The Social Impact Blog
The Social Impact Blog covers the latest research, thinking, and developments in social enterprise and in improving the sustainability of the social sector. Posted approximately once per week, by reading this blog you will become better informed about the challenges facing nonprofits and social enterprises and find ideas on how you can make a difference in our society through the impact of for-profit and nonprofit socially-focused organizations.
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Charitable giving as a share of nonprofit revenues in the U.S. has declined each year since 2008, reaching down to just 21 percent of nonprofit revenues by 2012. This decline has two causes: the inability of charitable giving to keep up and the decision by more nonprofits to develop new sources of earned revenue, often through social enterprise.
I have to believe that encouraging both men and women to work jointly to start and invest in social enterprise will be more successful than creating gender-isolated programs. While high tech has enough single-gender momentum to need some gender catch up, social enterprise is still young enough for us to build gender diversity from the ground up. Let’s work to make that happen!
I am grateful that so many companies want to be listed in the Center for Social Enterprise Development’s social enterprise directory. The frustration, for them and us, is that some are not social enterprises but they are committed to being socially responsible. There are other ways for a company to demonstrate that it is a “good guy” other than being a social enterprise.
The Thomas Reuters Foundation recently polled experts in 45 countries to learn which countries were the most supportive of social enterprise. The ability to attract the skilled millennial workforce to local social enterprise is demonstrated daily. We are making progress in other categories.
Equity crowdfunding seems to be worthwhile to those companies that have already mastered reward crowdfunding. Few local social entrepreneurs have been successful in reward crowdfunding.
While businesses that create social impact are still a minor part of the Central Ohio economy, the amount of activity and engagement in this business sector expanded significantly in the past year. Summarized in the recently released report State of Social Enterprise in Central Ohio (available by download at http://www.cincohio.com/socentincbus-report/), progress occurred in three areas.
We are partnering with Cardinal Health’s management development program called LEAD to evaluate the community’s need and desire to address this problem and to assess the technical challenges and demands of such an undertaking before we start fundraising for the project.
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- October’s Social Impact Feature: More Than Scholarships, Flora Stationery Funds Futures
- Charitable Giving Not Keeping Up with Demands on Nonprofits
- Social Entrepreneurship Needs More Women to Engage
- Many Ways for Companies to Demonstrate Their Social Responsibility
- Poll Ranks US #1 for social enterprise but no US Cities Rank