New Inclusive Creative Economy Strategy to Demonstrate That the U.S. Creative ...


Foundation: Marguerite Casey Foundation, Marguerite Casey Foundation, Rockefeller Philanthropy Advisors, Skoll Foundation, Target Foundation, Ford Foundation, Philadelphia Foundation, Rockefeller Foundation

credit:

"The US creative economy was most recently valued at over $1 trillion by the National Endowment for the Arts," per a press release, "even before considering film, fashion, video games, beauty, food, and other key commercial creative industries."

Now, thanks to a $15 million investment from 14 funders, including the Andy Warhol Foundation for the Visual Arts, the "first dedicated impact investment portfolio for the US creative economy" is coming to life.

Upstart Co-Lab, a sponsored project of nonprofit Rockefeller Philanthropy Advisors, says the Inclusive Creative Economy Strategy will focus on investing in the creative industriesincluding film, fashion, video games, beauty, food, and other key commercial creative industriesthrough funds and companies to "secure blended value."

"The creative economy values merit and originality, it can help to build a more inclusive economic future," says Michael Quattrone, co-founder of the Skoll Foundation and Upstart Co-Lab.

"By demonstrating that putting more money to work in the creative economy can generate both attractive financial returns and positive social impact, this initiative can help break new ground for impact investing and build a more equitable and vibrant creative landscape in the US," says Roy Swan, director of mission investments for the Ford Foundation, one of the 14 funders.

Read the Entire Article


Selected Grant News Headlines

A customized collection of grant news from foundations and the federal government from around the Web.

Who Serves Humanity &Amp; Strives to Make the World a Better Place?
Foundation: Indianapolis Foundation

Lynne Arriale's new album, Being Human, is all about "people who exemplify Passion, courage, love, curiosity, and other human qualities," the Florida pianist tells Rita Kohn of the Indianapolis...more

Unoma Okorafor, Co-Founder, Fairview Data Technologies

When Unoma Okorafor started working on her master's degree in computer science at the African University of Science and Technology in Abuja, Nigeria, in the mid-'90s, she had no idea she'd end up in...more

As Some Question Higher Ed'S Value, Colleges Work To Fix The 'Time Trap'

"Time-trap thinking seems logical," writes Lori Carrell in the Los Angeles Times, "but it's short-sighted: Degrees mean real earning power and career growth, and many students do work during...more

How Philanthropy Can Help to Accelerate Sustainable Development Goals

"If the class register were anything to go by, education would be one of modern civilization's greatest success stories." That's what Peter Wilson, a member of the UBS Accelerate Collective, had...more

As Melinda French Gates Leaves the Gates Foundation, Many Hope She'Ll ...
Foundation: Gates Foundation

Melinda French Gates is stepping down as co-chair of the Bill & Melinda Gates Foundation, which she founded with her ex-husband Bill Gates more than 20 years ago. As part of an agreement made...more

Microschools Offer Montana Families Creative, Learner-Centered Education Options

When Christa Hayes' kids shut down their public schools in 2020, the Montana math professor started hearing from parents seeking help for their children's schoolwork and wanting to find a way for...more

Santa Barbara Public Library Receives Library Innovation Lab Grant Award

"We strongly believe in a Library that serves every member of our community, and we thank California Humanities for recognizing our talented and diverse Library staff." Those are the words of...more

Investing In Digital Yuan: A Pathway To Financial Empowerment

The People's Bank of China says it will start allowing people in China to use the country's new digital currency, the Digital Yuan, to buy goods and services starting next month, the BBC...more

Indian Companies Show Interest in Impact Investing but Face Challenges: Deloitte Csr Survey

When it comes to corporate social responsibility, India's government and public sector companies are at the top of the list. But when it comes to companies of all sizes, they're at the bottom,...more

Singapore'S Temasek Sees Impact Investing at Tipping Point

The world's biggest state investors are getting into the business of making positive social and environmental impact investments. Singapore's Temasek Holdings, one of the world's largest state...more


UK will be celebrating its first national celebration of social enterprises dubbed as Social Saturday. World famous celebrity chef Jamie Oliver, who founded the Fifteen restaurant chain.



Federal Government Grant and Assistance Programs


Emergency Management Performance Grants | Eastern New Mexico Rural Water System Project | ITA Special Projects | Prevention and Public Health Fund (Affordable Care Act): Enhanced Surveillance for New Vaccine Preve | Partnership Agreements to Develop Non-Insurance Risk Management Tools for Producers (Farmers) | State Administrative Matching Grants for the Supplemental Nutrition Assistance Program | Supplemental Nutrition Assistance Program | Office of Native American Programs Training and Technical Assistance for Native Hawaiian Housing Blo | | Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy

Edited by: Michael Saunders

© 2008-2024 Copyright Michael Saunders