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Due to the financial crisis of 2008, Wall Street and the financial sector are viewed as the bad guys by large parts of the country, especially those occupying the lower classes of life. To go into finance is seen as selling out. Yet the financial sector plays an important role in allocating funds to their most efficient uses as well.
Enter the idea of the philanthrocapitalist. By coupling the raw horsepower of capitalist strategies with social benefaction, innovators can enrich both themselves and society, instead of at society's expense. The Nature Conservancy is a prime example of this paradigm, using flood insurance programs to finance conservation efforts. The lesson here is clear: Solving the world's most difficult problems may depend on the collaboration of the best and the brightest of both the public and the private sectors.
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Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
St. Elmo Village, a free-spirited arts education complex, has been transformed into one of Los Angeles' under-recognized Black arts hubs. The hub has a long history of activism and has been a...more
Foundation: Rockefeller Philanthropy Advisors
Atlanta-based Souls Grown Deep Community Partnership (SGDCP) has recently announced that it will be committing $1,000,000 to impact investments. The partnership is the sister organization to...more
Second Home cofounders, Rohan Silva and Sam Aldenton are collaborating with Madrid-based architects Selgascano to finish a new 90,000-square-foot Hollywood outpost. Rohan talks with ArchDaily...more
Andy Miller, General Manager at Multicultural Arts Victoria, and a member of the Arts Industry Council of Victoria, expresses his thoughts on creating a bigger vision for the creative sector in line...more
A studio named after scriptwriter Yu Rongjiang started two years ago to cultivate creative teachers for local primary and secondary schools. The studio/program has trained 18 teachers from 18...more
The Oxford Poverty and Human Development Initiative (OPHI) researchers launched a multidimensional poverty index, the Business Multidimensional Poverty Index (bMPI). OPHI decided to spin out...more
The Kalamazoo Academy of Rock is now in its 10th year of operation in Kalamazoo, Michigan. The group is a musical education program for children, aged eight to 18, from all over Kalamazoo...more
The Mind Map, a new music-led mental health portal, has recently launched by Phil Bridges, a Youth Mental Health First Aid instructor and Adolescent Mental Health university lecturer. The Mind Map...more
George Quarcoo, a legally blind producer, is helping visually-impaired youth improve their production techniques. Quarcoo has taught himself how to produce music at a young age. Now, at 24, he...more
DanceLogic, an innovative program in Philadelphia run by the West Park Cultural Center, combines dance and coding for girls ages 13 to 17. In a "CBS This Morning" installment, national...more
Art News from...
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Social Entrepreneurship
Spotlight
Social Entrepreneur Is Planning To Replace LinkedIn With Purpose-Driven Alternative
Social entrepreneur and author of The Purpose Economy, Aaron Hurst, has hatched a plan to take over LinkedIn with a purpose-driven replacement called Imperative.
