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

"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.

Leading Impact Investors and Philanthropists Convene for
Foundation: Silicon Valley Community Foundation, California Endowment

In 2024, Los Angeles will host the Mission Investors Exchange 2024 National Conference, an annual conference that brings together more than 750 philanthropy and impact investing leaders from across...more

Leading Impact Investors and Philanthropists Convene for Mission Investors Exchange 2024 ...
Foundation: California Community Foundation, California Endowment

Ava DuVernay financed her latest film with money from the Giving Pledgean initiative of the California Endowment, the largest US foundation to commit its entire $4 billion portfolio to social and...more

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

"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,...more

Exxonmobil Is Suing Investors Who Want Faster Climate Action

ExxonMobil is in the midst of dozens of lawsuits from states and localities accusing the company of lying about its role in climate change and the dangers of burning fossil fuels. Now, the oil...more

Firstenergy Corp. Expenses Under Scrutiny

An auditor hired by the West Virginia Public Service Commission to look into two electric companies owned by FirstEnergy found evidence of wrongdoing, but it's not clear whether the companies...more

What Is a Program Related Investment?
Foundation: Gates Foundation

Bill and Melinda Gates are putting their money where their mouth is. The world's two biggest philanthropists have each donated $50 million to the Bill and Melinda Gates Foundation, CNN...more

Exploring the Potential of Satellite-Based Mission Investment and Financing
Foundation: Gates Foundation

There's a new way of helping the world's poorest people, and it doesn't involve sending in satellites. Instead, the Bill and Melinda Gates Foundation is putting its money where its mouth is,...more

U.S. Impact Investing Alliance Names John Palfrey, President of the John D. and ...
Foundation: MacArthur Foundation, Ford Foundation

"To meet the challenges of our time, foundations must deploy resources across the full spectrum of capital, including grants, catalytic capital, and endowment investments that align with mission and...more

U.S. Impact Investing Alliance Names John Palfrey, President of the John D ...
Foundation: MacArthur Foundation, Ford Foundation

"To meet the challenges of our time, foundations must deploy resources across the full spectrum of capital, including grants, catalytic capital, and endowment investments that align with mission and...more

U.S. Impact Investing Alliance Names John Palfrey, President of the John D. and ...
Foundation: MacArthur Foundation, Ford Foundation

"To meet the challenges of our time, foundations must deploy resources across the full spectrum of capital, including grants, catalytic capital, and endowment investments that align with mission and...more





PRI News from...


Kresge Foundation


Social Entrepreneurship
Spotlight



Chocolates, Farmers and Social Enterprise


Social entrepreneur Virginia de Villa seeks to improve the agricultural sector through her social enterprise, Real Cacao.



Federal Government Grant and Assistance Programs


Health Promotion and Disease Prevention Research Centers: Affordable Care Act (ACA) Special Interest | Special Programs for the Aging_Title III, Part D_Disease Prevention and Health Promotion Services | Donation of Federal Surplus Personal Property | Adaptive Science | Adoption Opportunities | National Gallery of Art Extension Service | State of Good Repair Grants Program | Monthly Allowance for Children of Vietnam Veterans Born with Spina Bifida | | Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy

Edited by: Michael Saunders

© 2008-2024 Copyright Michael Saunders