Foundation Grants
Community Vital Signs
About Us
New Inclusive Creative Economy Strategy to Demonstrate That the U.S. Creative ...
Foundation: Marguerite Casey Foundation, Marguerite Casey Foundation, Rockefeller Philanthropy Advisors, Skoll Foundation, Target Foundation, Ford Foundation, Philadelphia Foundation, Rockefeller Foundation
"The US creative economy was most recently valued at over $1 trillion by the National Endowment for the Arts," per a press release, "even before considering film, fashion, video games, beauty, food, and other key commercial creative industries."
Now, thanks to a $15 million investment from 14 funders, including the Andy Warhol Foundation for the Visual Arts, the "first dedicated impact investment portfolio for the US creative economy" is coming to life.
Upstart Co-Lab, a sponsored project of nonprofit Rockefeller Philanthropy Advisors, says the Inclusive Creative Economy Strategy will focus on investing in the creative industriesincluding film, fashion, video games, beauty, food, and other key commercial creative industriesthrough funds and companies to "secure blended value."
"The creative economy values merit and originality, it can help to build a more inclusive economic future," says Michael Quattrone, co-founder of the Skoll Foundation and Upstart Co-Lab.
"By demonstrating that putting more money to work in the creative economy can generate both attractive financial returns and positive social impact, this initiative can help break new ground for impact investing and build a more equitable and vibrant creative landscape in the US," says Roy Swan, director of mission investments for the Ford Foundation, one of the 14 funders.
Read the Entire Article
Selected Foundation News
A customized collection of news from foundations from around the Web.
Foundation: Howard Hughes Medical Institute
Researchers at the University of Alabama at Birmingham have been awarded $82 million over seven years from the National Center for Advancing Digital Sciencea record-breaking amount for the center,...more
Foundation: Rhode Island Foundation
Love is in the air, at least when it comes to the research projects funded by the Rhode Island Foundation. The nonprofit has awarded more than $360,000 in seed funding to 15 medical research...more
Foundation: Jack Kent Cooke Foundation
Four Miami Dade College students were surprised with "life-changing news" this week: They'd been named recipients of the Jack Kent Cooke Foundation's Cooke Undergraduate Transfer Scholarship, which...more
"To be able to invest a further ? 1 million in the North East at a time of such economic challenge for many is a privilege for the Foundation trustees, and we're thrilled to see the difference it...more
Foundation: Gates Foundation, Community Foundation of Jackson Hole, Packard Foundation
The Community Foundation of Jackson Hole in Wyoming has been named one of the nation's top 100 not-for-profit organizations by the Chronicle of Higher Education. The Jackson Hole News & Guide...more
Foundation: Berkshire Taconic Community Foundation
Ellsworth Kelly, widely considered the father of abstract art, died last week at his home in upstate New York at the age of 92. But his legacy lives on in the form of $1.5 million in grants to...more
"It's really exciting to see students be able to learn that welding and manufacturing can have an artistic flair," the executive director of the Center for Visual Arts in Wausau, Wis., tells...more
A wood-fired pottery kiln is a centuries-old tradition that's been passed down from generation to generation in Louisiana, and now it's making its way to western New York. The Buffalo News...more
The latest trend in kids' smartwatches is one that encourages healthy habits from an early age.NehBaby, a device from Kickstarter, aims to help kids ages 2 to 8 learn how to drink water, take a...more
"If your child is surfing the web in Manchester, they can be targeted by a bad actor halfway around the world," writes John Pizzuro in an op-ed for the New Hampshire Union Leader. And that's why...more
Social Entrepreneurship
Spotlight
Finding a Place in Mainstream Social Enterprise
Nell Derick Debevoise, Founder and CEO of Inspiring Capita, shares what she thinks are the three main ingredients in finding your place in social enterprise.