Philanthropreneurship
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Philanthropreneurship it is the emerging practice of driving social change in new and creative ways. The term has been in use since 2014.[1] Practitioners—also known as philanthropreneurs or micro-preneurs—are entrepreneurial philanthropists. Philanthropreneurship is measured in impact, sustainability and scalability.[2]
Description
Some practitioners—like Amr Al-Dabbagh in the Fortune article, How to Run Your Non-Profit Like a Startup (2/2/2015) [3]—are deploying entrepreneurial business practices to help drive maximum impact, sustainability and scale.[4] Additional examples of practitioners—featured in The Guardian article by Rajesh Chandy (Welcome to the New Age of Philanthropy: PHILANTHROPRENEURSHIP, 12/8/2014) [5]—include Bill and Melinda Gates, Steve Case, Pierre Omidyar and Bill Clinton. Stephanie Strom featured these practitioners and more in her New York Times article, What's Wrong With Profit? (11/13/2006).[6] Philanthropreneurship is now supported by emerging new business models and legislation including (Low-profit Limited Liability Companies (L3Cs),[7] pioneered by tax attorney and entrepreneurial finance expert Marc J. Lane.
Practitioners of Philanthropreneurship
Notes and References
- ^ The Guardian on philanthropreneurship
- ^ Philanthropreneurship Forum
- ^ Fortune on How to Run Your Non-Profit Like a Startup
- ^ Philanthropreneurship Forum
- ^ The Guardian on Welcome to the New Age of Philanthropy: PHILANTHROPRENEURSHIP
- ^ New York Times on What's Wrong With Profit?
- ^ Low-profit Limited Liability Companies (L3Cs)