June 22, 2007

The MacArthur Foundation Enters Second Life [10:45 am]

Foundation With Real Money Ventures Into Virtual World

The goals are to gain insight into how virtual worlds are used by young people, to introduce the foundation to an audience that may have little exposure to institutional philanthropy and to take part in and stimulate discussions about the real-world issues that it seeks to address.

“This is not just some fad or something new and interesting that we’ve grabbed onto,” said Jonathan Fanton, MacArthur’s president. “Serious conversations take place there, people are deeply engaged, and that led us to think that maybe a major foundation ought to have a presence in the virtual world as well.”

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