Social Innovation
As philanthropy evolves around the globe and in Australia, traditional "cheque book charity" is now less common. Replacing it is social innovation, which has become an important feature of the philanthropic landscape.
Social innovation is also known as social entrepreneurship, social ventures and social programs. It refers to a new breed of strategies, concepts, ideas and organisations that are extending and strengthening civil society by addressing all kinds of social issues. Typical examples are working conditions, education, community development and health.
It is the result of fresh thinking and changes in the way that philanthropists and donors engage with causes, projects and communities. Rather than simply giving away their money, they are applying governance and management principles, leadership, vision and consulting skills and becoming actively involved in the processes and outcomes.
An example of a prominent individual associated with social innovation is Bangladeshi Muhammad Yunus. He founded Grameen Bank (literally "Bank of the Villages"), which pioneered the concept of microcredit for supporting entrepreneurs in several developing countries in Asia, Africa and Latin America.
Social innovation in Western Australia
We strongly support the concept of social innovation. We look forward to fostering its growth in the Western Australian community by partnering with the following organisations and others.
How to Find a Cause
With so many individuals and organisations that you can support, it’s important to find the right cause, or causes, to commit your giving to. This is a critical part of the giving process.
