is a gift that has impact.
[Excerpt of an article by Sean Stannard-Stockton, The Financial Times]