New Fund to Promote Innovation in Philanthropy

The Alliance for Global Good, a grant-making organization in Greensboro, N.C., is starting a fund to promote innovation in philanthropy. While the exact size of the fund hasn’t been decided, organization officials say it is likely to be in the $10-million range.

The alliance hopes that the fund will draw attention to charities that have found new approaches to tough problems and provide money to help them expand their work, says David M. Brand, the organization’s chief executive.