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It's that time of year again: time to think about how you'd like to spend your money over the course of your life.
And if you're among the ultra-rich, here's a suggestion from a South African bank: invest some of your money in something that has a "positive social or environmental return" on it.
Specifically, it's called "impact investing," and it involves putting money toward projects that have a "positive social or environmental return" as well as a financial return.
"Most importantly, make each rand work harder for both a financial return and the desired social or environmental impact," writes Silvia Siluma of FNB Philanthropy in a blog post.
She's talking about South Africa, where the unemployment rate in the third quarter of 2018 was 31.9%, and where 55.5% of people live below the poverty line.
"The scale of the problems South Africa faces is significant and overwhelming," she writes.
"One's isolated personal giving may be insufficient unless one works collaboratively and leverages each donated rand for greater impact."
So what is impact investing? It's "a steadily growing field," writes Siluma.
"From affordable housing to quality education to water and road infrastructure, impact investors are investing in
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
"It's very nice to be recognized. It's an honor to be a part of something that's global." So says P.B. Scott, president and CEO of the Musson Group, after being named the Master...more
As the world shifts away from fossil fuels, workers in coal-mining states in India are bracing for job losses, Bloomberg reports. According to a report from the Center for Policy Research,...more
"When I came to Harare from Zaka, I had nobody and knew nobody, but I had to define my career path and carve my own niche, hence the confidence that all these important people here now have in...more
The Greater Hermiston Community Foundation is accepting applications for its 2024 grant cycle. Local organizations serving Hermiston, Umatilla, Stanfield, Echo, and Irrigon are eligible to...more
Foundation: Kellogg Foundation
For more than 30 years,Henrie Treadwell has been fighting for racial equity at the University of South Carolina, where she became the school's first black graduate since Reconstruction, the...more
If you're an artist trying to break into the music business, there's a good chance you've never heard of entertainment law. But if you're a law student at Mercer University in Georgia, you may...more
Amy Reese, a veteran and CEO of ARC Business Solutions, says she's "thrilled to see the impact" her organization's "Business Boots on the Ground" program will have on military veterans in...more
The University of Colorado at Boulder is in the news this week for an unusual reason: It's hosting a two-day "staff summit" next week that's open to all staff members, reports the Daily...more
Baltimore's Mitchell family is putting its money where its mouth is, awarding a $50,000 grant to Excellence & Ambition, a nonprofit that helps young people ages 14 to 21 launch and grow their own...more
South Dakota's Rapid City and Sioux Falls are two of 13 communities to receive a child care grant from the Governor's Office of Economic Development, and they're using it to do something about the...more
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Social Entrepreneurship
Spotlight
Social Enterprise: Reaching Out to the Private Sector for Help
John Converse Townsend, a Forbes contributor, shares what can the private sector do for a social enterprise. He encourages social enterprises to reach out to corporations for help to scale up their businesses.
