Dec 7, 2007

FAST COMPANY: Civic Ventures wins 2008 ‘Social Capitalist Award’

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For the second year in a row, Fast Company magazine recognized Civic Ventures for its innovative approach to promoting encore careers for baby boomers looking for meaningful work.

The awards were given to the “most influential and effective social entrepreneurs who are solving the world’s problems” and the organizations they have helped to create. The winners, Fast Company writes, “use the tools of business to solve the world’s most pressing problems” and “demonstrate a consistent and unusually large impact on society.”

In giving the award to Civic Ventures for the second year in a row, the magazine cites both Experience Corps, a national service program placing older tutors and mentors in urban public schools, and the Purpose Prize, which provides five $100,000 awards for social innovators over 60. Civic Ventures’ goals, Fast Company states, are “to expand opportunities for a generation and to alter the national discussion on aging.”

“We’re working to redefine the second half of adult life as a time for encore careers that provide income, meaning, and the chance to do work that means something beyond oneself,” explains Marc Freedman, founder and CEO of Civic Ventures and author of Encore: Finding Work that Matters in the Second Half of Life.

Organizations given Fast Company’s Social Capitalist Award are rated on five critical components: social impact, entrepreneurship, innovation, aspiration and growth, and sustainability. Winners are selected by an independent advisory board of sector experts.

The winners are featured in Fast Company’s December/January 2008 issue (on newsstands Dec. 4 – Jan. 22, 2008).

Complete information on this year’s Social Capitalist Award winners, including expanded profiles and links for donations, can be found online at www.fastcompany.com.

by Jennifer Coate