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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.
If you're looking for a good time while raising money for a good cause, try golf. The Salvation Army in Virginia Beach held its annual " Swings Fore Strings" fundraiser on Saturday, hoping to...more
Foundation: Kresge Foundation, Tow Foundation, Bloomberg Philanthropies
"There's no real reason why the arts, health, and science shouldn't be much more highly integrated," says Lear deBessonet, a Tony-nominated theater director and co-director of the One Nation One...more
A 16-year-old from Rhode Island is headed to Washington, DC, in April to compete in the Poetry Out Loud national finals. Jennifer Shon, a junior at Portsmouth Abbey School, won the state...more
A Louisiana community college is adding a new concentration to its culinary arts degreeand it's all about health. Sowela Technical Community College's new Culinary Medicine Concentration blends...more
Hudson's Bay is putting its money where its mouth is. The Canadian department store is donating $1 million to support Indigenous communities across the country, the CBC reports. The donation...more
"When I met with Gibson and a fellow trustee, Ronnie Greenwood, we quickly established a working relationship to consider how music students at [the University of the West of Scotland's] Ayr Campus...more
"People often ask me why I chose wood. The answer is, that was the material that was available to me," said Thaddeus Mosley at SculptureCenter's annual gala in New York City last night. The...more
"When your peers are staring at you, waiting for instruction, it makes it hard to want to experiment, or create the sense of dynamism or play that brings music to life." So says James Spinazzola,...more
For 30 years, students in Santa Rosa, Calif., have had the option of studying either the visual or performing arts, the Press Democrat reports. Now they've got a chance to see their work up close...more
The American Theatre Wing, the force behind the Tony Awards, is putting its money where its mouth is. The group has awarded more than 250 students in 34 states with grants to help them continue...more
Social Entrepreneurship
Spotlight
Calgary Social Enterprise Offers High-Tech Services by People with Autism
Meticulon, a project of Autism Calgary Association in partnership with the federal government and the Sinneave Family Foundation, operates as a social enterprise that renders high-tech services provided by people with autism, leveraging their natural abilities at requiring attention to detail, repetition, and sequencing.
