The endeavor must also be financially sustainable. Otherwise the new socioeconomic equilibrium will require a constant flow of subsidies from taxpayers or charitable givers, which are difficult to guarantee indefinitely. To achieve sustainability, an enterprise’s costs should fall as the number of its beneficiaries rises, allowing the venture to reduce its dependence on philanthropic or governmental support as it grows.
The charity’s economic modelling shows that the state government saved more than $17,000 a person each year of the three-year study. This is due to the reduced demand for police, hospital and emergency psychiatric services that regularly interact with long-term homeless people.
Over 10 years the government will save $1.32 for every $1 invested for fuller support for the chronically homeless, Sacred Heart Mission estimates.
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Gramforacause matches nonprofits in need of photography services with Instagrammers looking to inspire social good through their work.
The goal is to give more exposure to deserving charities. In your caption, Gramoforacause encourages you to share what’s touched your heart and what’s spoken to someone else’s, creating a chain reaction of the best kind. The idea makes social media a bit less fluffy and more inspirational, maybe even giving the opportunity to meet others who share your same core beliefs.
Many of the companies in emerging markets are building foundational tools that will become paths out of poverty for untold millions. Like the companies providing financial services to families who have never had a bank account. Or the ones making solar power cheap and accessible to migrant workers so they can regularly charge their phone.
Impact investing goes beyond the passive tactic of limiting investments to, say, companies that are green or that don’t produce guns. Rather this practice combines traditional and cutting edge investment strategies to provide financial return through active support of enterprises taking aim at major social issues — like housing, workforce development, education of low income populations or clean water and the environment.
Effective altruism holds that giving abroad is probably a better idea than giving in the US. It suggests that giving to disaster relief is worse than giving elsewhere. It argues that supporting music and the arts is a waste.
Thought experiment: say you’re standing before two burning buildings, one of which has a family of five trapped inside and the other of which is storing a $20,000 painting for a nearby museum. You only have time to save the family or the painting. What do you do? Save the family, right? Now, how is that different from choosing whether to save lives by giving to the Against Malaria Foundation or to make exhibits a little nicer by giving to the Metropolitan Museum of Art?
Frogtek helps the small shopkeepers in emerging markets to track and control their business.
We know the development sector: It’s where we come from. Our staff have worked at funders like USAID and at organizations like Oxfam and Save the Children. We also know the mobile industry: Our tech team has worked for Africa and Asia’s leading mobile networks, from Orange to Ooredoo.
Esoko is a for-profit company with a mission to make agriculture a profitable business for smallholder farmers.