In their search for financial sustainability, nonprofits are increasingly turning towards profits. Social enterprises, or businesses with a social mission offering a variety of products and services, are mushrooming. Despite the apparent unfair business advantage of grants, donations and widespread…
Social entrepreneurs effect systemic, large scale social change through innovative approaches. Studies of social entrepreneurs find and emphasize similarities with business entrepreneurs. But it is the one crucial difference between the two that determines their methods and impact – money.…
Today’s philanthropists are heeding Andrew Carnegie’s advice: Give away your fortune while you are still alive, or die rich and die disgraced. While the size of their mega giving has captured the public imagination, it is really the boldness and…