Make a Difference

Last night, I was having drinks with a few friends who work in private asset management for exceedingly wealthy families. A few rounds in, one friend observed that, while such families are inevitably hell-bent on building their net worths, they’re also textbook examples of the law of diminishing returns. Which is to say, from a quality of life perspective, the first billion makes a far bigger dent than the second.

At the same time, this afternoon I found in my mailbox a pitch letter for a ‘sponsor a young Sudanese refugee’ program. For just a dollar a day, it explained, I could change the life of an African child.

And while, certainly, such sponsor programs are exceedingly noble in their goals, they also seem to be a dime a dozen. Which prompted me to combine the two threads – sponsorship and billionaire families – for a brilliantly outside-the-box business idea:

For just $10,000 a day, I can help those families sponsor a young New Yorker. (Namely, me. Though, not being greedy, I’m totally happy to start a list for other such civically-minded volunteers should a sufficient number of sponsoring families take the call to action.)

Like that kid in Sudan, I’d be more than happy to write a monthly letter to my sponsor. I’d even include pictures: me at Nobu enjoying an omakase dinner, at the Hotel Gansevoort with table service and a bottle of Cristal.

And, in turn, I’d even be happy to sponsor a whole village of those little kids in Sudan. Take that, foes of trickle-down economics.

A few friends in the legal world have pointed out that it may be a long road to 501c3 status for this burgeoning nonprofit, given our near-sighted government’s narrow understanding of ‘need’.

But, I’m convinced that, regardless of donation tax status, smart families interested in really changing lives should be quick to sign on. I’d tell you as soon as they do, but, to be honest, it may take a few weeks to install an internet connection on my new private Bahamian island.