Fund Matching between Fund-Raisers and Investors in Financing Platform with Consideration of Default Risk

We construct a stochastic model to study the fund matching between fund-raisers and investors in a financing platform. The raising time is assumed to be a random variable. Then, there is a successful transaction probability that the fund matching is realized. Meanwhile, the interest and the commission rate that the platform earns affect the value of the probability. The platform maximizes its revenue by adjusting the commission rate. We find that the optimal commission rate decreases in investment time. However, when the time interval between two adjacent investments obeys the general distribution, the optimal commission rate increases in the annual interest rate. Besides, we extend the model into a duopoly case in which two fund-raisers compete for customers in the same platform by deciding their own interest rate. Due to lacking competition, the optimal interest rate in the monopoly case is lower than that in the duopoly case. Because the interest rate is the cost for the fund-raiser, the expected profit of the fund-raiser in the monopoly is higher than the expected profit of each fund-raiser in the duopoly case but lower than the total expected profit of two fund-raisers. The platform should choose some small loans as far as possible. The loans with smaller amount are easier for the platform to complete fundraising. For those large loans, the platform should try to ask for higher interest rates or more sufficient time to raise funds.

Adolf Rosenberger – Motorsportpionier und Mitbegründer der Weltmarke Porsche

Adolf Rosenberger was a German-Jewish pioneer of auto racing whose biography was almost forgotten after World War II. This article describes his important role as the co-founder, managing director and fund-raiser of the Porsche GmbH. It also covers the reasons why he was pushed out of the company in 1935.

Early Life

Chapter 1 traces Paul Rusch’s early life in Louisville as the son of a grocer and as a soldier in World War I. After the war, Rusch led an effort to establish a bohemian art colony in Louisville, though his venture eventually went bankrupt and landed Rusch in court. Rusch left Kentucky and then on a lark volunteered to help rebuild the Tokyo and Yokohama YMCA branches after the Great Kanto Earthquake. His connections at Holy Trinity Church in Tokyo led to positions on the Rikkyo University faculty and as a fund-raiser for St. Luke’s International Hospital in Tokyo. As Rusch worked to convert young Japanese men to Christianity by relaunching the Brotherhood of St. Andrew, Japan was swept up in political and social turmoil and militarism. Along the way, he staged the first organized game of American football in Japan and laid the foundation for Japan’s collegiate football league. Dr. Rudolf Teusler mentored Rusch during tours in America, honing Rusch’s skills in fund-raising, expanding his network to include wealthy patrons, and shaping Rusch’s staunch anti-Communist views.

Chai For Cancer: A Fundraiser and Advocacy Model for Chronic Myeloid Leukemia/Gastrointestinal Stromal Tumor Patients and Caregivers in India

Amount raised: During 2017, funds from Chai for Cancer Addas totaled approximately US$ 28,000 (IRS 18 lacs). Background and context: Chai for Cancer ( www.chaiforcancer.org ) is in a sense, a satellite brand of Friends of Max ( www.friendsofmax.info ). Friends of Max is a registered Public Charitable Trust and the support group arm of The Max Foundation in India. In India chai or tea is a household drink. At its best in an informal setting, an Adda serves a dual purpose as a fund-raiser and advocacy platform. It is based on the concept of an informal gathering among well-wishers and caregivers supporting underserved cancer patients suffering from chronic myeloid leukemia (CML) and gastrointestinal stromal tumor (GIST). The chronic condition is made manageable by life-long treatment. Aim: Chai For Cancer is a dynamic fundraiser and advocacy model for CML/GIST patients and caregivers in India. Strategy/Tactics: In 4 years, now on the cusp of the 5th year, Chai for Cancer has built up a creditable legacy of trust and an extended family of volunteers that networks throughout the year with the ability to attract new segments of donors/well-wishers and patient/caregiver participants. Funds thus raised support patient group meetings which facilitate various patient-related activities and patient–physician interactions which form the bedrock of FOM's dictum “Together We Share And Learn”. Potential donors are approached and educated informally about how to host an Adda. Once the host expresses interest, support is provided to the host in terms of tea bags and paper cups (from Society Tea), literature (printed leaflets, brochures elaborating the concept, newsletters) and receipts (U/s 80 G of the Indian Income Tax Act, 1961). Program process: An Adda is usually hosted by members/volunteers belonging to Friends of Max although it is not unusual for persons who have simply heard of Chai for Cancer to get in touch and express interest in hosting an Adda. The emergence of new hosts like D Y Patil University and IDEAL (Institute of Design Expression Art and Learning) in Ahmedabad, Jayanth Jayaprakash's India To Excellence 2020 in addition to long-time supporters Society Tea, Being Human-The Salman Khan Foundation, Manish Mandhana Retail Ventures, Mahotsaav Entertainment, Radio One and Red FM is testimony to the strength of the fundraising/advocacy model and a platform to encourage openness, empowering patients and caregivers. HNIs from various industries have also been donors. Costs and returns: The entire process is manned by senior, experienced people who volunteer their time and professional skills. Year-long publicity is generated through social media (FM radio stations, Web site www.chaiforcancer.org Twitter, Instagram and Facebook). What was learned: This is a personalised and intimate approach to raising funds for patient-related activity. This approach ensures known and accepted sources of funds within a growing family. It is different from crowd-funding techniques.

