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Monthly Archives: November 2011
November 15, 2011, 9:29 am
New Fund to Promote Innovation in Philanthropy
The 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 many great ideas out there,” he says. “How can you get them front and center?”
The alliance will announce the new fund Tuesday at the Inaugural Bipartisan Congressional Conference on Innovation in Giving and Philanthropy, which will feature discussions about social entrepreneurship and the role of technology in philanthropy, as well as a speech by New York Mayor Michael Bloomberg…
November 11, 2011, 10:23 am
A Donor Helps Push Innovation at Wharton
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 Wharton alumnus. It will award roughly $125,000 in grants each year.
“His interest is in taking advantage of the creativity of the Penn students and the Wharton students in addressing problems that are of larger scale,” says Don Huesman, managing director of the Wharton Innovation Group.
The fund will…
November 3, 2011, 10:53 am
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 an event in New York that will bring together innovators from the worlds of business, government, and social change. Video submissions are due November 18.
• Fast Company, the business magazine, has started a new Web site, Co.Exist, to highlight new approaches to fighting social ills that draw on business practices. “We’re for brash and creative solutions that make everyone rich while…
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