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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.
Badari Ambatti and his wife, Roopa Hhaprakash, moved from Bengaluru, India, to Garden City Park in New York about 10 years ago, and since then, they've made a home for themselves and their daughter,...more
"People used to go swimming in it, and then how grateful [they] are for the work that we're doing in conjunction with the government and other organizations," Mike Smith tells This Week in...more
Devin Booker is making good on his promise to give $2.5 million to Arizona nonprofits over the next five years. The NBA player and the Phoenix Suns have announced the recipients of the 2023-24...more
It's not every day that a group of senior citizens wins a big prize, but that's exactly what happened to seniors in Kingsford, ND, last week. The Dickinson Area Community Foundation's Golden K...more
"Don't be afraid to be magnificent." That's the advice of the late Bruce Montgomery, who founded the Bruce Montgomery Foundation for the Arts in Philadelphia more than 50 years ago. Now, an...more
Foundation: Bloomberg Philanthropies
A small Canadian town is getting $50,000 to help its youth fight climate change, the CBC reports. "We are super excited about this, because we are one out of 100 municipalities in the world that...more
Foundation: Central Valley Community Foundation
"California has a unique opportunity to further its efforts to build a'regions' approach to development that brings together goals surrounding economy, equity, and environment," says Ashley...more
"We want to celebrate and lift everyone's heritage and we indeed have many stories literally from most of the corners of the world," Pablo Obregon tells the West Central Tribune. Obregon is the...more
The Starved Rock Country Community Foundation is asking for donations for its 2024 Spring Appeal, which will fund education, mental health, local history, fine arts, entrepreneurship revitalization,...more
On Thanksgiving Day in 1937, the Carroll Theatre in Westminster, Md., opened its doors to the public for the first time. Today, it's the home of the Carroll County Arts Council. The nonprofit...more
Social Entrepreneurship
Spotlight
This Social Innovation Helps Prevent Bed Sores in Wheelchair Users
Co-founders William Mann and David Mravyan devised the Sensimat during a mandatory project for their MBA at the Richard Ivey School of Business in Canada. Sensimat is a device that helps manage and assess pressure among wheelchair users.
