Speaking of faith is supported by the Fetzer Institute, sponsor of Caron Armstrong's Charter

for Compassion.

You can learn more at Fetzer.org.

I'm Christa Tippett.

Traditional top-down aid has been effective in the global eradication of disease such

as smallpox, and few would argue with the necessity of aid as relief in the face of natural

or man-made disasters.

But there is growing scrutiny of the fact that, for example, $500 billion of Western

aid to the African continent since 1970 has not yielded a commensurate overall rise in

well-being.

My guest this hour, Jacqueline Novogretz, has helped coin a new term and a new model, patient

capitalism.

She runs the Acumen Fund, which is charting a third way between investment for profit

and aid for free.

It has a strong moral, even spiritual core, and its investors' returns come not in money,

but in social change.

From American public media, this is speaking of faith, public radio's conversation about

religion, meaning, ethics, and ideas.

Today, in our ongoing series on the Ethics of Aid, a different kind of capitalism, Jacqueline

Novogretz and the Reinvention of Aid.

Jacqueline Novogretz founded the Acumen Fund in 2001.

It is a young, still-experimental enterprise.

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