September was an amazing month in the world of social innovation. There were so many great articles and conversations that I really had a hard time narrowing down to 10 great reads. My original list was 50+.
I know we are all busy and keeping up with the chatter grows increasingly difficult, but this month provided some really thoughtful, long-form pieces that are well worth the read. I think change happens in fits and starts and this month was perhaps about taking a step back and contemplating where we’ve been and where we’re going. And I love it when writers force that kind of reflection.
Below are my top 10 picks for what was worth reading in September in the world of social innovation. But please add what I missed to the comments. And if you want to see an expanded list, follow me on Twitter, Facebook, LinkedIn or Pinterest.
You can see the 10 Great Reads lists from past months here.
Here is my pick of September’s 10 Great Reads in Social Innovation:
- In a beautiful New York Times op-ed titled When Capitalists Cared, Hedrick Smith describes a time in the first half of the last century when the American economy was a “virtuous circle of growth, [where] well-paid workers generated consumer demand that in turn promoted business expansion and hiring.” How did we move away from that?
- The Echoing Green blog showcases the many social innovations remaking Detroit, once a city on life support. This is an amazing transformation story where social innovation becomes an urban development savior. So exciting!
- I’m a huge proponent of the connection between strategy and outcomes, so I loved Arshad Merchant’s description of how Boston-based nonprofit Bottom Line dramatically improved student outcomes by taking a more strategic approach to their work.
- The Nonprofit Tech 2.0 Blog gives a great roundup of recent studies and reports about nonprofits, philanthropy and technology.
- Mashable highlights a very innovative campaign by UNICEF on social media network Pinterest. It really makes you think about social media, and nonprofit marketing in general, in a new way.
- Writing on the PhilanTopic blog, Derrick Feldman describes 8 trends and how they will affect fundraising. From crowdfunding, to one-click technologies, to Yelp and beyond he blows traditional fundraising out of the water.
- Social Innovation Fund Director Paul Carttar left his post in September, but social innovation is still very much a focus at the White House, given the White House Forum on Philanthropy Innovation.
- There was a bit of controversy in September about whether board members should be forced to raise money for their nonprofits. Kate Barr of Minnesota’s Nonprofits Assistance Fund argued that not all board members should fundraise. But a new study from the Nonprofit Research Collaborative found that nonprofits with active fundraising boards are more likely to meet their goals.
- And for those of you who struggle to recruit great board members, LinkedIn launched Board Connect, which looks amazing. Geri Stengel describes how to make it work.
- In a very thoughtful post on the Forbes blog, Tom Watson compares and connects two important September events in the world of social innovation: the Clinton Global Initiative and the Giving Pledge reaching 90+ members.
Photo Credit: x1klima
In the world of social innovation, May was most definitely about innovations in philanthropy and funding of social change. From social impact bond experiments, to hybrid foundations, to impact investing, to the Giving Pledge 2.0, there was much discussion and debate about how funders of social change should and are innovating. And that is very exciting because it is not enough for social entrepreneurs to push things forward, we desperately need new financial vehicles to fund those social change efforts.
Below are my ten picks of the best reads in social innovation in May, but as always, please add what I missed in the comments. If you want to see other things that caught my eye, follow me on Twitter, Facebook, LinkedIn or Pinterest. And if you want to read 10 Great Reads lists from past months, go here.
- First up is social impact bonds (or pay for success bonds), a very exciting, new way to fund nonprofits that achieve improved social outcomes that result in public sector savings. McKinsey released a new report on the potential for social impact bonds in the US. And Minnesota is one of the first states to experiment with these bonds with a $10 million pilot. Twin Cities Business magazine explores the idea and Kate Barr of Minnesota’s Nonprofit Assistance Fund gives an overview of the idea, resources and further conversation.
- This month’s second annual meeting of those wealthy individuals who signed Bill Gates’ Giving Pledge (a public promise to give at least half of their wealth to charity in their lifetime) showed some real interest in impact investing, or using their money to make money while creating social change at the same time. Laura Tomasko argues why their interest in impact investing (both mission-related investments and program-related investments) is such an exciting opportunity. And Lucy Bernholz takes their interest in impact investing in another direction arguing that “this century’s great philanthropists should aim not just to match history’s great givers in their largess, but also in the creation of mechanisms and institutions that serve the future as well as their predecessors served the past.”
- Finally, in a very exciting move, the Obama Administration has proposed an expansion to the rules about how foundations can use program-related investments (low or no interest loans to social change organizations) and some community foundations are already getting into the game.
- And from the nonprofit side of the financial equation comes the Nonprofit Finance Fund’s effort to debunk the myths around endowments as a road to nonprofit financial sustainability.
- Financial sustainability must always be on the mind of social change organizations, as this cautionary tale from the North Carolina YWCA that had to close its doors because of poor financial management and oversight demonstrates.
- Has the drum beat against judging a nonprofit based on overhead costs gone mainstream? An op-ed in the LA Times argues that administrative costs are “no way to judge a charity.”
- At the Social Earth blog Thien Nguyen-Trung cautions against an overemphasis on growth among social entrepreneurs and instead argues for “impact offtakers” or an exit strategy for social entrepreneurs to hand off their solution to government or another larger entity instead of trying to reach scale on their own.
- And Patrick Lester seems to agree in his argument that it’s not enough to fund social change solutions: “Foundations and philanthropists need to step forward and fund not just innovation, but advocacy too–only then will our best ideas be taken to scale.”
- There were several articles about exciting, innovative approaches to solving food problems. From a $125 million loan fund for healthy food outlets in California, to urban farming in Detroit, to a very successful nonprofit grocery store in Portland, Oregon.
- In the Stanford Social Innovation Review Matthew Forti offers 6 things nonprofits should avoid in their theory of change (their argument for what they exist to accomplish).
Photo Credit: C. Frank Starmer