The Role of Philanthropy in Regional Economic Development: The Donor View

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Donor perspectives of the relationship between philanthropic and regional economic activity tend to fall into four broad areas: building the workforce, revitalizing the region as an attractive place to work and live, broadening philanthropic understandings to include strategic impact investing, and catalyzing dense networks of innovators and investors. These categories are identified as mapping on to social theory about building human capital, infusing cultural capital, innovating economic capital, and leveraging social capital—respectively. Within these four most-common themes of how philanthropy enables economic growth, development professionals will do well to consider the degree to which a potential donor wishes to work with established organizations or to pursue alternative and disruptive initiatives. Read more here.

Source: NPQ

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