Acumen was founded in 2001 as a philanthropic entity focused on poverty reduction. Importantly, it committed itself to investing patient capital bridges the gap between the efficiency and scale of market-based approaches and the social impact of traditional philanthropy. Not quite a foundation and not quite a venture capital fund.
It also started +Acumen to offer skills-training to social entrepreneurs. And there are +Acumen chapters which build a community of like-minded young professionals together. Today, I joined with the Boston+Acumen chapter to learn about what the +Acumen’s Impact Circles. It’s the next evolution of their +Acumen chapter — really it amounts to a 20+ people making donations of $500 each to Acumen and then receiving what amounts to a membership. I’m thinking about it.