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Philanthrocapitalism
Philanthrocapitalism or philanthropic capitalism is a way of doing philanthropy, which mirrors the way that business is done in the for-profit world. It may involve venture philanthropy that actively invests in social programs to pursue specific philanthropic goals that would yield return on investment over the long term, or in a more passive form whereby " social investors" benefit from investing in socially-responsible programs. History The term appears as early as February 2006 in ''The Economist'', and was popularized by Matthew Bishop and Michael Green in their 2008 book ''Philanthrocapitalism: How the Rich Can Save The World''. The book was endorsed by Bill Clinton, who wrote in its foreword that this concept drives the Clinton Foundation.Linsey McGoey, ''No Such Thing as a Free Gift: The Gates Foundation and the Price of Philanthropy'', , 2015 The shift in implementing business models in charity is not a new concept – John D. Rockefeller and Andrew Carnegie sough ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philanthropy
Philanthropy is a form of altruism that consists of "private initiatives for the Public good (economics), public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private good, focusing on material gain; and with government endeavors that are public initiatives for public good, such as those that focus on the provision of public services. A person who practices philanthropy is a philanthropist. Etymology The word ''philanthropy'' comes , from 'to love, be fond of' and 'humankind, mankind'. In , Plutarch used the Greek concept of to describe superior human beings. During the Middle Ages, was superseded in Europe by the Cardinal virtues, Christian virtue of ''Charity (Christian virtue), charity'' (Latin: ) in the sense of selfless love, valued for Salvation in Christianity, salvation and escape from purgatory. Thomas Aquinas held that "the habit of charity extends not only to the love of God, but also to t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chan Zuckerberg Initiative
The Chan Zuckerberg Initiative (CZI) is an organization established and owned by Facebook founder Mark Zuckerberg and his wife Priscilla Chan with an investment of 99 percent of the couple's wealth from their Facebook shares over their lifetime. The CZI is legally set up as a limited liability company (LLC) that can be seen as a for-profit charity and is an example of philanthrocapitalism. CZI has been deemed likely to be "one of the most well-funded philanthropies in human history". Chan and Zuckerberg announced its creation on 1 December 2015, to coincide with the birth of their first child. Chan has said that her background as a child of immigrant refugees and experience as a teacher and pediatrician for vulnerable children influences how she approaches the philanthropy's work in science, education, immigration reform, housing, criminal justice, and other local issues. The Chan Zuckerberg Initiative's main areas of work include science, education, and justice and opportuni ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mark Zuckerberg
Mark Elliot Zuckerberg (; born May 14, 1984) is an American businessman who co-founded the social media service Facebook and its parent company Meta Platforms, of which he is the chairman, chief executive officer, and controlling shareholder. Zuckerberg has been the subject of multiple lawsuits regarding the creation and ownership of the website as well as issues such as user privacy. Born in White Plains, New York, Zuckerberg briefly attended Harvard College, where he launched Facebook in February 2004 with his roommates Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes. Zuckerberg took the Initial public offering of Facebook, company public in May 2012 with majority shares. He became the world's youngest self-made billionaire in 2008, at age 23, and has consistently ranked among the The World's Billionaires, world's wealthiest individuals. According to ''Forbes'', Zuckerberg's estimated net worth stood at US$221.2 billion as of May 2025, making him the s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Socially Responsible Investing
Socially responsible investing (SRI) is any investment strategy which seeks to consider financial return alongside ethical, social or environmental goals. The areas of concern recognized by SRI practitioners are often linked to environmental, social and governance (ESG) topics. '' Impact investing'' can be considered a subset of SRI that is generally more proactive and focused on the conscious creation of social or environmental impact through investment. '' Eco-investing'' (or ''green investing'') is SRI with a focus on environmentalism. In general, socially responsible investors encourage corporate practices that they believe promote environmental stewardship, consumer protection, human rights, and racial or gender diversity. Some SRIs avoid investing in businesses perceived to have negative social effects such as alcohol, tobacco, fast food, gambling, pornography, weapons, fossil fuel production or the military. Socially responsible investing is one of several related con ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Matthew Bishop (journalist)
Matthew Bishop is The Economist U.S. Business Editor and New York Bureau Chief, and a sought after expert on philanthropy. Previously, he was the London-based business editor. Early life and education Bishop was educated at Jesus College, Oxford, and was on the faculty at the London Business School. He was an adviser to the United Nations International Year of Microcredit in 2005. Bibliography Bishop wrote The Economist guides "The Pocket Economist" and "Essential Economics", passages from which were plagiarised in Saif al-Islam Gaddafi's PhD thesis, in a scandal at the London School of Economics. He is the also co-author of several books with Michael Green, including: "The Road from Ruin: How to Renew Capitalism and Put America Back on Top", " Philanthrocapitalism: How Giving Can Save the World", and the e-book "In Gold We Trust". References External linksProfileat ''The Economist ''The Economist'' is a British newspaper published weekly in printed magazine format a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Omidyar Network
