How Philanthropic Investments in Preparedness Fights Natural Disasters

Natural disasters have a way of pulling at people’s heartstrings—and their pocketbooks. That phenomenon played out at the beginning of this year to massive effect, in response to the wildfires that ravaged Los Angeles and burned over 50,000 acres. The property and capital losses are expected to reach up to $131 billion, according to data from U.C.L.A. Anderson School of Management. While donations alone likely won’t begin to reach that staggering estimate, the Los Angeles…