The New York Times reports on the unusual philanthropy of the Awesome Foundation, through which a rotating cast of mostly young trustees pool funds to provide $1,000 no-strings grants to applicants pursuing often-quirky cultural or community projects.
The article focuses on the New York chapter, one of 78 that have sprung up around the world since the foundation was launched in Boston six years ago.
The New York group has begun raising its profile, for example starting a series of TED-style Awesome Talks. "There’s value in modesty, in pursuing something specific rather than the silly money, the play money, the Monopoly money of start-up culture," Isabella Scott, a fashion designer who won an Awesome grant to grow a garden of flowers used to make dyes, said of the group.
Read a Chronicle of Philanthropy article about the Awesome Foundation.