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A course run by Harvard and the University of Zurich, in collaboration with the World Economic Forum, called "Impact Investing for the Next Generation," aims to equip rich young millennials with the skills to make more impact investments that are designed to benefit society as well as turn a profit.
The push comes amid rising pressure on the world's wealthiest citizens to give more back.
They are also taught soft skills, especially how to deal with family politics to convince people to support their ideas, and find peers as well as consultants to help support programs.
Participants had to pass an interview before paying up to $12,000 for a week of classes in the U.S. and Switzerland, not including airfares and board. A more intensive related course costs $58,000.
Graduates are encouraged to evaluate assets in the family business that could be used to deliver assistance to benefit those in need.
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Social Entrepreneurship
Spotlight
This Social Innovation Helps Prevent Bed Sores in Wheelchair Users
Co-founders William Mann and David Mravyan devised the Sensimat during a mandatory project for their MBA at the Richard Ivey School of Business in Canada. Sensimat is a device that helps manage and assess pressure among wheelchair users.
