Private investors seeking alternatives to traditional charitable donations might consider social impact investing. This catchy investment philosophy has a dual purpose: make a positive impact on social and environmental issues and reap positive financial returns. Philanthropic foundations like Rockefeller and Robin Hood and global financial institutions like Goldman Sachs and Bank of America Merrill Lynch are already on board. 

Maybe money can’t buy love, as the saying goes, but if recent trends in the world of philanthropy are any indication, it can, in many cases, buy absolution from a host of sins. How so? When oil companies such as BP or Exxon create environmental havoc, their go-to response is usually to donate money to pliant conservation organizations.  They then take ads out in national newspapers such as the New York Times, The Wall Street Journal, or USA Today touting their donations.