Social Impact BlogShowing posts by Allen Proctor
Last night Central Ohio celebrated innovation and entrepreneurship in the nonprofit sector at SocialVentures’ Nonprofit Sustainability Showcase. Five nonprofits presented their plans for new social enterprises and joined nine other nonprofit-owned social enterprises in a Showcase for 140 members of the community to learn about their products and services and how every purchase they make can create social impact.
Nonprofits who start social enterprises are smart. They recognize the reality that philanthropy has been at capacity for years. The Nonprofit Sustainability Showcase will highlight pitches by five newly-launching nonprofit-owned social enterprises: Center for Balanced Living, Equality Ohio, Rebuilding Together, US Together, and YMCA.
The judges for our recent social enterprise awards program were drawn to those social enterprises that excelled in the transparency and public representation of their social impact. This facet of their work merits recognition because too many social enterprises tell a very weak story about their social impact or fail to tell the impact story at all.
I believe there is a case to be made for well-established businesses to view supporting social enterprises as an effective complement to their existing civic engagement.
As everyone prepares for a well-deserved Labor Day weekend break, I am truly grateful for all the remarkably good businesses that intentionally integrate social impact as a non-negotiable component of their business model. They embody the positive virtues of business. In that vein I would like to repeat Ghandi’s Seven Dangers to Human Virtue in hopes they may […]
When we talk with social entrepreneurs, they often say capital is what they most need. Further discussion reveals they most need good advice and feedback. SocialVentures just announced several new ways to get that advice.
Our new website has dozens of new features, including training opportunities and information to connect experts and investors to social enterprises. One especially valuable new service on our website is the Marketplace. At the Marketplace you can search for local social enterprises.
Starting today and continuing through August 15 we will be rolling out the exciting changes to the Center for Social Enterprise Development. Today you are receiving our first blog under our new name, SocialVentures. Our new website www.socialventurescbus.com will go live August 15. There you will see many valuable new features such as the social […]
I am thrilled to announce that Social Ventures Fund, LLC had its first close and has come into formation. It will remain open for new investors for the next 18 months. This is a great opportunity for individuals, family funds, and companies to extend their philanthropy into their investment portfolio.
When this blog launched in 2005, there was a strong need to improve both understanding of and performance by nonprofits to create social impact efficiently and reliably. Over the years the performance of local nonprofits improved immeasurably, particularly in the cultural sector. Still, two recessions and a historically slow economic recovery leaves the financial sustainability of the nonprofit sector fragile.