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It's that time of year again: time to think about how you'd like to spend your money over the course of your life.
And if you're among the ultra-rich, here's a suggestion from a South African bank: invest some of your money in something that has a "positive social or environmental return" on it.
Specifically, it's called "impact investing," and it involves putting money toward projects that have a "positive social or environmental return" as well as a financial return.
"Most importantly, make each rand work harder for both a financial return and the desired social or environmental impact," writes Silvia Siluma of FNB Philanthropy in a blog post.
She's talking about South Africa, where the unemployment rate in the third quarter of 2018 was 31.9%, and where 55.5% of people live below the poverty line.
"The scale of the problems South Africa faces is significant and overwhelming," she writes.
"One's isolated personal giving may be insufficient unless one works collaboratively and leverages each donated rand for greater impact."
So what is impact investing? It's "a steadily growing field," writes Siluma.
"From affordable housing to quality education to water and road infrastructure, impact investors are investing in
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
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Ohio Gov. Mike DeWine says the Appalachian Community Grant Program represents "a historic, $500 million investment in Ohio's 32 Appalachian counties." The state has allocated $21.9 million in...more
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Foundation: Community Foundation of Greater Dubuque
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The Norfolk Public Schools Board of Education is looking for a new member. The Omaha World-Herald reports the six-person board will meet Monday to select three finalists: Leonor Fuhrer, Soshia...more
A Silicon Valley-based agtech company is making a difference in the world of soil health and carbon sequestration, Business Insider reports. According to the 2023 Impact Report from Biome Makers,...more
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Social Entrepreneurship
Spotlight
3 Social Enterprises Earn Honors at Social Enterprise Award
Three social enterprises were recognized at the 2013 President’s Challenge Social Enterprise Award for their major contributions to society. SATA CommHealth and Bliss Restaurant landed Social Enterprise of the Year titles, while Bettr Barista Coffee Academy bagged the award for Social Enterprise Start-up of the Year.
