Our Director of Programs, Alicia Quinn, recently sat down with Renee Fitzgerald to chat about social enterprise for nonprofits. Renee is President of RCH Nonprofit Consulting, a firm that offers customized, hands-on support for nonprofit organizations in the areas of fundraising, strategic development, and board placement. Alicia dives into successful examples of nonprofit social enterprises on both a national scale and local level. Read the full blog post here.
Recently, Larry Fink, the CEO of BlackRock, the world's largest investing firm, sent a letter to the businesses he invests in, imploring them to be more socially responsible:
Since 2015, Mission Edge has partnered with Qualcomm on a number of community initiatives, including a skills-based volunteer program.
Team Rubicon Global, a client of Mission Edge, has been empowering veterans to provide disaster relief since January of 2010, when a 7.3 magnitude earthquake struck Haiti. A group of military veterans felt compelled to pull together and deploy to Port-au-Prince to offer support. From this mission, Team Rubicon was born.
I spent my career in the for-profit world where incentives and goals were pretty clear. You formed a company to bring a product or service to market and you charged a price that ensured you made enough margin to cover your costs and leave you with a profit. That profit was what you returned to your shareholders or reinvested in the company to fund growth. Profit is the fuel of progress.
This month, our CEO, Ken Davenport, talks with The San Diego Foundation about the value of social enterprise. Social enterprise is more than a strategy to create earned revenue streams; it’s a mindset shift.
“By diversifying revenue streams to include at least some earned income, organizations have more control of their destiny and are empowered to do more good,”