The Era of Philanthrocapitalism


Foundation: Gates Foundation

credit: Flickr

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.

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The Era of Philanthrocapitalism
Foundation: Gates Foundation

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...more

$7 Million in Native Grants From Ford Foundation
Foundation: Ford Foundation

Ford Foundation has bestowed seven million dollars to Native American communities and organizations. The grant money is split between several groups, but there is a common cause. The belief behind...more

$2.8 Million to Support the Arts in Akron Ohio
Foundation: Akron Community Foundation

The Akron Community Foundation has awarded a $2.8 Million grant to arts organizations in Summit County. $509,000 of that money will be used for dance programs for the county. It will also fund...more

New Grants, Programs And Partnerships Unveiled In Effort To Boost Boston Arts
Foundation: Barr Foundation, Boston Foundation

This article goes into great detail on the goals and plans that Boston is taking to increase the practice and presence of art in the city. It first discusses the reason behind the project. Mayor...more

Corporate aid continues for arts groups

The Arts Alive Foundation, sponsored by PNC Bank, has selected seven worthy organizations to receive grants totaling $250,000. An endeavor that has been carried out for the last seven years, the Arts...more








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Edited by: Michael Saunders

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