The Era of Philanthrocapitalism

credit: Flickr

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.
Read the Entire Article

A customized collection of grant news from foundations and the federal government from around the Web.

How's Your Community Doing?
Check Out it's
Community Vital Signs

Uapb Chancellor'S Scholarship Gala Celebrates Philanthropy and Elegance
Foundation: Rockefeller Foundation, Winthrop Rockefeller Foundation

The University of Arkansas at Pine Bluff is honoring five people for their "extensive community involvement, philanthropic endeavors, and exemplary service to the community," per a release. The...more

Plasticfri, Swedish Eco-Friendly Startup Wins S'Pore Biz Competition

When Max and Allen Low were kids, their parents would ask them to spend a few minutes picking up garbage. "This became a habit which continued into adulthood, and we still make time for that...more

Glacier Bank, Federal Home Loan Bank Award $190K to Montana Nonprofits
Foundation: Whitefish Community Foundation

"Through our collective efforts, we're not just providing financial support, but we're investing in Montana's vitality and resilience." That from Mike Smith, president of Glacier Bank, which...more

The Our Fund Foundation and Community Foundation of Broward'S 2024 Lgbtq+ Social ...
Foundation: Community Foundation of Broward

Ten nonprofit organizations in South Florida are getting a total of $300,000 in grants thanks to a new fund meant to fight discrimination in the LGBTQ community. The Our Fund Foundation and the...more

Senate Bill Encouraging Mental and Physical Health Education in Schools Works Its Way ...

"It's more than just food and water and shelter, we now know that as a society, we now know that as a society." That's what an Alaska school board member has to say about a bill that would...more

Challenges of Hinterland Tourism

If you're looking for a getaway from the city that never sleeps, India's Goa is the place for you. But if you're looking for a getaway from the city that never sleeps, Goa is the place for...more

During Nysc, I Sacrificed Pleasure, Became Stingy to Grow My Food Business

When Gladys Markus graduated from her accounting course at Nigeria's Plateau State University last year, she had one thing on her mind: Starting a food business. The then-22-year-old had been...more

Australian Entrepreneur Hailed for Cleaning Philippines' Trash-Strewn River €“ but Will It Last?

"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

Penticton Prospera Branch Donates $5K to Local Breakfast Program for Kids

"A nutritious breakfast isn't just about filing empty stomachs; it's about nourishing young minds." That's what Vicki Cutler, a branch manager at Prospera Credit Union in British Columbia, had to...more

Devin Booker Starting 5 2023-24 Grant Recipients Announced

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