Foundations typically decide in secret which ideas to fund, and recipients often are the tried-and-true programs. But Minneapolis-based GHR Foundation is upending conventions with its BridgeBuilder Challenge, which is offering $1 million annually for outside-the-box ideas.
And here's an unusual twist: The foundation puts all proposals on full public display.
"We are excited to find out what we don't know — what is out there? What are some unlikely partnerships that are forming?" said Amy R. Goldman, CEO of the GHR Foundation.
GHR — a private family foundation established by the late real estate developer Gerald Rauenhorst and his wife, Henrietta, — has committed $3 million over the next three years to the goal of addressing "urgent global challenges … in radically new ways."
More than 80 ideas have been submitted via GHR's technology partner, OpenIDEO.com. Examples include funding small, portable river turbines that can provide electricity to villages in the developing world, and cultivating grasshoppers as a new source of protein for humans and animals rather than raising conventional livestock and risking environmental damage.
So far there is one Minnesota submission: BanQu Inc., a start-up that has developed smartphone technology offering a ledger of financial and personal records. It's intended to help the estimated 2.7 billion people without bank accounts create and maintain an economic identity, including a credit history.
The scope of the challenge is intentionally broad to foster creativity and "discover social innovators doing critical work" who may fly under the radar of traditional foundations, said Goldman, the Rauenhorsts' daughter.
Nonprofits, institutions, even businesses are encouraged to apply. The goal is to select and support the three to five most promising ideas each year, and the winners will share in the $1 million awarded annually.