By Danielle Oristian York, 21/64

Philanthropy is a sector of society that has long been drenched in tradition and social obligation; leave the risk-taking and creativity to the capitalist masses. Today, however, the conventional definitions of business versus philanthropy have been turned upside down by a new cohort of next generation donors who are actively seeking to blur the line between these two sectors. Members of Generation X and Generation Y (or the Millennials) are under 40 and full of innovative ideas about how the worlds of business and philanthropy can work together to create an even greater good.

Social Entrepreneurship
An entirely new class of business leaders has developed out of the school of thought that being good for humanity is not only good business, but also good for business. Social entrepreneurs are defined by Businessweek as “enterprising individuals who apply business practices to solving societal problems.” Huge names in business such as Tom’s Shoes and Ethos Water are proving that profit and charity are not ideological enemies but harmonious cousins. Continue reading →