Invitation to Comment
The Moral Bucket List - By David Brooks, The New York Times
Over the weekend our CEO, Ben Hecht, shared David Brooks' ‘The Moral Bucket List’ internally, asking staff to read and reflect. Through the article, Brooks explores the connections between humility, ambition and intrinsic motivations. In an organization–and a field–where many are motivated by passion for work, or build careers around an inner calling, this article generated an insightful and candid conversation among our staff.
We now invite you to read, reflect and comment on this blog. And we can’t wait to hear what you think.
On to the rest of this week’s #GoodReads!
Municipal Innovation and Community Engagement
How Innovation and Engagement Are Really Two Sides of the Co-Governance Coin - By Nigel Jacob and Eric Gordon, Route Fifty
This new piece by authors who lead the City Accelerator’s two active cohorts, explores the relationship between civic innovation and community engagement. It highlights the intersections, of two key components of what we call a new type of urban practice.
Recommended by Tamir Novotny, Senior Program Associate, Living Cities
Inequality and Poverty
What is it like to be poor at an Ivy League school? - By Brooke Lea Foster, The Boston Globe
This article on the challenges facing low-income students at elite universities highlights the need to go beyond the surface in our collective work to expand opportunity for all. How do we go beyond promoting college enrollment for low-income students and students of color? How can we create supportive structures and an inclusive culture that ensures all students and youth are able to succeed in college and eventually enter high quality jobs?
Recommended by Juan Sebastian Arias, Program Associate, Collective Impact
To Get More Affordable Housing, Build More Transit - By Frank Chiachiere, Seattle Transit Blog
The Seattle Mayor’s recent announcement to build 20,000 affordable housing units over the next 10 years. The author talks about the need for financing to be expanded dramatically to cover the cost of land around transit and construction.
Recommended by Ellen Ward, Senior Investment Officer, Capital Innovation
Now It’s Easier Than Ever to Invest in Stocks for Social Good - By Ben Schiller, Fast Company
How can individuals invest for good? The Capital Innovation cluster asks ourselves this question every day. There’s an online brokerage firm “Swell” that’s tries to make it easier. Investors can invest in a bundle of publicly traded stocks to “End Poverty”, “Fight Cancer”, “Uphold Human Rights”, or “Improve Education”. The stocks are selected based on the giving on the companies' foundations. For instance, the “End Poverty” portfolio consists of 39% financial companies and because of the massive size of their foundations, Walmart and Exxon Mobil are in every portfolio. Really, that’s called investing for good? Ultimately, the portfolios end up being the largest or most profitable companies who have the largest foundations.
There is still some skepticism around whether investing in companies because of the activities of their foundations is the most direct way to make a positive impact with your retirement money, but as Fast Company points out, “it’s the best offer out there.” This is the best offer TODAY, but it won’t be long before there are many others.
Recommended by Eileen Neely, Director, Capital Innovation