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Capital for Good

Capital for Good

Written by: Tamer Institute for Social Enterprise and Climate Change
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We find ourselves at a moment of unprecedented challenge – and opportunity. While the COVID-19 health, economic, and racial crises have laid bare and exacerbated any number of structural inequalities, and global climate change remains an existential – and very urgent – threat, they also compel us to reimagine how leaders across the private, nonprofit, and public sectors can champion social and environmental change in ways that truly advance shared prosperity and a sustainable future. Presented by the Tamer Institute for Social Enterprise and Climate Change at Columbia Business School, Capital for Good provides a window into this reimagined future: a chance to hear from corporate and civic leaders about their visions, plans, commitments, and on-the ground efforts to build a more just, inclusive, and sustainable society. Through in depth and candid conversations, we will explore and unpack solutions to some of our most urgent challenges. Can business be a force for good? What is stakeholder capitalism? What is the role of capital markets and philanthropy along the pathways to inclusive growth? How do we encourage and scale grassroots and broad-based innovation? How can public private partnerships help bring all of our resources and ingenuity to bear? About the Tamer Institute for Social Enterprise and Climate Change The institute educates leaders to use business knowledge, entrepreneurial skills, and management tools to address social and environmental challenges. About the Host Georgia Levenson Keohane is a seasoned executive in the private and nonprofit sectors at the intersection of capital markets, responsible investing and business, and philanthropy and public policy; an award winning author; and an adjunct professor of social enterprise at Columbia Business School. Economics Management Management & Leadership Personal Finance
Episodes
  • Rabbi Angela Buchdahl: The Heart of a Stranger

    Rabbi Angela Buchdahl: The Heart of a Stranger
    May 21 2026

    In this episode of Capital for Good, we speak with Angela Buchdahl, the senior rabbi of Central Synagogue in New York City and the first woman to lead that congregation in its 185-year history. Born in Korea to a Jewish American father and a Korean Buddhist mother, Buchdahl is the first Asian American to be ordained as a cantor or rabbi in North America. She is also well known for her innovations in leading worship, reaching millions across 100 countries via livestream and cable broadcast. Her New York Times best-selling memoir, Heart of a Stranger, roots her unlikely story and experience as an outsider and boundary crosser in both ancient Jewish traditions and in the universal longing for belonging.

    Heart of a Stranger, Buchdahl explains, is both a particular and shared narrative. She tells us that, as a child, she often felt she was an outsider: Korean in America, American when she returned to Korea, and an unusual mixed-race family in the Jewish community. She connects this experience to her family's — starting with her mother who was born in Japan, where her family had been displaced, before returning to Korea and eventually immigrating to the United States — and to ancient Jewish narratives, from the biblical story of Abraham, a stranger in a foreign land, to millennia as diaspora outsiders around the world. Buchdahl also speaks of crossing boundaries to find home. "Home is where your people are," her mother told her, and then demonstrated how welcoming others (as an ESL teacher in Tacoma, Washington and a founder of an organization to assist new immigrants to the US — in Buchdahl's words, a "serial welcomer") could be transformative for everyone, creating community in the place of strangeness. This too, Buchdahl reminds us — the act of welcoming, with compassion and empathy — has roots in Abrahamic and other spiritual traditions and can be a powerful antidote to the isolation and polarization dividing us today.

    Agency and intentionality are central themes of the book, and of our conversation. We discuss what this means in the Jewish context — Buchdahl's decision and acts to define her own identity and path –— and its more universal applications: the spiritual imperative we all have to be boundary crossers. For Buchdahl, much of her early calling and connection to faith came through music, what she calls "my natural spiritual language." We explore how music has shaped her identity, her roles as cantor and rabbi, and the way she leads the congregation at Central Synagogue. Music is about beauty, she notes, but even more so about the "energy and electricity that comes when we're making it together." Buchdahl believes that much of her responsibility is to feel and modulate that energy.

