Foundation Grants
Community Vital Signs
About Us
The PIDS (Philippine Institute for Development Studies) has released a study asserting that the country needed to develop policies which would enhance social enterprises. Marife Ballesteros and Gilberto said in the study that social enterprises could help decrease the distance between economic growth and people living in poverty.
They believe that social welfare, economic development and encouraging investors can help communities be more economically self sufficient. The United Nations has a program to help countries develop more business and sustainable economies.
A survey done in 2013 by the Institute for Social Entrepreneurship in Asia estimates that there are around 30,000 businesses in the Philippines. There is a bill pending in Congress that would help these enterprises.
The types of help would include tax exemptions, special credits, financial help for these companies. This bill would also include Government support in the form of informational assistance. Another aspect of the bill provides incentives for businesses that hire people with disabilities.
Ballesteros and Llanto maintain that unlike other laws this bill would not exempt companies from paying minimum wage. The new bill faces a few hurdles.
One problem is that it doesn't accurately define the difference between businesses that are for profit and those that are not for profit. There is also a question of whether there would be conflicts between the private and Government interests.
The Authors of the study that this bill can enable businesses to thrive. They state that the Philippines has the necessary ingredients for businesses to expand and help end poverty.
Read the Entire Article
Selected Foundation News
A customized collection of news from foundations from around the Web.
The Green Climate Fund is the world's biggest dedicated fund designed to help developing countries mitigate and adapt to climate changeand it's looking for new investments. Henry Gonzalez, the...more
Two of the world's biggest financial institutions have come together to call for an end to plastic pollution. In a joint statement, Triodos Bank and Triodos Investment Management say it's...more
"The future of our nation hinges upon its young,educated, and socially conscious demographic," State Bank of India CEOjay Prakash says in a press release. Prakash is referring to the roughly 1...more
"When I met with Gibson and a fellow trustee, Ronnie Greenwood, we quickly established a working relationship to consider how music students at [the University of the West of Scotland's] Ayr Campus...more
Nancy Brinker is the founder of the Susan G. Komen for the Cure breast cancer charity, but she's also the author of a best-selling memoir about her own battle with the disease. So it was only...more
A team of University of Pittsburgh health sciences students has won a " Healthy Equity Innovation Award" at a national case competition for their plan to deal with a pandemic involving...more
"By investing in our employees' holistic well-being, we are setting a new standard for what it means to be a truly people-first organization in the healthcare industry." So says John Sebastian,...more
WhenBilha Obaigwa arrived in the US from Kenya in 2019, she had already earned a bachelor's degree in law back home in her native Kenya. So she set out to pursue a master's degree in health law...more
"People often ask me why I chose wood. The answer is, that was the material that was available to me," said Thaddeus Mosley at SculptureCenter's annual gala in New York City last night. The...more
"When your peers are staring at you, waiting for instruction, it makes it hard to want to experiment, or create the sense of dynamism or play that brings music to life." So says James Spinazzola,...more
Social Entrepreneurship
Spotlight
Why People Buy from Social Enterprises?
The Guardian has compiled a list of responses to its latest open thread, and has announced the winner of the social enterprise gift hamper packed with presents.