Could Embracing Innovation Accelerate Progress in Philanthropy?


Foundation: Gates Foundation, Rockefeller Foundation, Winthrop Rockefeller Foundation

Despite $60 billion dollars going toward philanthropic causes each year, no philanthropist can identify a problem they have actually solved. While hungry people may be fed, and homeless people may be given a place to live, the problems of hunger and homelessness still exist. The same cannot be said, however, in other endeavors which involve large sums of money. Of such example is the tech industry.


In the tech industry, problems are identified, researched, developed, and eventually solved. Take the iPhone, for example. Philanthropic efforts do not end problems, and thus the money might be better spent elsewhere. This is not to say philanthropy is a bad thing, but we may want to consider where these billions of dollars in grants handed out each year are actually going.




Read the Entire Article


Selected Foundation News

A customized collection of news from foundations from around the Web.

Social Impact Groups Bolster Leadership

One of Australia's most high-profile business leaders is leaving his post at the Australian Securities Exchange to lead the country's largest anti-slavery organization. David Braga, who has...more

Harvard Business School'S New Venture Competition Awards $225K in Cash Prizes

"The New Venture Competition provides a rigorous platform through which students develop their business ideas as a positive force for change," says Elise Bates, the new director of Harvard Business...more

Adron Boss, Adetola Emmanuel-King, Celebrates New Age

"If you describe the real estate magnate, Aare Adetola Emmanuel-King as a social entrepreneur extraordinaire, you will definitely not be faulted. As the Chairman and CEO of Adron Homes and...more

Plasticfri, Swedish Eco-Friendly Startup Wins S'Pore Biz Competition

When Max and Allen Low were kids, their parents would ask them to spend a few minutes picking up garbage. "This became a habit which continued into adulthood, and we still make time for that...more

Glacier Bank, Federal Home Loan Bank Award $190K to Montana Nonprofits
Foundation: Whitefish Community Foundation

"Through our collective efforts, we're not just providing financial support, but we're investing in Montana's vitality and resilience." That from Mike Smith, president of Glacier Bank, which...more

The Our Fund Foundation and Community Foundation of Broward'S 2024 Lgbtq+ Social ...
Foundation: Community Foundation of Broward

Ten nonprofit organizations in South Florida are getting a total of $300,000 in grants thanks to a new fund meant to fight discrimination in the LGBTQ community. The Our Fund Foundation and the...more

School Board Set to Name Superintendent Finalists

The superintendent of a Georgia school district is stepping down after less than two years on the job. Dalton Public Schools Superintendent Tim Scott, who began in the position in 2018, will take...more

Senate Bill Encouraging Mental and Physical Health Education in Schools Works Its Way ...

"It's more than just food and water and shelter, we now know that as a society, we now know that as a society." That's what an Alaska school board member has to say about a bill that would...more

Challenges of Hinterland Tourism

If you're looking for a getaway from the city that never sleeps, India's Goa is the place for you. But if you're looking for a getaway from the city that never sleeps, Goa is the place for...more

During Nysc, I Sacrificed Pleasure, Became Stingy to Grow My Food Business

When Gladys Markus graduated from her accounting course at Nigeria's Plateau State University last year, she had one thing on her mind: Starting a food business. The then-22-year-old had been...more






Co-founders William Mann and David Mravyan devised the Sensimat during a mandatory project for their MBA at the Richard Ivey School of Business in Canada. Sensimat is a device that helps manage and assess pressure among wheelchair users.




Federal Government Grant and Assistance Programs



Edited by: Michael Saunders

© 2008-2024 Copyright Michael Saunders