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Philanthropy is often seen as society's risk capital. That means the onus is on philanthropists, nonprofit leaders and social entrepreneurs to innovate. But philanthropic innovation is not just about creating something new. It also means applying new thinking to old problems, processes and systems.
Laura Arrillaga-Andreessen
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Interpretation

What this quote means

Philanthropy is a crucial driver of social innovation and requires new thinking to address existing challenges.

In this quote, Laura Arrillaga-Andreessen emphasizes the transformative power of philanthropy, suggesting that it serves as a source of financial risk akin to capital in a business environment. Philanthropists, nonprofit leaders, and social entrepreneurs are urged not only to create novel solutions but also to rethink traditional approaches to age-old problems, highlighting that innovation can stem from reimagining existing processes and systems rather than solely from new inventions.

Themes

PhilanthropyInnovationSocial ChangeChallengesLeaders

In practice

Example use cases

This quote can be used in a conference about social entrepreneurship to highlight the importance of rethinking traditional approaches.

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