    We end with a broader discussion of leadership and what it means to have the "appropriate" amount of humility (in Hebrew, "anavah") to lead. Sometimes, Buchdahl says, even if it is uncomfortable, "you have to step in to fill that space," and all the more so in moments of destabilization. "You have to speak to people's fear, to then move forward and beyond." While there is no shortage of challenges — Buchdahl cites anti-Semitism, climate and technological change, isolation and polarization, to name a few — she also believes "there are ways to mine each crisis for the opportunity it provides us." We conclude with a return to agency — and exhortation. "Every day," Buchdahl says, "we can take one step towards building the world we want to live in."

    Mentioned in this episode:

    Heart of a Stranger: An Unlikely Rabbi's Story of Faith, Identity and Belonging, (Angela Buchdahl, 2025)
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    28 mins
  • Marla Blow, President and CEO of the Skoll Foundation: Transformation and Renewal

    Marla Blow, President and CEO of the Skoll Foundation: Transformation and Renewal
    May 14 2026
    In this episode of Capital for Good we speak with Marla Blow, the president and CEO of the Skoll Foundation, the leading philanthropy focused on social entrepreneurship and innovation around the world. Over the course of this conversation, we learn how Blow's career in finance and financial inclusion, across the private and public sectors, would prepare her to lead a dynamic institution and community of innovators in this era of extraordinary change — and resilience. We begin with important elements of Blow's origin story, including her childhood outside of Atlanta, a city (then) on the precipice of rapid growth, where she was drawn to the idea of helping people translate opportunity into long-term financial security. "I thought I could help people make better decisions," she said. That instinct would carry her to Wharton, Wall Street, an MBA at Stanford, and to Capital One, where she learned the discipline of applied behavioral economics and consumer lending. In the Obama Administration, Blow joined the Consumer Financial Protection Bureau, where she began to see more clearly the full landscape of American consumers — including those who were not well served by the traditional financial system or many of its products. That realization led her to found FS Card Inc to provide fairly priced credit to underserved consumers, an experience Blow describes as a "crash course" in entrepreneurship and the capital markets. Following the successful sale of FS Card, Blow helped lead Mastercard's Center for Inclusive Growth, where she was able to pursue financial inclusion at scale. Blow speaks candidly about the extraordinary moment in which she assumed the CEO role at Skoll in 2025. The dismantling of USAID and broader cutbacks of support to and from multilateral finance institutions sent seismic shocks through the social entrepreneurship ecosystem that Skoll has supported since 1999. "I don't think any of us could have predicted that things would shift in this magnitude, or that they would shift this quickly," she says. And yet, Blow also describes with great admiration the resilience of individuals and organizations "that have been able to figure out how to pivot," efforts the foundation supported with a $25 million "pivot fund." Blow draws on the analogy of a forest of seemingly freestanding trees that are deeply interconnected beneath the surface. "It's the roots that enable them to transmit nutrients, to transmit information, to rebuild and regrow after absorbing and experiencing a shock," she says. We also discuss a signature dimension of Skoll's work: the role of catalytic capital in driving impact. Today, approximately 80 percent of Skoll's endowment, managed in partnership with the Capricorn Investment Group, is aligned with the foundation's impact objectives in climate change mitigation and resilience, economic opportunity, health care, and responsible stewardship. Blow explains that these kinds of investments are not concessionary — their "financial returns continue to meet or exceed the performance of comparable asset classes" — and are exemplified by social enterprises like Apis & Heritage Capital Partners, a 2025 Skoll Award recipient that transitions small businesses to employee ownership – and has enabled main street workers to increase their net worth by a factor of ten. We close with Blow's sources of optimism. They begin, she explains, with community — the cross-ideological partnership emerging across philanthropy, the private sector's increased engagement, the deep networks built over more than two decades of convening social entrepreneurs at the Skoll World Forum. "We are going through something, it's going to take a toll," she says. "And there is a light on the other side of it. We can continue working toward that light." Mentioned in this episode: The Skoll Foundation Skoll World Forum Transformation and Renewal in the Impact Ecosystem, The Skoll Foundation 2026 Annual Letter Capricorn Investment Group Evolving Philanthropy for Collective Action, (Stanford Social Innovation Review, Blow & Gips, 2024) Apis & Heritage Capital Partners Consumer Financial Protection Bureau Mastercard Center for Inclusive Growth
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    34 mins
  • Anthony W. Marx, President and CEO, The New York Public Library: Master Class in Transformative Leadership

