Monday, 2 December 2013

GUEST POST: Investing for a Better Future

Elliot Dolan-Evans (elliot@surgia.org)
(Year 3 MBBS; Past President of the Surgical Interest Association; CEO Investing for Charity Health)

As a medical student, I don’t often write blogs in economics pages – but I have been a long-term admirer of the opportunities, power, resources and capabilities that the finance and economics sectors hold. I entered medicine with the common idealism that many do; to help those less fortunate than I. However, more and more as I move through medicine, I have come to the realisation that to enact significant and sustainable change for those who suffer with curable disease or are affected by widespread transmittable pathogens, the medical field must look for help. Medical teams and health organisations simply do not have the resources or even the expertise to effectively address wide-spread social issues. Experts in business, the wealthy organisations that shape the economy, and the leaders in the finance sector are the ones who possess what well-meaning charities and medical practitioners do not – expertise, professionalism and resources. It is imperative that the health and medical field partner with business, and utilise each other’s areas of expertise to address the avoidable and fixable health inequalities that are engulfing people around the world.

Leaders in the business field have already realised this fact; Gates, Buffet and others are leading the revolution – but the effort needs to be wider, and involve the whole community. Indeed, a culture change may be what is required in the financial world, to involve and empower everyone in combating these pertinent social issues. And to do this, cultural reformation must occur at the grassroots level – with ambitious young people and enthusiastic students. These individuals are the future of the world’s wealth, and to develop a philanthropic and socially conscious attitude in them would change the face of this world for the best. Students need to feel empowered to address wider social problems and inequalities. Young people with an interest in finance and investing often do not have the opportunity to learn about sound, responsible and socially conscious investment principles; and how their decisions and actions can potentially influence the lives of millions.

I, along with others around the world, are creating an outlet for philanthropic students and young people in the finance and business world, a charity that utilises sound financial and investing principles to raise money and combat health inequality. Investing for Charity Health (I4C Health) has been established to draw attention to global problems, and empower students and young professionals with a means to really make a difference in terms of worldwide health inequalities. I4C Health is starting on the Gold Coast in 2014, and will provide an opportunity for ambitious, young leaders in the business and finance worlds to enact meaningful change. The organisation will teach students principles of practical investing on the share market, and then those so trained will invest money for the charity, with the eventual profits passed on to where it is needed most.

I4C Health will invest in students and young professionals, providing them with opportunities to enhance their personal brand, leadership and professional skills through practical investment experience, networking with the professionals on the Board and mentors in I4C Health and through becoming a leader in the organisation. By investing into young people and creating a culture of selflessness and giving I4C will promote inter-professional collaboration with the goal of directly addressing global societal problems.

I am looking for others to share in my vision for a healthier future, and the I4C Health fund will be the key component of this vision. To leave you all with the mission of the charity:

Investing for Charity Health will provide education in responsible investing and create a culture of philanthropy and integrity in young Australians, with the ultimate aim of sustainably and significantly supporting health-related charities.