Monthly Archives: November 2011

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New Fund to Promote Innovation in Philanthropy

Alliance for Global Good logoThe Alliance for Global Good, a grant-making organization in Greensboro, N.C., is starting a fund to promote innovation in philanthropy. While the exact size of the fund hasn’t been decided, organization officials say it is likely to be in the $10-million range.

The alliance hopes that the fund will draw attention to charities that have found new approaches to tough problems and provide money to help them expand their work, says David M. Brand, the organization’s chief executive.

“There are so…

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A Donor Helps Push Innovation at Wharton

Ben Franklin statue at the Wharton School of the University of Pennsylvania

The Wharton School of the University of Pennsylvania has started a major innovation effort. (Photo by Kendall Whitehouse for the Wharton School)

The Wharton School of the University of Pennsylvania has announced a new fund that will award grants to ventures that grow out of university courses—part of a larger innovation effort at the prestigious business school.

The Wharton Innovation Fund was created by a $2.7-million gift by Alberto Vitale, former chief executive of Random House and a Wharto…

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Innovation Roundup: McKinsey Sponsors Video Contest

Harnessing innovation for social good is in the news this week:

• McKinsey & Company, the consulting group, wants to build a showcase of new ideas to tackle tough social problems, such as economic development, education, health, and the environment. So the company has put out a call for short videos—a minute or less–that describe a social innovation with the potential to create real change. The best videos will be featured on the company’s Web sites, and their creators will be honored at a…