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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.
More than 3,000 kids in Aberdeen, Scotland, sang "Northern Lights of Old Aberdeen" in front of thousands of family and friends over the weekend as part of the city's annual "Big Sing" event, the BBC...more
Massachusetts' Fitchburg State University is adding two new majors this fallone in creative arts therapies and one in creative arts enterprisemaking it the first public institution in the state to...more
Frances Bronet, president of New York's Pratt Institute, has been named chair of the Association of Independent Colleges of Art and Design, a group "dedicated to strengthening creative institutions,...more
The Oklahoma Arts Council has released its annual list of grant requests, and it's a doozy. This year's list includes a call for artists to "bring the arts to other statewide organizations," as...more
When does 30 equal a million? When it's the Spring Dance marking the Center for Creative Education's 30th anniversary, the Palm Beach Post reports. The dinner dance took place March 4 at Club...more
A 14-year-old girl in the UK got the chance of a lifetime this week when she appeared on a show hosted by the son of celebrity chef Jamie Oliver, the BBC reports. On Cooking Buddies, 14-year-old...more
The National Institute of Dramatic Arts in Australia is offering a master's degree in "ecoscenography"that is, "ecological design for performance," reports the Guardian. The program is the first...more
An annual surf and music festival in the UK has given more than $115,000 to dozens of charities. The Boardmasters Festival in Cornwall, which runs from Aug. 7 to 11, raised the money through...more
A community college in Muskegon, Mich., is offering a full ride for any student willing to take a year of classes there, the Muskegon Chronicle reports. Muskegon Community College is offering a...more
Cal Ripken Jr. is known for his achievements on and off the field, and now he's making headlines for what he doesn't do on the field. The baseball Hall of Famer, who grew up in Baltimore,...more
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Social Entrepreneurship
Spotlight
Partnerships in Social Enterprises Can Increase Social Impact
Chief executive of HCT, Dai Powell, shares the experiences and practical lessons he learned along the way when teaming up with Ealing Community Transport to deliver site transport during the Olympic Park construction.
