Home
Focus Areas
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.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
A New Mexico nonprofit is looking for a director to help it "shift current agricultural and land stewardship practices in ways that produce good food, support meaningful livelihoods in rural places,...more
"Lots of people can't kick because they don't have the coordination, but everybody can throw catch." That's how a UK nonprofit is using basketball to help young people deal with mental health...more
Arizona's OneAZ Credit Union is putting its money where its mouth is. Every time a member uses their debit card at the bank, OneAZ contributes 1 cent to the OneAZ Community Foundation, which in...more
"We are the only resource for free mental health services in Snohomish County and often the only available option for older adults experiencing depression, anxiety, and grief," says Nancy Brosemer,...more
When you think of Berkshire County, Massachusetts, you probably don't think of the Great Depression. But when you think of the crumbling chimneys on Ventfort Hall, the 19th-century mansion that's...more
It's been 20 years since TimberTown Park was built in Chelsea, Mich., but that doesn't mean it's been neglected. That's why community members are coming together to revamp the park, which has...more
It's a good thing Jake Barrow has a soft spot for old buildings. "I love really good modern architecture, but I appreciate that we can save some of the older buildings," he tells the Albuquerque...more
Sienna Arellano was very shy when she started her robotics team at Niwot High School in Colorado. "I have not yet met a student or teacher who isn't passionate," the 18-year-old tells the...more
When Richard and Mary Jane Weeks of Fallbrook, Calif., died last November at the age of 90, the San Diego Union-Tribune reports, they left behind legacies so large that it's hard to believe they...more
It's time for the US to get serious about regulating artificial intelligence, according to a new report from a bipartisan group of senators. The report from the Bipartisan Senate AI Working...more
Social Entrepreneurship
Spotlight
Social Entrepreneurship: The Right Balance of Doing Good and Doing Well
Social entrepreneur and co-founder of nonprofit Jolkona, Adnan Mahmud, discusses his definition of a successful social entrepreneur. He describes the social entrepreneur as someone who has found the right balance between doing good while doing well.
