Stream: Urban Renewal

“Investment Philanthropy” Investing for Social Good, a Century Ago

When Margaret Olivia Slocum Sage created her general-purpose foundation, her adviser Robert de Forest proposed a new concept: “investment philanthropy.” This meant using the endowment to engage in for-profit projects that also achieved a social goal. The Foundation’s first such investment was the Forest Hills housing development in Queens, New York…

In Brief: The Rockefeller Foundation Supports Renowned Urbanist Jane Jacobs

Jane Jacobs’ The Death and Life of Great American Cities is one of the most famous critiques of urban renewal in the postwar US. However, the book might never have been published if not for a vote of confidence from the Rockefeller Foundation in 1958…