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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.
"We listened to the song and absorbed the lyrics' playful innuendos about sex and sci-fi,' and it spawned a whole concept of two videos in two worlds playing out in the exact same time and...more
When Brooke Beirute graduated from the University of Tulsa with a degree in elementary education and a minor in psychology, she didn't expect to end up teaching kids in Costa Rica. But that's...more
Foundation: Indianapolis Foundation
Lynne Arriale's new album, Being Human, is all about "people who exemplify Passion, courage, love, curiosity, and other human qualities," the Florida pianist tells Rita Kohn of the Indianapolis...more
"Time-trap thinking seems logical," writes Lori Carrell in the Los Angeles Times, "but it's short-sighted: Degrees mean real earning power and career growth, and many students do work during...more
Kids who learn to play musical instruments are more likely to be successful later in life, according to a new survey out of Australia. The survey of 115 primary school teachers in South Australia...more
A Vietnam veteran from Alabama has won first place in a creative writing competition for his poem about his father's death from injuries in the war, and second place for his poem about his service...more
"Every story of redemption is a story of hope and struggle. Through our hardest times, we discover things about ourselves that we never knew." That was the introduction to The Redemption of...more
"We strongly believe in a Library that serves every member of our community, and we thank California Humanities for recognizing our talented and diverse Library staff." Those are the words of...more
During the Covid-19 virus, many businesses took a hard look at how they do business and realized they needed to do more to attract and retain top talent, Forbes reports. According to a report...more
Italian crowdfunding site Ener2Crowd has just launched a new service called FidoGreen, which it says is the first "sustainable finance platform for sustainable investments," Quartz...more
Social Entrepreneurship
Spotlight
JustFund: Pioneering Equitable Philanthropy with Simplified Grantmaking
JustFund, a grantmaking platform built by funders and organizers of color, aims to revolutionize philanthropy by making it more equitable and efficient.