Omidyar Network is a self-styled "philanthropic investment firm," composed of a foundation and an impact investment firm. Established in 2004 by eBay founder Pierre Omidyar and his wife Pam, Omidyar Network has committed over US$1.5billion to nonprofit organizations and for-profit companies across multiple investment areas. As of 2022, the organization has offices in Silicon Valley, Bengaluru, London, Mumbai, Nairobi, and Washington, D.C. History The Omidyar Network comprises a 501(c)(3) and a Limited Liability Company (LLC), and part of The Omidyar Group. It was established in 2004 by Pierre Omidyar and his wife Pam. In 2018, Omidyar Network spun off its Governance & Citizen Engagement initiative. The group now operates as Luminate, a global philanthropic organization that invests in civic empowerment, data and digital rights, financial transparency, and independent media. It is led by Stephen King. In 2019, Omidyar Network spun off its Financial Inclusion initiative. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Venture Philanthropy
Venture philanthropy is a type of impact investment that takes concepts and techniques from venture capital finance and business management and applies them to achieving philanthropic goals. The term was first used in 1969 by John D. Rockefeller III to describe an imaginative and risk-taking approach to philanthropy that may be undertaken by charitable organizations. Examples In the year 2000, the Chicago Public Education Fund became the only venture philanthropy in the United States focused on a single urban school district, which served as a catalyst and strategic investment partner for Mayor Richard M. Daley and four Chicago Public Schools (CPS) administrations. Other examples of this type of venture philanthropy are New Profit Inc., the Robin Hood Foundation, Tipping Point Community, Cure Alzheimer's Fund, The Redstone Acceleration & Innovation Network (TRAIN) initiative from FasterCures, the Asian Venture Philanthropy Network (AVPN), Social Ventures Australia (SVA) in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Linsey McGoey
Linsey McGoey (born 17 April 1978) is a Canadian sociologist and academic based in England. She is a professor in the Department of Sociology at the University of Essex. She is known for having written about philanthropy in her book ''No Such Thing as a Free Gift'' and co-editing the ''Routledge International Handbook of Ignorance Studies'' with Matthias Gross. Her next book, ''The Unknowers: How Elite Ignorance Rules the World,'' was published in 2019. Education and career She was educated at Carleton University, graduating with a BA in Journalism. She then completed an MA at the London School of Economics in Anthropology. She received a PhD from the London School of Economics The London School of Economics and Political Science (LSE), established in 1895, is a public research university in London, England, and a member institution of the University of London. The school specialises in the social sciences. Founded ... in 2007 with a thesis on The value of ignorance: ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Finance
Social finance is a category of financial services that aims to leverage private capital to address challenges in areas of social and environmental need. Having gained popularity after the 2008 financial crisis, it is notable for its public benefit focus.Organisation for Economic Co-operation and Development. �New investment approaches for addressing social and economic challenges.�� ''Science, Technology and Industry Policy Papers''. By Karen Wilson, 1 Jul 2014, pp. 41-81. Mechanisms of creating shared social value are not new; however, social finance is conceptually unique as an approach to solving social problems while simultaneously creating economic value. Unlike philanthropy, which has a similar mission-motive, social finance secures its own sustainability by being profitable for investors.Canada, Department of Employment and Social Development''Harnessing the power of social finance''.2 May 2013, pp. 10-26. Capital providers lend to social enterprises, who in turn, by investi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Microfinance
Microfinance consists of financial services targeting individuals and small businesses (SMEs) who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings account, savings and checking accounts; microinsurance; and payment systems, among other services. Microfinance product and services in MFI include: # Savings # Microcredit # Microinsurance # Microleasing and # Fund transfer/remittance. Microfinance services are designed to reach excluded customers, usually low income population segments, possibly socially marginalized, or geographically more isolated, and to help them become self-sufficient.Peck Christen, Robert; Rosenberg, Richard; Jayadeva, Veena. ''Financial institutions with a double-bottom line: Implications for the future of microfinance''. CGAP, Occasional Papers series, July 2004, pp. 2–3. ID Ghana is an example of a microfinance institution. Microfinance initially had a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Entrepreneurship
Social entrepreneurship is an approach by individuals, groups, Startup company, start-up companies or entrepreneurs, in which they develop, fund and implement solutions to social, cultural, or environmental issues. This concept may be applied to a wide range of organizations, which vary in size, aims, and beliefs. For-profit entrepreneurs typically measure performance using business metrics like Profit (economics), profit, revenues and increases in stock prices. Social entrepreneurs, however, are either non-profit organization, non-profits, or they blend for-profit goals with generating a positive "return to society". Therefore, they use different metrics. Social entrepreneurship typically attempts to further broad social, cultural and environmental goals often associated with the voluntary sector in areas such as poverty alleviation, health care and community development. At times, profit-making social enterprises may be established to support the social or cultural goals of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
