Hybrid social-enterprise model emerges
A hybrid model of social enterprise has emerged over the last 10 years that combines profit-making business with nonprofit organization, dual-mission companies that aim to addressing the financing difficulties faced by many nonprofits, especially help raise the capital they need to expand, The New York Times reported Oct. 25 (see hybrid model story).
Corporate philanthropy focuses more on impact
Corporate philanthropy is moving beyond check-writing, with companies becoming more creative and focusing on making more of a difference while spending less cash, a change driven by corporate shareholders who want to tighten the purse strings, and by a greater emphasis in society on public service, U.S. News and World Report reported Oct. 25 (see corporate philanthropy story).
Gates Foundation focuses 20% of grantmaking on U.S.
Melinda Gates, co-chairman of the Bill & Melinda Gates Foundation, which has a $33 billion endowment that makes it the largest philanthropy in the world, says the foundation focuses its grantmaking on global health, global development and U.S. programs, with 20 percent of overall grantmaking going to U.S. programs, The New York Times reported Oct. 22 (see Melinda Gates story).