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 The mission of the "Your Mark on the World Center" is to solve the world's biggest problems before 2045 by identifying and championing the work of experts who have created credible plans and programs to end them once and for all.
Crowdfunding for Social Good
Devin D. Thorpe
Devin Thorpe

Impact Investing

This category includes articles about people, firms and foundations that invest in social good by investing in social entrepreneurs, social impact or pay-for-success bonds, etc.

Ben Hecht: ‘Inequality Of Income Presents A Threat To Our Society, Our Economy And Our Democracy’

This post was originally produced for Forbes.

Ben Hecht, CEO of Living Cities, is an impact investor whose passion makes him more of a crusader than a financier. (Disclosure: a former client has an application for a loan pending with Living Cities.)

Consider his statement to me, “Unless we ferociously change course, the majority of our citizens in 2040 will be less educated, less prosperous, and less free than our current majority, due to decades of dysfunctional systems, disinvestment, mass incarceration, and disenfranchisement of people and communities of color.”

Advocating a wholistic, collective approach to addressing urban problems, Hecht says, “A new type of urban practice aimed at dramatically improving the economic well-being of low-income people faster will require all players – individuals, business, philanthropy, government, nonprofits, and academia – to focus on their part of the solution and build permanent capacity that can insure we get increasingly better results over time.”

Hecht is calling for an radical acceleration to problem solving, “For too long we have been satisfied with incremental change for society’s most pressing issues, but it is time to look at the denominator and face how much progress still has to be made for these problems to be eradicated.”

“There is increasingly a growing awareness that inequality of income, wealth and access to opportunity, accentuated along racial lines, is one of the key social issues of our time.If left unresolved it presents a serious threat to our society, our economy and our democracy,” Hecht notes.

Living Cities is striving to play a central role in accelerating change. Hecht said, “Living Cities is on a course to do more than just imagining what’s possible. We want to work with a coalition of the willing to make the possibilities reality. In May, we took the conversation offline, convening over 100 folks in our networks—from our member institutions, to grantees, to our staff, to our social media followers, to a diversity of other thought leaders, dreamers and doers in such diverse fields as civic tech, impact investing, philanthropy, business, the financial sector, social entrepreneurship, government, and philanthropy—to participate in an active process of co-design.”

Two key opportunities were identified at the summit.

“One challenge we discussed at the summit was the need to create urgency without catastrophes, such as the bankruptcy in Detroit or Hurricane Katrina in New Orleans, to achieve systemic instead of episodic change,” Hecht said.

“Another was that public sector leadership, resources, and talent can and must be fostered, unlocked, and optimized in order to achieve dramatically better results for low income people. Along similar lines, it was clear that there is a need for an investment in talent across the social sector generally,” Hecht concluded.

On Friday, June 5, 2015 at noon Eastern, Hecht will join me for a live discussion about the programs that Living Cities is undertaking to make a difference in America’s inner cities. Tune in here then to watch the interview live. Post questions in the comments below or tweet questions before the interview to @devindthorpe.

More about Living Cities:

Living Cities harnesses the collective power of 22 of the world’s largest foundations and financial institutions to develop and scale new approaches for creating opportunities for low-income people and improving the cities where they live. Its investments, research, networks, and convenings catalyze fresh thinking and combine support for innovative, local approaches with real-time sharing of learning to accelerate adoption in more places.

Hecht’s bio:

Mr. Hecht was appointed President & CEO of Living Cities in July, 2007. Since that time, the organization has adopted a broad, integrative agenda that harnesses the collective knowledge of its 22 member foundations and financial institutions to benefit low income people and the cities where they live. Living Cities deploys a unique blend of more than $140 million in grants, loans and influence to re-engineer obsolete public systems and connect low-income people and underinvested places to opportunity.

Prior to joining Living Cities, Mr. Hecht co-founded One Economy Corporation, a non-profit organization focused on connecting low-income people to the economic mainstream through innovative, online content and increased broadband access. Immediately before One Economy, Mr. Hecht was Senior Vice President at the Enterprise Foundation.

Mr. Hecht received his JD from Georgetown University Law Center and his CPA from the State of Maryland. For 10 years, he taught at Georgetown University Law Center and built the premier housing and community development clinical program in the country. Ben is currently Chairman of EveryoneOn, a national initiative founded by the Federal Communications Commission to connect low-income Americans to digital opportunity. He also sits on the National Advisory Board for StriveTogether and Duke University’s Center for Advancement of Social Entrepreneurship (CASE) Advisory Council.

Billionaire Offers Tips; Some Will Surprise You

This post was originally produced for Forbes.

Ranked #369 on the Forbes list of billionaires, Shari Arison is passionate about doing good business–and she means good.

Her bestselling book Activate Your Goodness shared her take on the impact of doing good on people. Her new book, The Doing Good Model, provides a thoughtful look at 13 values that are intended to help business leaders rethink their impact on individuals, their communities and the globe.

One of the most intriguing values that Arison puts forward in her book is “purity.” She explains it in the book, “Think of the many types of behavior that can affect you as a human being as well. For example, you might ask yourself, what am I putting in my body–is this good for me or not? What am I listening to? Is it something that is uplifting like music, or is it gossip that is unkind?”

Her thoughts on volunteering sound conventional to nonprofit leaders, I suspect, but may strike business leaders as a flash of insight. She says in the book, “The most motivated volunteers are the ones with passion for the cause.”

She goes on to share an anecdote to make an important point.

A funny thing happened to me right after I was talking to my editor on the phone going through this chapter on volunteering. I was called away and needed to rush out to a meeting outside my office. I went to another office building, and when I came out of my meeting, in the elevator on the way down, there was a husband and wife talking. The woman said to her husband, “Isn’t it amazing tha the doctor goes to Africa every six months and volunteers his time to perform surgery?” She went on to say, “Do you know he’s an eye doctor?” I smiled to myself as I was walking out of the elvator, thinking abou what a coincidence it was that I was just writing about volunteering. So you see, as I said, one can volunteer basically anywhere in the world, according to one’s talents, passions and time.

On Thursday, May 21, 2015 at noon Eastern, Arison will join me for a live discussion about The Doing Good Model. Tune in here then to watch the interview live. Post questions in the comments below or tweet questions before the interview to @devindthorpe.

More about Arison Group:

Arison Investments, the Arison Group’s business arm, houses companies that provide responses for the basic human needs of large populations, while yielding high financial returns. Shari Arison directs her businesses to maintain a diversified portfolio of ventures that have moral responsibility at their core. Arison Investments business companies include Bank Hapoalim, Shikun & Bunui, Miya and Salt of the Earth.

Shari Arison

Arison’s bio:

Shari Arison is an American-Israeli businesswoman and philanthropist, owner of the Arison Group that operates in more than 40 countries across five continents to realize the vision of Doing Good. Its business arm, Arison Investments, operates in the fields of finance (Bank Hapoalim), infrastructure, real estate, and renewable energy (Shikun & Binui), salt (Salt of the Earth), and water (Miya). Its philanthropic arm, The Ted Arison Family Foundation, houses the organizations Essence of Life, Goodnet, All One, and Ruach Tova that operates Shari’s global initiative Good Deeds Day. She is repeatedly ranked by Forbes as one of the most powerful women in the world, and as one of the world’s greenest billionaires. In 2013, Shari was named Honorary Doctor of Humane Letters by George Mason University.

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