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Ted Turner at his Montana ranch in 1991, the year he was named TIME magazine’s Person of the Year. © Ted Thai/Time Life Pictures/Getty Images
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Welcome to the March 2009 issue of the Philanthropy UK Newsletter. In December we reported on the impact of the economic crisis on philanthropy. As the recession continues to weigh on both funders and charities, we look at a new model that is becoming increasingly attractive to funders who want to have even more impact with their giving: social investment.
Social investment bridges the not-for-profit and for-profit worlds by generating both financial and ‘extra-financial’ returns, through social or environmental benefits. It is a nascent but rapidly growing market, and we think a promising model at a time when public trust and confidence in institutions is declining precipitously.
In addition, we are especially pleased to feature a profile of Ted Turner, who spoke to Philanthropy UK about the work of the United Nations Foundation which he founded with a $1 bn gift 10 years ago.
Wherever you are on your own philanthropic journey, we want Philanthropy UK to continue to be a useful guide and valuable source of support and encouragement for you. This Newsletter could not exist without the willingness of all our guest contributors to share their ideas and knowledge, and we are very grateful to them for their help and support.
We always welcome feedback and ideas from our readers, so if you would like to comment on this issue, or contribute an original article, please email us at editor@philanthropyuk.org.
Best wishes,
Susan Mackenzie
Managing editor
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