Home
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.
One of the world's largest green investment funds is set to announce its first transaction in the US. Per the Wall Street Journal, the Asia Green Fund (AGF) plans to invest up to $1 billion in a...more
Texas is following in the footsteps of Florida, Louisiana, South Carolina, and Utah by pulling billions from BlackRock, the world's biggest asset manager. The Texas State Board of Education...more
Amazon is taking a stand against climate change, and it's putting its money where its mouth is. The company on Tuesday announced the 15 startups that have been selected to participate in the...more
The European Central Bank is expected to cut interest rates for the first time in nearly a decade this week in an effort to boost the struggling eurozone economy, the Wall Street Journal...more
Foundation: Johnson Foundation, Robert Wood Johnson Foundation
The Robert Wood Johnson Foundation is giving $325 million to help communities that have suffered from "a historic lack of investment" in areas such as housing, water, and infrastructure, the New...more
"We are incredibly honored to receive this recognition from the Cary Chamber of Commerce," Joseph Jenkins, CEO and co-founder of dooable health, says in a press release. He's referring to the...more
Sickle cell disease is one of the most common genetic diseases in the world, affecting one in every 10,000 people, according to the World Health Organization. Now Abu Dhabi, the United Arab...more
Australia's Pathzero is the world's largest private-market emissions data network, with more than 50,000 assets under management, reports the Guardian. That's more than $13.1 trillion in global...more
"It's about time." That's how Natasha Garcha, senior director and gender-lens investing specialist at Impact Investment Exchange, is framing the investment world's first-of-its-kind asset class...more
The man responsible for turning Samsung into one of the world's most successful companies has died at the age of 99. Lee Byung-Chul, who founded the company in 1910 and became its chairman in...more
Social Entrepreneurship
Spotlight
Three Philanthropic Families Ensure Legacy of Super Bowl
The Tisch, Johnson and Mara families have announced $3 million in donations to the NY/NJ Snowflake Youth Foundation, the independent charitable legacy of the NY/NJ Super Bowl Host Committee.
