Purpose Prize

Marc Freedman Portrait

The Latest from CoGenerate

These 10 Innovators Use Cogeneration to Advance Economic Opportunity

These 10 Innovators Use Cogeneration to Advance Economic Opportunity

Our first group of CoGen Challenge awardees are bringing older and younger people together  to boost the economic prospects of substitute teachers, artists with disabilities, people without homes, girls facing hardship in Appalachia, and so much more.   To learn more...

‘I Want These Girls to Know They Have Limitless Possibilities’

‘I Want These Girls to Know They Have Limitless Possibilities’

Gwen Johnson is the founder of Mamaw Mentorship in Eastern Kentucky and one of 10 awardees of the CoGen Challenge to Advance Economic Opportunity. Watch for interviews with all 10 of these innovators bringing older and younger people together to open doors to economic...

Need a Guide To Spark Productive, Intergenerational Conversations?

Need a Guide To Spark Productive, Intergenerational Conversations?

In March, we released our latest report, What Young Leaders Want — And Don’t Want — From Older Allies, summarizing what 31 Gen Z and Millennial leaders had to say about working with older people to solve pressing problems — aka “cogeneration” — and how it can be...

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Peter Karoff

The Philanthropic Initiative, Inc.
Purpose Prize Fellow 2006

Helping donors increase the impact of their philanthropy

After a two-year sabbatical studying poetry, Boston business leader and civic activist Peter Karoff founded The Philanthropic Initiative in 1989. His plan, groundbreaking at the time, was to promote philanthropy and to greatly enlarge the pool of donors, encouraging them to give more, and more strategically. Today the Philanthropic Initiative is a nonprofit philanthropic consulting firm that provides strategic planning and programmatic services to individual donors, families, foundations and corporations. The Initiative offers not only advice, but research into areas of need, as well as a commitment to pro bono work. To date, The Philanthropic Initiative has helped to direct more than a billion dollars in philanthropic investment to address a broad range of social issues including: education, health, youth and family needs, hunger and nutrition, housing and homelessness, community and economic development, civic engagement, environmental issues, and the arts. Perhaps more importantly, it has spawned a burgeoning cottage industry of philanthropy advisors and consultants and has influenced the thinking and actions of thousands regarding the critical role new philanthropic capital can play in improving the quality of life in communities around the globe.