In my fifth blog post as Minnesota Council on Foundations’ Executive in Residence, I showcase the new social enterprise Can Can Wonderland.
Struggling artists fared even worse than usual during the Great Recession when many arts organizations went out of business. Nonprofit professional Jennifer Pennington wanted to change the dynamic so artists and the organizations that serve them could be self-sufficient. She wanted to make a night at the arts accessible and fun—not silent, incomprehensible or smattered with inappropriately timed applause.
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!