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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.
Students in the Texarkana, Ark., school district will get a boost in science, technology, engineering, arts, and mathematics thanks to a nearly $13 million grant from the US Department of...more
"Adventure" is the theme for this summer's Summer Reading programs in Pawhuska, Okla., and a local Boy Scout troop took that to heart. On Wednesday, May 22, members of Boy Scout Troop 43 visited...more
The National Endowment for the Arts has awarded $2,710,300 to 35 Ohio arts organizations, including $40,000 to the Cleveland Baroque Orchestra. The grants, one of the largest in the agency's...more
"What does a theater festival that has Jaboukie Young-White, Milo Rau, a set by Billie Eilish and Steve Lacy, and a new show with Ayo Edebiri and Paul Mescal look like? I'm not sure, but I'm excited...more
Marissa Feinberg is a PR and branding expert known for her work in the fields of social design, coworking, and psychedelic therapy, but she's now found herself in the spotlight for something else...more
An ex-beauty queen in Nigeria is putting her money where her mouth is. Tomi Lydia Salami, a social entrepreneur and former beauty queen, is holding an environmental awareness convention for high...more
The nation's oldest bell tower is playing patriotic music all weekend long in honor of Memorial Day. The Mahanay Memorial Carillon Tower in Jefferson, Pa., will play digital patriotic music from...more
"For 150 years, higher education has been really admired and frankly critical to American democracy," University of Pennsylvania professor and vice provost for global initiatives Ezekiel Emanuel...more
The Delaware beach town of Bethany Beach is hosting its first-ever Cellofest this weekend, a series of free events featuring renowned cellist Jennifer Kloetzel and unusual cellos by Erica Lessie,...more
"There are only so many works we can produce," saysliana de la Guardia, executive director of Boston's Guerilla Opera. "Yet, there is still a need in the community to gather and develop...more
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.
