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Purpose Prize

Marc Freedman Portrait

The Latest from CoGenerate

Event Recording: Book Talk: Cogeneration in the Age of AI

Event Recording: Book Talk: Cogeneration in the Age of AI

Simple question: Do you miss human connection when you use self-checkout at the grocery store? Complex question: How is cogeneration threatened by AI, profit-driven “efficiencies,” and automation — and what can we do about it? Allison Pugh, author of the book The Last...

Putting Two Things Together

Putting Two Things Together

On Friday, May 15, I had the great honor to address the 2026 graduates of Drew University, including the undergraduate College of Liberal Arts, the Theological School, and the Caspersen School of Graduate Studies. I'm very grateful to Drew's remarkable President...

Introducing the CoGen Voices Fellows

Introducing the CoGen Voices Fellows

Across the country, young people and older people are stepping up as civic leaders. But too often, they do this critical work with peers, in age-segregated spaces. Young people work without the benefit of older generations who bring lived experience, networks, and a...

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John Nelson

Wall Street Without Walls
Purpose Prize Fellow 2008

Helping nonprofits access advice and private capital by connecting them to active and retired finance professionals.

John Eric Nelson had always worked in community development and environmental preservation and was frustrated at the way most nonprofit groups faced an erratic funding stream from foundations and government grants. In 1998, at a Rockefeller Foundation gathering on ways to link nonprofits to capital markets, he met Greg Stanton, a Wall Street investment banker, who had founded an organization of financiers eager to donate their Wall Street expertise. Nelson now leads the group. Financial experts of Wall Street Without Walls help community development organizations think through a financing need, identify the best sources and structures for funding it. The finance professionals share their expertise by connecting capital markets with local economic development organizations that serve disadvantaged small businesses, individuals and families. Nelson has engaged national financial institutions including the Federal Reserve Bank system to give non-profits access to more than $1 billion of new mission capital since 2000. More than 2,500 professionals and 1,000 community organizations have taken on projects such as financing 1,000 units of workforce housing in Washington DC; creating a mortgage loan system for immigrant home purchasers; leveraging under-used federal assets to back a $1.1 billion infrastructure bond in New Orleans; and designing a national investment fund for micro-enterprise organizations. “My entire life’s experience has been my training for this unusual opportunity, and I am ready to take it on, at 61 years of age.”