How to Make Society’s Risk Capital Riskier

by | Jul 29, 2020 | Press

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Philanthropy must hire outside the box, write the first check, and take unsolicited applications.

Rob Reich has argued that philanthropic foundations have a special role in discovery and experimentation: As society’s “risk capital,” they can afford to enable innovation in ways that companies and governments can’t or won’t. In response to both COVID-19 and to the global call to address racial inequality and exclusion, philanthropy’s unique role will be more important than ever. But are contemporary foundations wired for their purpose?

Read the full op-ed in the Stanford Social Innovation Review >>

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