Fifty-seven percent of philanthropists surveyed said advisers are necessary collaborators to achieve sustainable results. Philanthropy that delivers lasting results is as important as ever to affluent clients — especially here in the U.S. What's changing, however, are the tools, trends and strategies wealthy philanthropists are using to build sustainable charitable legacies.Read More
Social entrepreneurship can be difficult to define. While most generally agree that social entrepreneurship involves the pursuit of some social good and less of an emphasis on the creation of private wealth, there has not been a way to determine whether a business is socially motivated or not.Read More
How can 50 million Americans not know where their next meal is coming from while 40 percent of food gets wasted? Millennial social entrepreneurs are cooking up solutions. Rachel Sumekh, 24, co-founded Swipe Out Hunger, which allows college students to donate excess dollars on their meal plan to fellow students in need or to the broader community.Read More
Marc Sparks is a Dallas entrepreneur who builds portfolio companies with founding entrepreneurs from his private equity firm. Marc met Lynne Sipiora over 15 years ago and together they took a small homeless shelter, The Samaritan Inn, in Collin County from a small run down house in McKinney, Texas, to a $3,000,000 annual operation that houses and feeds over 200 people every day. In addition to The Samaritan Inn, Marc and Lynne also built the first transitional living apartment complex in North Texas, opened a thriving thrift store, and fostered a $7,000,000 family shelter that is currently under construction.
Thousands of people have regained their full independence because of this life saving program.
Marc has a string of successful businesses he has built and has a special affinity for entrepreneurs. Lynne convinced Marc that there are also social service entrepreneurs who regularly have "out of the box" ideas; that when funded will create social success. The idea is to significantly reap social benefits within our community by funding grants and overseeing accountability from the nonprofit management.
Together Marc and Lynne created Spark Tank. Spark Tank is an innovative concept that asks social service executives with an entrepreneurial spirit to present their idea that will create a social success.
What could you do with $5,000 that would impact lives?
At The Samaritan Inn -
$5,000 paid for the construction of a kennel behind the shelter, so that homeless families did not need to give up their beloved pets to enter the program.
$5,000 covered the cost of children's camps and lessons, so that they did not need to spend their summer in daycare.
$5,000 filled the tank of the company shuttle bus for one year, ensuring that clients without vehicles of their own, could get to work on a daily basis.
All interested applicants must apply online.
Each application will be carefully reviewed and three finalists will be chosen.
The finalists must present their ideas, in person, to the Spark Tank panel on a designated date. Each finalist will be allotted 10 minutes maximum time to present, followed by 10 minutes of Q&A.
Applicants must be a 501c3 organization with a minimum of two years history.
Human services, animal services, and the arts are all eligible to apply. National charities, United Way charities, political action committees (PACs) and faith based initiatives ARE NOT eligible. Faith based initiatives for nonreligious purposes ARE eligible.