Philanthrocapitalism: How the rich can save the world – Matthew Bishop and Michael Green | .

Philanthrocapitalism: How the rich can save the world – Matthew Bishop and Michael Green

Olivier Kayser

1 December 2008

Alliance magazine

This is a book worth reading for anyone interested in today’s philanthropy. The philanthropic landscape presented (though with a strong Anglo-Saxon bias) challenges the reader with the bold view that the ‘philanthrocapitalism revolution’ will succeed in eradicating the world’s toughest problems where governments, NGOs and businesses have failed.

via Philanthrocapitalism: How the rich can save the world – Matthew Bishop and Michael Green | ..

via Philanthrocapitalism: How the rich can save the world – Matthew Bishop and Michael Green | ..

The Social Impact Bond or how to win-win-win | .

The first issue of a new financial instrument to raise capital for the social sector was announced in the UK last Thursday. The Social Impact Bond (SiB) (See Alliance, March 2010), launched by Social Finance in partnership with the UK’s Ministry of Justice, will fund social organizations working to reduce re-offending rates among short-sentence male prisoners leaving Peterborough Prison. Organizations, such as St Giles Trust, will provide intensive support to 3,000 short-term prisoners over a six-year period, both inside prison and after release, to help them resettle into the community. If the initiative reduces re-offending by 7.5 per cent or more, investors will receive a share of the consequent savings to the public purse. If re-offending is reduced even further, investors will receive a proportionately increased return, up to a maximum of 13 per cent (interestingly, the Ministry of Justice press release looks at the matter from the other side: ‘If reoffending is not reduced by at least 7.5 per cent the investors will receive no recompense’). What sort of savings are we talking about? As an instance, Rob Owen, Chief Executive of St Giles Trust says that a recent independent evaluation of St Giles’ work showed that its ‘”meet at the gates” service reduced re-offending by 40 per cent. Pro Bono Economics calculated that, for every pound invested in this St Giles Trust service, the state saves over £10.’

via The Social Impact Bond or how to win-win-win | ..

via The Social Impact Bond or how to win-win-win | ..

Social Enterprise | Grants offered to Nonprofit Organizations by Staples Foundation for Learning

Nonprofit organizations have a friend in The Staples Foundation for Learning, which has awarded nearly $300,000 in grants to support the development of youth programs. Staples Foundation is a private foundation founded by the office supply company Staples, Inc. The purpose of the foundation is to support nonprofit organizations that provide educational professional and social opportunities that at risk youths need to succeed.

The Staple’s Foundation for Learning’s mission is to “teach, train, and inspire the next generation of community leaders,” says Ron Sargent, president of Staples Foundation for Learning and chief executive officer of Staples, Inc. Sargent also says that “we remain committed to helping youth realize their full potential.” The Foundation was founded in 2002 and has contributed more than $17 million to nonprofit organization with local and worldwide service areas. The main areas of focus are addressing those nonprofit organizations that help disadvantaged youth.

The Foundation for Learning is determined to encourage the education of young people and foster their human potential. The Staples Foundation for Learning strives to encourage children of all ages and backgrounds to discover the joy of academic achievement. It is the belief of the Foundation that building a love of knowledge is a fundamental achievement and will be invaluable to their success.

via Social Enterprise | Grants offered to Nonprofit Organizations by Staples Foundation for Learning.

via Social Enterprise | Grants offered to Nonprofit Organizations by Staples Foundation for Learning.