Often the satire on GiftHub goes right over the Nonprofiteer’s head, but she was charmed by the site’s proposal that philanthropies consider for-profit prisons as a species of mission-related investment. Given the number of American poor people who will experience that particular form of public housing, what could be more appropriate?
But she takes seriously the site’s equally satirical notion that community foundations become payday lenders. While it wouldn’t be appropriate for them to charge the usurious interest rates currently associated with that market, why shouldn’t community foundations take seriously the need poor people have for short-term loans and their difficulty in securing them? Why shouldn’t do-good investors, seeing the shortage of short-term financing available at reasonable prices, step into that breach?
So at the end of the second period, the score is: irony 1, earnestness 1. A draw.