The first is Give as you Live.
This concept exploits the commission that company Web sites pay to introducers.
It may be 2 percent or up to 8 percent of the revenue.
This idea is not new.
What is new is that you do not have to go to a different site and you only have to nominate a charity once and money is automatically sent to the charity of your choice with every product you buy off the Web. The beta is running and 1,000 companies from British Airways to Tesco are partaking.
Secondly, a company named Eurovestech gives 1 percent of its equity each year to good causes. What do the shareholders say about being diluted? They are relaxed as the performance in share price comfortably offsets this tiny dilution. If the top 100 companies partook, this would raise over $3 billion for good causes.
Finally, I am convinced the only way to alleviate poverty is work. Employers are currently concerned about taking on extra fixed costs, they want flexibility. About 20 percent of the potential workforce are unable to work traditional eight-hour shifts according to the Rountree Foundation. What they would like is to work ultra flexibly with time slots as short as one hour with just a couple of hours notice.
What is needed is an ultra flexible marketplace capable of dealing with this. It looks like a British company named Slivers of Time has cracked this complex problem with both of Britain’s largest public sector and private sector employers — the NHS and Tesco — completing trials.
This market initiative has the potential to transform the prospects for the unemployed and to help employers deal with inconsistent demand. It could even help the West! So it’s time to put that revolver firmly back in the holster and for each of us to apply ourselves to do what we can.
See more of what Barry-Walsh and other philanthropy experts are saying in our special series Executive Vision.
Paul Barry-Walsh left IBM in 1986, after nine years to form Safetynet, which became one of the UK's leading providers of Business Continuity Services. Paul went on to found Netstore in 1996. He founded The Fredericks Foundation in 2001 which has gone on to become a leading microfinance organization in the UK, funding two disadvantaged individuals per week. In March 2009 he was awarded the CNBC /FT European Philanthropist of the year.