In the quest for signs of transparency in the philanthropic universe, the launch of Markets for Good seems like a particularly promising harbinger of a more transparent future for the social sector as a whole. In this future, social actors will routinely share what they are doing and learning as a matter of course, and in so doing will serve to “connect, align, and accelerate works and ideas already in progress.” Markets for Good is serving as a catalyst to accelerate the arrival of such a future, and its goal is to discover how the social sector can better use and share information to improve outcomes and change lives.
Markets for Good is an effort supported by the Bill & Melinda Gates Foundation, the William & Flora Hewlett Foundation, and the progressive financial firm Liquidnet to improve the system for generating, sharing, and acting upon data and information in the social sector. Its vision is of a social sector powered by information, where interventions are more effective and innovative, where capital flows efficiently to the organizations that are having the greatest impact, and where there is a dynamic culture of continuous learning and development.
Glasspockets is excited and optimistic about this launch, and we look forward to seeing how transparency practices and values can be a catalyst for a more effective, innovative, and impactful future.