The New Economy Initiative: What Might It Teach Philanthropy?

By Sean Watterson

Nonprofit Quarterly

Whereas most nonprofit foundations issue grants to other nonprofits or individuals, a program run by the New Economy Initiative (NEI) and the Community Foundation for Southeast Michigan (CFSM) is taking another route in an effort to improve the economic lot of Michiganders…The New Economy Initiative has a strong foundation base, including well-established national leaders in philanthropy, which suggests that this is something of a collective experiment in this type of funding.

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