Philoptima Launches New Open Innovation Community for Philanthropy

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Philoptima, llc., has launched a new on-line community of private foundations and other donors and grantmakers to connect with consultants, researchers, and experts to boost the impact of community social interventions by using the latest methods and applied research at the lowest possible cost. Nonprofit organizations in the United States can also join Philoptima at no cost and suggest research projects for donors to fund. Using a new Problem>Prize>Solution process, consultants in over 300 categories are matched to the proposal and invited to submit competitive solutions. Foundation members can also find specialized consulting talent and bypass the prize process to locate top research talent screened by foundation experts.

Philoptima, llc, a New Orleans based company, has launched a new Internet community serving philanthropists in the United States. Philoptima optimizes the success of a wide variety of community interventions funded by private foundations and other grant makers through thoughtful design, effective implementation, and rigorous evaluation.

Company President, Shirin Harrell, JD, says, "Grantmakers can use our unique web-based competitive research prize process to really boost their gift impact or we can connect them directly to our experts in over 300 practice categories." She noted that Philoptima also matches donors to nonprofit organizations prepared to implement prize-winning solutions. "This is a new research matching process built by grant makers for grant makers."

In the first of two phases, Philoptima uses the Internet to connect grant makers, donors, and philanthropists, known as "Prize-makers", to affordable best-practice research in various disciplines using a system of competitive problem-solution prizes and a mass collaboration community of researchers, consultants, and experts, with specialized skills in the general disciplines of health, education, public safety, governmental oversight, and the environment.

In the second phase, Philoptima connects prize-winning solutions chosen by the donor or private foundation (created in the first phase) to nonprofit organizations proximal to targeted communities that propose implementation plans in return for an additional cash prize. Nonprofits may also suggest unfunded problem statements for Prize-makers to consider for funding.

Harrell noted that additional elements on the Philoptima site include (1) consulting services and products to private foundations, (2) four secure electronic membership communities, (3) a public blog, and (4) books and publications. "We believe that people of wealth want to improve the common good and don't want to see money wasted", she said. "We are also convinced that solutions exist to almost any community problem and that local nonprofit organizations know the solutions that will work in their communities."

Foundations and donors can join Philoptima free and consultants, researchers, and experts may apply at any time by visiting http://www.philoptima.org. Prizes are posted as they are funded but do not change until the project deadline is passed. Nonprofits may join and propose "problem statements" that are specific to their communities for funding consideration by prize makers.

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Ray Harrow
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