Business for Good

Business for Good
FormationJuly 2021; 3 years ago (2021-07)
FounderEd Mitzen, Lisa Mitzen
TypeCharitable organization, venture philanthropy
HeadquartersSaratoga Springs, New York
Location
  • United States
Websitehttps://bfg.org

Business for Good is a portfolio of companies, comprising a 501(c)(3) non-profit foundation and for-profit businesses, based in Saratoga Springs, New York.[1] It was founded in 2020 by philanthropists Ed Mitzen and Lisa Mitzen.[1] Business for Good's goal is to address inequities that impact underserved communities in the Capital District, including food insecurity, housing instability, and education gaps.[2] The organization provides capital and resources to local businesses, communities in need, and minority entrepreneurs through donations, grants, and profits from foundation-owned businesses.[3][4]

In 2022, Business for Good received an honorable mention in Fast Company's World Changing Ideas Awards for Impact Investing.[5]

  1. ^ a b Dimopolous, Thomas. "Business for Good: Local Entrepreneurs Present a Model for Philanthropy". saratogatodaynewspaper.com. Retrieved May 22, 2023.
  2. ^ Woodworth, Gordon (November 8, 2021). "$500K grant for Open Door Mission". Foothills Business Daily. Retrieved June 2, 2023.
  3. ^ Hornbeck, Leigh (July 13, 2021). "Ed and Lisa Mitzen launch Business for Good". Times Union. Retrieved June 10, 2023.
  4. ^ Hughes, Steve (November 4, 2021). "Business for Good donates $250,000 to Capital District Latinos". Times Union. Retrieved June 10, 2023.
  5. ^ "Social benefit and financial return don't have to be exclusive. These 20 impact investing projects are proof". Fast Company. May 3, 2022. Retrieved May 31, 2023.