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How Mastercard’s “Data Philanthropy” Program Is Tackling The Global Financial Information Gap
Through its Center for Inclusive Growth, an independent subsidiary of the company launched in 2013 to support financial inclusion in the developing world, Mastercard is experimenting with a new type of philanthropy: data donation. Mastercard is one of the largest payments companies in the world, and Shamina Singh, president of the Center for Inclusive Growth, says that when the Center was founded, it was with a mandate from the company’s board of directors to “think about Mastercard’s assets broadly, and then think about how those assets can be applied for social good.”
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- Uncategorized
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Viewpoint: Marginalized Returns: Impact investing has been seduced by a false narrative of combining social impact with financial gains
Impact investing was originally created to improve the lives of others; that impact investing could also deliver financial returns to investors was a means to that end. But nowadays, achieving predefined financial returns has become the primary goal, with the needs of investors taking priority over the interests of the communities their funding seeks to benefit. This trend has fueled a growing mismatch between the supply of impact investment and the demand for funding from enterprises working to improve conditions for marginalized communities.
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- Impact Assessment, Investing
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These super-rich families are investing their fortunes to help others
The idea is similar to Bill Gates and Warren Buffett's The Giving Pledge, which requires signatories to give away at least half their wealth. But this is about investing for good.
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- Impact Assessment, Investing
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Tata Trusts’ FISE to raise $30 mn to fund social startups
The fund claims to be the country’s first-ever technology-focused fund investing in high-impact social enterprises. Called Social Alpha Fund-1, it is the third tier of the Social Alpha stack being built with Tata Trusts and the Foundation for Innovation and Social Entrepreneurship (FISE), said Manoj Kumar, co-founder and chief executive of FISE.
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- Investing
- Region
- South Asia
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Philanthropy King: Bill Gates Gives Away $4.6 Billion, Unveils New Campaign To Combat Malaria
Gates gave away $4.6 billion in Microsoft shares in June to his personal charity, the Bill & Melinda Gates Foundation, according to a filing published Monday by the Securities and Exchange Commission.
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- Health Care
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Q&A: Founder of China’s first foundation talks future of philanthropy
China is home to the second largest percentage of the world’s billionaires, but philanthropy there remains a relatively new, emerging trend.
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- Uncategorized
- Region
- Asia Pacific
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- philanthropy
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Public Favors Nonprofit over For-profit Social Enterprise
Three consumer psychologists recently performed a series of studies looking at consumers’ reactions to for-profit social ventures in contrast to nonprofits. They try hard to make a case for the proliferation of for-profit social enterprise, but it is pretty clear that the public is still skeptical.
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- Uncategorized
- Region
- North America
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U.S. Impact Investing Alliance Launches to Scale the Practice of Impact Investing
The Alliance was founded last year by representatives from philanthropy, business and finance to champion the potential of impact investing by increasing awareness of impact investing in the U.S., fostering deployment of and demand for impact capital across asset classes globally, and by partnering with policymakers and other stakeholders to build the impact investing ecosystem.
- Categories
- Impact Assessment, Investing
- Region
- North America
- Tags
- ESG, impact investing, philanthropy
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