In my third blog post as Minnesota Council on Foundations’ Executive in Residence, I discuss galvanizing citizens’ passion for their cities in order to drive social change through extreme collaboration.
In Chicago, foundations, donors and individuals are coming together to benefit the city they love. Benefit Chicago is the latest example of extreme collaboration in which good people come together to not just meet, but to get something done. They aim to put $100 million to work in the community to fill the unmet need for financial capital in the social sector.
When COVID-19 and the ensuing economic disruption hit, I worried that impact investing would recede as investors sought comfort in old-style investing and social entrepreneurs kept their day jobs. Luckily, my worries were for naught: more investors are interested in doing good and doing well. More philanthropists are looking for innovative ways to address the multiple crises we face: health, economic, racial, civic, climate, and rural. Social entrepreneurs are launching and growing their ideas to address the world's problems. These leaders give me hope!