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If you're in the business of making the world a better place, there's a new model you may want to try: social enterprise.
As the Social Enterprise Council of New South Wales, Australia, explains in a press release, "social enterprises do three things: They have a social, cultural, or environmental purpose, they generate a substantial portion of their income from trade, and they invest profit and resources into their purpose so that public/community benefit outweighs private benefit."
In other words, they're "business for good," explains Mashable.
But they're not just for big cities: Social enterprises are now a thing in every region of Australia, and organizers of an inaugural "Social Impact in the Regions" conference in Coffs Harbour say it's the biggest such gathering ever in the region.
"There is so much to be done in our region to support housing shortages, to young people in their future pathways and beyond," conference organizer Kerry Grace tells the News of the Area.
"Impact practitioners need all the support they can get and this conference has been designed to do just that."
Speakers at the Sept.
6 conference will examine funding models to "enable more sustainable, impactful activities and network with like-minded people working in regional Australia,"
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Haril Kazindra and wife Andrea are the co-founders of Musana, a community development NGO that runs 19 social enterprises across Uganda.Musana has offices in Denver and London and employs 700 staff,...more
Foundation: Lilly Endowment
All In Kosciusko exists to promote and accelerate the economic and community development already happening across the county.Concerns about economic diversification, talent retention and quality of...more
The Bill Gatton Foundation supports K-12 and higher education, health, and community development in Kentucky, Upper East Tennessee, and Southwest Virginia.Large education grants include $13.5 million...more
Local organizations win $9 million for new affordable housing, social services.Connecticut's Community Investment Fund grants come amid a deluge of cuts to federal funding.The fund was established in...more
Foundation: Parasol Tahoe Community Foundation
Parasol Tahoe Community Foundation has proudly supported Bread & Broth for the past 10 years.In 2024, the Community Foundation was able to introduce the mission of Bread and Broth to a donor who is...more
Foundation: Latino Community Foundation
Latino Community Foundation Awards $3.88M in Grants Across California and Nevada.NewsBreak: Latino Community Foundation awards $3,000,000 in grants across California andNevada.Newsbreak: $1.5 million...more
Alejandro Betancourt Lopez rejects traditional corporate social responsibility models that separate business operations from community impact.Rather than limiting community engagement to corporate...more
Thoughtful giving isn't just about making a donation, it's about creating meaningful impact.Community foundations exist to connect generosity with need, ensuring that charitable giving is both...more
Kareem Thomas most recently served as Chief Credit and Lending Administration Officer at Reinvestment Fund.Bhavani Daryanani has more than 20 years of experience in the sector, bringing deep...more
SECU Foundation has been named a recipient of the 2024 Carolinas Credit Union Foundation Hero Award for Partner in Philanthropy.The SECU Foundation promotes local community development in North...more
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Wells Fargo Foundation
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Social Entrepreneurship
Spotlight
When it Comes to Social Enterprises, Failure is the Best Platform for Innovation
In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.
