This week's Facebook IPO generated a deep trove of wealth for a new generation of young entrepreneurs. The question for them now is, what are you going to do with your billions? 

If you’re curious by nature, perhaps you’d like a new adventure. Since you have money to play with, maybe you’d like to play at something you’ve never played before. Maybe you’d like to get to know yourself a bit better. Or maybe you'd like to change many, many lives for the better, for generations to come?
 
I’ll make you a bet. Follow my advice here, and I promise you that your life will never be the same again. You’ll have newfound energy and meaning in your life. You’ll meet extraordinary people from very diverse backgrounds. And you’ll learn more about yourself than you could ever imagine. If you follow my advice and I’m wrong, you can tell me and everyone else so in my blog post. (If I’m right, you can also say so.)
 
Here are the first steps to putting some of your newfound wealth to work, for good.
 
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Imagine a company catalyzing a new approach to student learning and achievement in science, technology, engineering, and math (STEM). And what if the company’s purpose were to prepare students around the world, from all corners and walks of life, to collaborate in solving social and environmental problems, beginning right now?

Imagine the power of the relationships these children will have when they are in their 20s and 30s as they continue to work with each other.

Sound ridiculous to you? Do you wonder: How is this possible, given that one billion children live in poverty, many in remote rural villages, others in densely populated urban slums? When so many children in developed countries aren’t even getting decent educations, much less children in the developing world?

What if I told you that middle school and high school students from some of the world's most deprived communities are already working together on solutions for sustainable energy sources and to purify water? That 250,000 students are already collaborating on STEM projects through 60 schools, universities, and NGOs around the world? And that plans are well under way to scale such educational opportunities to reach millions?

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As 2012 begins, I derive a great deal of hope and inspiration for a better world from the people I met at Thunderbird School of Global Management’s Global Business Dialogue.  There, I had the honor of moderating a panel on “Sustainable Prosperity: Can Greed Save the Planet.”  And together with more than 1,000 business executives, government officials, social sector leaders, entrepreneurs and scholars, we spent two days engrossed in topics from emerging market growth to entrepreneurship and renewable energy.  
 

That's how Eugene Lang introduced me to the President of Swarthmore College when we met a few years ago. I was startled by the introduction. Standing there in Gene Lang's office in my black suit and black patent heels, that wasn't the introduction I anticipated. I've thought it over many times since then. And actually, Gene Lang nailed it.
 
By the age of sixteen, I could have been the poster child for a crisis nursery, domestic violence shelter, and rape crisis center. On the positive side, however, I grew up in Washington, D.C. in a neighborhood nestled in Rock Creek Park, with friends from many countries, religions, and races. After school, we played hop-scotch and double-dutch jump rope, and roller-skated and biked for hours. On weekends, we went to Carter Barron Amphitheater in the park to see concerts with Diana Ross, and Herb Alpert & the Tijuana Brass. We also marched for civil rights and against the war in Vietnam. In my home, famous and controversial movement leaders came for dinners and discussions.
 
Continue reading the original Alice Korngold blog on Huffington Post.

Imagine the members of a nonprofit board being so committed to the mission that they put the board meetings in their calendars in advance and attend all meetings in person; make financial contributions and ask their company and friends to support the organization; always act to advance the mission; and disclose any potential conflicts of interests.
 
Imagine the board having a highly effective board chair and officers; with people from diverse backgrounds and perspectives having the experience, expertise, networks and relationships needed to advance the nonprofit; a clear set of board member expectations and a system of accountability; a sound board structure so that the board is logically organized to accomplish its work; agendas focused to help facilitate the board's work; and a leadership succession plan.
 
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On January 12, all retailers and manufacturers that do business in California will be required to publicly disclose their efforts to eradicate slavery and human trafficking from their supply chains; actress Julia Ormond was one of the key forces behind passage of the new legislation. 

“Julia Ormond, a tireless humanitarian activist and founder of the Alliance to Stop Slavery and End Trafficking (ASSET), was absolutely instrumental in the passage of California’s landmark legislation to combat labor trafficking through transparency in business-supply chains," said U.S. Representative Chris Smith (R-NJ), a longtime champion of human rights. 
 
When I met Ormond at the Clinton Global Initiative (CGI) Annual Meeting last September, she talked about having met slaves, including young children, in California and abroad. She explained that every day, we dress in clothing, talk on phones, and eat meals that are tainted by slavery. Ormond also described the solution:
 
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Philanthrocapitalists are to be applauded for their abundant generosity in seeking and funding solutions to some of the world's most daunting challenges, including poverty, healthcare, education and the environment, just to name a few. And all of our personal charity and volunteer service is vital. But to a great extent, we are often trying to fix problems that are being created anew every day.

At the root of these systemic social failures are the practices of some -- not all -- companies that degrade the lives of the poorest people in the world who have no voice. As some leading companies have shown, if other companies and their boards of directors truly commit to a corporate global vision of justice and peace, then businesses can make greater profits than they ever imagined, and people throughout the world would have food on their tables and live in peace.
I'm calling this a Corporate Global Vision (CGV).
 
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You're placing corporate executives on nonprofit boards?" exclaimed the senior program officer of a prominent and well endowed national foundation. He looked at me with horror. Then he spit out, "But they're Republicans!"

This was in 2002, nearly a decade into my career in providing strategic corporate social responsibility (CSR) consulting to global corporations, training and placing hundreds of business executives on nonprofit boards, and consulting to the boards of universities, healthcare institutions and a wide variety of global, national, and regional organizations.
 
Thankfully, that binary view of businesses versus nonprofits is fading. Today, companies are engaging with social and environmental causes that align with their corporate purposes. This is corporate social responsibility.
 
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"The military has learned that when you seed an economy, people will put down their guns," says Connie Duckworth. "That’s why the Marines asked me to don 30 pounds of body armor to meet with them in Helmand Province in Afghanistan," where she had established Arzu Studio Hope, an artisanal rug manufacturer that employs 1,000 women, who in turn support 4,000 family members in Afghanistan.

Afghanistan is officially the worst place in the world for women, according to a 2011 study by Thompson Reuters Trust Law. That was quite apparent to Duckworth during her first visit to Afghanistan in 2003, when she was invited by the U.S. State Department to participate in the U.S.-Afghan Women’s Council, a bipartisan commission formed to ensure Afghan women a voice in post-Taliban Afghanistan. As a partner and managing director at Goldman Sachs, Duckworth had always held a strong point of view and mentored women from all walks of life, with the idea that “she who writes the checks controls the agenda.” Having recently retired from Goldman Sachs, Duckworth determined to use her business experience to do something to change conditions for women in Afghanistan.
 
Soon after her State Department visit, Duckworth established Arzu Studio Hope, choosing rug-making since this was considered an acceptable job for women in Afghanistan.
 
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How do you convey the profound experiences and needs of veterans returning from Iraq and Afghanistan, and do so in nine words on a poster, or a 30-second ad? That was the challenge facing Aaron Padin, head of art, and Drew Train, account director at marketing communications firm JWT New York, who led more than a dozen volunteers, including strategists, copywriters, photographers, and editors to create “After the Parade," a public-service initiative for the veterans programs provided by Services for the UnderServed (SUS), a New York-based nonprofit. 

"People think they understand, but they really don’t," said Padin. “People are shocked to learn that 18 veterans a day commit suicide, and yet there are effective solutions.
 
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