    Anthony W. Marx, President and CEO, The New York Public Library: Master Class in Transformative Leadership
    Apr 23 2026
    In this episode of Capital for Good, we speak with Tony Marx, the president and CEO of the New York Public Library, the nation's largest library system and the world's preeminent public research library. Marx's reimagination of this storied institution builds on his transformative leadership in higher education when he served as president of Amherst College. A distinguished scholar and political scientist, Marx's education — in the power of education — was forged by his experience in South Africa in the 1980s. We begin this wide ranging conversation with Marx's beginnings: his childhood in New York City's Inwood neighborhood, high school at Bronx Science, the intellectual care and attention he received from professors at Wesleyan and Yale, and his early passion for political science, inspired by his involvement in the anti-apartheid movements on campus and the "excitement of being involved in something bigger than myself, and thinking about social justice at scale." Marx would soon move to South Africa, where he helped create Khanya College, a free, residential liberal arts college for Black South Africans to prepare them for entry and success in the country's top universities, where they had long been excluded. Marx notes that his years in South Africa were "life changing," allowing him to live and work with "people who were living and dying for the rights of democracy that we take for granted," and teaching him how one year of high-quality education at Khanya could "undo" twelve years of a stunting K-12 system. "The power of the human mind, the power of education to feed the human mind, should never be underestimated," Marx says. These lessons would define his career and life's work. Back in New York, Marx's scholarship on Africa and questions of nationalism earned him tenure at Columbia, where he and his family spent thirteen fruitful years. Without extensive administrative experience or ties to Amherst, Marx was surprised to find himself a serious candidate in the presidential search of the country's leading liberal arts college, but soon discovered that Amherst's board was ready to lean into change from its position of strength. "When you're at the top of the game is when you should take risk," Marx believes. "It's a wild way of thinking, but it's the right way of thinking, but nobody thinks that way." With the board's support, Marx undertook a number of groundbreaking initiatives that would make Amherst an even stronger institution; he is best known for his efforts to increase significantly the economic diversity of the student body, improving the school's racial diversity, and academic standing, in the process. In 2010, the New York Public Library came calling. Marx saw in the library's unusual combination of assets — a branch system that served millions of people in person each year (the most trusted and visited civic institution in the city) and the world's most used public research library — a 130-year-old educational institution ripe for "innovation at scale." Over fifteen years, Marx and his colleagues have invested significantly in the branch libraries, transmuting them into community centers, which today are, after the schools and CUNY, the city's largest provider of educational services, all free, from early literacy and career training to English language and technology instruction. In Inwood, Marx's childhood branch, the NYPL has partnered with various public development agencies and philanthropies to build 175 units of affordable housing atop a new library and community center, a model they are pursuing at other sites across the city. In wifi "deserts," the team has worked with internet service providers to beam broadband from local libraries into the neighborhoods. Technology has also been crucial to expanding global access to the research libraries, starting with vast and copyright-respecting digitization efforts. "The notion is that every book ever written should be available to anyone on the planet for free through their library — that's the aspiration and we're building it," Marx proclaims. He has not shied away from the promise of artificial intelligence to support this work, if AI can be harnessed in ways consistent with the institution's values including "privacy, veracity, and respect." "Even more than books, trust is our greatest asset" Marx says. He therefore holds that institutions like the New York Public Library have a role to play in shaping the responsible evolution of these new technologies, and to ensure equitable access to information and knowledge. "It all goes back to the same lesson I learned in South Africa… that the world learned in the Enlightenment," he concludes. "We have to respect everyone. We have to be compassionate towards everyone. We have to understand that everyone has the capacity to learn, to create, to inspire, to inspire others, to have empathy, so that we can live in the world we want to live in." Mentioned in this Podcast Khanya ...
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    53 mins
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