The strategic alignment between business and corporate foundations, impact funds, and accelerators shows enormous potential for achieving social impact. But they can align in different ways, each with its strengths and weaknesses.
The world increasingly expects and needs companies to deliver both economic and social value. Their ability to mobilize resources has surpassed even that of large governments. In the United States, for example, private-sector spending is seven times larger than governmental spending and 20 times larger than nonprofit-sector spending. With such outsize output and influence comes responsibility.