Margaret Sanger’s Network of Feminists

Many feminist philanthropists believed that economic and political rights for women were incomplete without the right to control one’s reproduction. America’s leading birth control advocate, Margaret Sanger, was a skilled fund-raiser. She carefully managed a network of society women who supported her organizations, publications, and private life. Chapter 6 takes a new approach to understanding Sanger: by moving the spotlight from Sanger to her supporters, it becomes clear that her strategic turn to wealthy women did not come at the expense of her feminism (even if she did drop her socialism), as has been argued by some historians. This chapter shows that women like Gertrude Minturn Pinchot and Juliet Barrett Rublee rallied behind Sanger, creating a Committee of 100 to defend her and promote the birth control movement. Unafraid of being arrested, their personal lives and their birth control advocacy revealed their feminism. Chapter 6 focuses on the ways that feminism undergirded rich women’s donations, compelled them to take on controversial issues, and pushed them to influence Sanger and shape the movement and the American Birth Control League and Planned Parenthood. Furthermore, this chapter demonstrates the social networks of power created by wealthy women.

The Flea from Tangier

Max Eastman secretly marries the brilliant activist and artist Ida Rauh (1877–1970), who introduces him to socialism. A honeymoon trip takes the couple to Europe, where an annoying flea Max picks up in Tangier serves as a metaphor for his continuing sexual frustrations. He is asked to assume editorship of The Masses, which he reinvents as a cutting-edge forum for politically motivated art and writing. His son Daniel is born in 1912, to his father’s surprise and mystification. Max publishes Enjoyment of Poetry, his most enduringly successful book, as well as his first volume of poetry, Child of the Amazons. Max’s marital problems engender his interest in Freudian psychoanalysis. Dissatisfied with his analyst, Dr. Jelliffe, Max embarks on a course of self-analysis, diagnosing himself with “unsublimated heterosexual lust.” He acquires a small house in Croton-on Hudson, where he becomes the unofficial leader of a flourishing socialist commune. His increasing skepticism of Woodrow Wilson’s commitment to peace helps radicalize his writing. After meeting the beautiful actress Florence Deshon at a fund-raiser for The Masses, he leaves Ida Rauh, relinquishing his parental rights.

Bangkok

This chapter details the events following King Chulalongkorn's death and Prisdang's return home, as well as the latter part of his life and career. It shows how Prisdang's return in 1911 had delivered him into an unforgiving and vindictive social, material, and professional context. He had no place to live and no position to fill regardless of his qualifications. By the age of sixty, he had served as Siam's diplomat to the West, a civil engineer, an artist, an author, an abbot, a fund-raiser, and a rabble rouser who had established schools for the poor in Lanka, but in Bangkok he remained persona non grata even after King Chulalongkorn, the one person at the crux of his predicament and the only one in a position to have redeemed him, had passed away.