This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Innovation Fund Round 2: Competitive Grants For Venture Philanthropy

Alliance for Global Good Funding Supports Nonprofit Mission and Sustainability

GREENSBORO, N.C., April 1, 2013 /PRNewswire-USNewswire/ -- Building upon the success of its 2012 launch, the Alliance for Global Good today announced the opening of the Second Round of competition for grants from its Innovation Fund.  Venture philanthropy grants of up to $90,000 will be made to support nonprofits in implementing mission-relevant, revenue generating strategies.

"The tremendous diversity of our first round grantees—which ranged from the pursuit of organic certification for nuts grown in the High Atlas Mountains of Morocco so as to multiply gross revenue many times over, to an order of Catholic Nuns running a cyber cafe in the Congo—points up the immense need for this type of grantmaking," said David Brand, AFGG's president and CEO.

Designed to benefit medium-sized, US-based nonprofits that work on solving global problems, the Innovation Fund was announced at AFGG's Inaugural Bipartisan Conference on Innovation in Giving & Philanthropy in November 2011, developed through market research that confirmed the dearth of similar resources, and endorsed by 10 presidents of leading global nonprofits. 

"The Innovation Fund seeks neither to create new organizations nor to speculate about innovation," said Dr. Susan Raymond, Executive Vice President of Changing Our World and Founding Director of the Innovation Fund.  "Applicants must have a mature strategy for concrete initiatives that will be implemented by Fund grants, and demonstrate that in traditional business models."

The Request for Proposal and online application are currently available on the AFGG website. Proposals are due May 31, 2013 and will be reviewed and scored by an AFGG-appointed, independent panel of experts from the venture capital, philanthropic and academic sectors.  Awards are anticipated in early fall 2013.

About the Alliance for Global Good Founded by philanthropist Leonard Kaplan out of concern for global crises that threaten succeeding generations, the Alliance for Global Good realizes the maxim that "the whole is greater than the sum of its parts." Focusing more on how philanthropy is practiced rather than on any single cause or need, the Alliance promotes philanthropic efficiency and effectiveness.  Five guiding principles—innovation, collaboration, leverage, sustainability, and scalability—are used to evaluate and engage in opportunities to improve world relations thru advances in health, education, poverty alleviation and the environment.

CONTACT:Jerry Chasen305 527 4143|

SOURCE Alliance for Global Good

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,071.73 +20.98 0.12%
S&P 500 2,013.43 +15.91 0.80%
NASDAQ 4,829.7040 +18.9160 0.39%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs