Philanthropy and Social Entrepreneurship

In response to today’s changing landscape, the definition of philanthropy is evolving into one of social entrepreneurship both nationally and globally. Women make up a reported 43 percent of the U.S.’s top wealth holders (individuals with assets of $1.5 million or more) and they are increasingly likely to make contributions based on personal preferences rather than those of spouses or other family members. Women of means are increasingly pooling their resources with like-minded women through funding circles, women’s foundations and associations such as the Women’s Funding Network and the Women Moving Millions campaign. Because women live longer than men, they are expected to manage much of the $41 trillion in charitable giving that is projected to take place over the next 50 years. NCRW seeks to increase networking, and to encourage women to discover their giving capacity by contributing to causes that inspire them most.

Gender Equality as an Investment Concept

January 23, 2009 posted by Shyama Venkateswar, Kyla Bender-Baird, and Lisa Rast The room was filled to capacity at Demos’ latest panel for their Women’s Leadership Initiative.  Women (and a few men) from all sectors joined together to discuss gender equality as an investment concept.  Anne Black from Goldman Sachs discussed their 10,000 Women initiative.  The driving idea behind this timely initiative is that investing in women’s business skills is the fastest way to grow GDP.  Joe Keefe from Pax World Mutual Fund, which recently took over Pax’s Women’s Equity Fund, argued that gender equality should be framed as an investment imperative, not a moral one. In fact, gender equality helps to grow the bottom line.  Finally, Ritu Sharma, co-founder of Women Thrive Worldwide, demonstrated the importance of building crucial infrastructure to aid women across the globe, who otherwise spend much of their day gathering water and fuel, and caregiving.

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