Philanthrocapitalism
From PhilanthropyWiki
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Philanthrocapitalism Definition
Philanthrocapitalism is often defined as the practice of applying business methods and measures to philanthropy, or harnessing the power of the market to achieve the goals of social change. It is seen as partly championed by those who have made large fortunes in the financial markets. Philanthrocapitalists often expect financial or business returns over the long term, or secondary benefits from their investment in social programs.
Philanthrocapitalism is closely aligned to Venture Philanthropy and social enterprises, and definitions differ on how close the overlap is.
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Resources
- Discussion on philanthrocapitalism at Global Philanthropy Forum
- Debate on openDemocracy
- Just Another Emperor? The Myths and Realities of Philanthrocapitalism, by Michael Edwards, available for download or purchase.