TIME magazine has named GuideStar founder and president Buzz Schmidt an "innovator of the New Philanthropy." "Schmidt's creation, GuideStar.org," the November 5, 2001, issue states, "has grown into the nation's premier nonprofit database, offering financial information on more than 850,000 organizations."
Buzz Schmidt is one of seven individuals profiled in the field of philanthropy for TIME's "Innovators" series. A follow-up to TIME's list of the 100 most influential people of the 20th century, "Innovators" focuses on "tomorrow's most influential individuals—the Next Wave, 'The Next 100,'"" according to the magazine's Web site.
The six other philanthropy pacesetters are:
- Waldy Malouf and Tom Valenti, chef-owners of two Manhattan restaurants who spearheaded efforts to raise funds to assist the survivors of restaurant workers killed at the World Trade Center.
- Patty Stonesifer, cochair of the Bill and Melinda Gates Foundation.
- Linda Rottenberg, cofounder of the Endeavor Inititative, Inc., a nonprofit that promotes entrepreneurship in Latin America.
- Gino Strada, an Italian surgeon who heads the only fully equipped hospital in Afghanistan's Panjshir Valley.
- David Saltzman, cofounder and executive director of the Robin Hood Foundation in New York City.
The TIME profile is the latest in a series of honors for Schmidt and GuideStar. In April 1999, GuideStar received the Computerworld Smithsonian Award for its use of technology to present nonprofit information to the public. The GuideStar Web site is now part of the Smithsonian's Permanent Research Collection on Information Technology.
In December 1999, Nonprofit Times named Schmidt the Nonprofit Executive of the Year. The following September and again in August 2001, Nonprofit Times named him to the NPT Power and Influence Top 50.
Buzz Schmidt is a graduate of Princeton University and also has an MBA and an MA in academic administration from Stanford University. He worked for 20 years in both the private and not-for-profit sectors before founding Philanthropic Research, Inc., a 501(c)(3) public charity, in 1994. The GuideStar Web site was launched in 1996.
Schmidt serves on boards and advisory committees for The National Center for Charitable Statistics, The Institute for Global Ethics Project for Nonprofit Ethics, The Center for the Study of Volunteer Organizations and Services at Georgetown University, Independent Sector, the Better Business Bureau's Wise Giving Alliance, the New York City Nonprofit Project Advisory Board, National Center on Nonprofit Enterprise, and All Together in Williamsburg.
The preceding post is by Suzanne Coffman, GuideStar's director of communications.