Millennials Are Changing Philanthropy

via synergysocialventures.org

After a full year of strategy bootcamps and debates, the Future Funders’ first $50,000 co-investment with Synergy went to support a business development manager for Brooklyn Bridge to Cambodia (BB2C), a Phnom Penh-based social venture that develops and manufactures treadle water pumps designed for rural subsistence farmers in Cambodia. It’s unusual to use a grant to cover administrative expenses. Most grants support program related expenses, while impact investments tends not to give grants at all.

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