Benojo's weekly roundup of the top social impact stories
Each week we aim to bring you the biggest stories across the CSR, philanthropy and charity space. Here’s all the latest in the world of social impact.
A look at Australian philanthropy: HoMie – the street store that gives Homeless of Melbourne Inc (HoM) is an innovative Melbourne-based charity working hard to improve the lives of the city’s homeless – and the recent opening of their pop up store HoMie will help them do just that. Read Benojo’s blog post for the details!
The halo effect
Do-gooding policies help firms when they get prosecuted
“THERE is one and only one social responsibility of business,” wrote Milton Friedman, a Nobel prize-winning economist. “To use its resources and engage in activities designed to increase its profits.” Plenty of climate-change campaigners would argue with that (see article). But even if you accept Friedman’s premise and regard corporate social responsibility (CSR) policies as a waste of shareholders’ money, things may not be absolutely clear-cut. New research suggests that CSR may create monetary value for companies—at least when they are prosecuted for corruption.
Sean Parker: philanthropy for hackers
Today’s young Internet barons should use the talents that made them rich to transform the world of giving
Mostly awkward and introverted, more interested in ideas than in making money or running companies, hackers are generally reluctant empire-builders. The geeks were not supposed to inherit the Earth, so nobody—least of all the hackers themselves—expected these iconoclastic loners to change the world, acquiring enormous power and financial resources in the process.
Saudi prince pledges $41 billion to charity
SAUDI billionaire Prince Alwaleed bin Talal has promised his entire fortune to charitable projects in coming years, in one of the biggest ever philanthropic pledges.
His $US32 billion ($41.6 billion) pledge is “maybe ... the first such big announcement” of its kind in the region, and is modelled on a charity established by Microsoft founder Bill Gates in the United States, the prince told reporters.
Hope, anger and courage – or why are conservatives so miserable?
Part of a series, On Happiness, examines what it means and how it might be achieved in the 21st century. This article delves into the fact we live in a time of positive psychology, where the path to happiness is apparently paved with the right thoughts. At its most bizarre, this manifests itself in the popularity of snake oil salesmen like Deepak Chopra, who – for a healthy fee – will grant you eternal youth, and The Secret, which using hitherto unknown laws of physics will bring you health, wealth and happiness.
As social entrepreneurship booms, so do social impact co-working spaces
It helps to put all the people working to change the world in the same room. When it opened a sprawling coworking space dedicated to social entrepreneurs five years ago, Impact Hub San Francisco was one of two in the U.S. Now there are more than 70 Impact Hubs around the world, and the office in San Francisco has taken over another floor in its SOMA high-rise. It's proof, says the team at the San Francisco location, that the social impact industry is reaching a tipping point.