The non-profit world thrives on great ideas.
The Alliance for Global Good, a non-profit that promotes collaboration and sustainability in philanthropy, recently announced a fund to promote innovation in philanthropy. The Innovation Fund will initially have about $10 million.
Though logistics are still getting ironed out, David M. Brand, the alliance’s chief executive, is interested in helping great ideas gain prominence and attention. Many organizations, especially small ones, are doing extraordinary things but receive little attention.
Brand cites Sweet Beginnings, a honey business that trains young people that have been incarcerated, as an innovative inspiration for the fund.
The for-profit honey business was created by the North Lawndale Employment Network to help residents of some of Chicago’s lowest income neighborhoods gain employment. By creating a market-driven revenue stream by selling honey, Sweet Beginnings has been able to see growth even during these tough economic times.
Brand hopes the Innovation Fund will help both established and start-up non-profits. The fund will begin accepting proposals for requests early next year.
“We want to take an operation and help it grow and mature,” Brand said.
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