Institutional funding for social solutions is going through an exciting evolution.
Available capital has soared over the past few years.
Between 2001 and 2011, some 20,000 new foundations were created in the United States, representing a 32 percent growth in the industry. In that same time period, giving grew by 61 percent, and assets grew by nearly 39 percent. Impact investors have ushered in new pools of cash, with more than $300 billion in capital invested in 2014, a 40 percent increase since 2012. In addition, creative new approaches like venture philanthropy and pay for success models are diversifying ways funding can be allocated to social solutions.