A new narrative for business and charity
It's time for a new narrative about the roles of business and philanthropy. It's no longer true enough to say business makes money and charity does good. Entrepreneurial donors are beginning to wonder if business with purpose can accomplish more good than charity alone.
Business plays a critical role, not just in creating financial value, but in adding to human flourishing (see advances in communication, technology, sanitation, and healthcare).
If business is meant for good, then it follows that charity may be meant for financial profitability as well.
The new narrative calls for bringing together the best of business and the best of charity to accomplish a mission, regardless of the legal form the entity takes (nonprofit, LLC, partnership, etc.). This is not just a moral imperative, but we see through case studies and recent benchmarking surveys that it’s good for business as well.
In our first 3 years, we have placed more than $54Million in 100+ Impact Companies. We don't claim this success as our own, though. Impact Foundation has its roots in the generosity movement. You see, our founding team met while working with the National Christian Foundation helping givers simplify and maximize their charitable gifts. Those roots mean we are committed to two key ideas.
First, God doesn't need our money, but in His kindness He allows us to participate in His work in the world. The means of our participation is generosity, simply another word for surrender. When we surrender ourselves--our finances, skills and talents, reputation, connections, indeed our very lives--to God for His work, He infuses them with His grace and accomplishes through us immeasurably more than all we could ask think or imagine. It's a thrill and a gift. That's why we can confidently say 'it's better to give than to receive.'
Second, we want to see the Kingdom of God advance so that the lost are found, the hungry are fed, the orphan housed, justice carried out, and on and on. That means we as Christians are called to be smart, shrewd as a fox, in how we deploy our capital to accomplish good in the world. We need to research, measure, pray, learn what works and what doesn't, shift our methodologies, and pray some more. Philanthropy is fun, but it's also hard work.
The search for better ways to accomplish good in the world led us to the creation of the Impact Foundation.