« This Week in PubHub: Advocacy | Main | NY Times 2010 'Giving' Section »

The Future of Grantmaking?

November 12, 2010

We get a lot of interesting requests/inquiries/pitches over the digital transom here at PND. This one arrived a few days ago.

A foundation seeks to identify one or a few unorthodox philanthropic investments with the potential to generate extraordinary returns to society. The foundation is interested in concentrating its capital in opportunities that have little access to alternative sources of funding.

By posting a challenge on InnoCentive, the foundation hopes to unearth one or a few such extraordinary opportunities. A guaranteed award of $5,000 will be paid to the best submission. The bigger reward, however, would come from the actual implementation of an idea or ideas. The foundation is prepared to invest up to $100,000 initially, and a total of up to $1 million in the very best ideas.

Submissions will be accepted through the InnoCentive site from October 18 – November 18, 2010. More details about the challenge, including criteria and submission requirements, can be found here.

Strategic concentration of capital, use of a crowdsourcing platform, the possibility of additional funding linked to demonstrated impact -- is this the future of grantmaking?

-- Mitch Nauffts

« Previous post    Next post »


Feed You can follow this conversation by subscribing to the comment feed for this post.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.


Post a comment

Comments are moderated, and will not appear until the author has approved them.

Quote of the Week

  • "[L]et me assert my firm belief that the only thing we have to fear is...fear itself — nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance...."

    — Franklin D. Roosevelt, 32nd president of the United States

Subscribe to PhilanTopic


Guest Contributors

  • Laura Cronin
  • Derrick Feldmann
  • Thaler Pekar
  • Kathryn Pyle
  • Nick Scott
  • Allison Shirk

Tweets from @PNDBLOG

Follow us »

Filter posts