Betterment Quote by Richard Cornuelle
“The foundation is an instrument forged by citizens who transfer profit from the commercial sector and put it directly to work as risk capital for the general betterment of the society.”
About This Quote
Source Book: The Foundations of Civil Society, 1975
Citizens create foundations to redirect private profit into societal risk‑taking capital for public good.
In simple terms: People fund foundations to help society.
Key Takeaway
Support or start impact‑focused foundations.
Themes
philanthropy
economics
social impact
Mood
analytical
optimistic
Type
philosophical
practical
When to use this quote
- social entrepreneurship
- community development
- grantmaking
Key Concepts
risk capital
public good
private‑public partnership
Questions to Reflect On
- How can foundations balance profit motives with social goals?
- What risks do they assume?
A Different Perspective
Foundations may face regulatory and fundraising challenges.
