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Do Good AND Make Money With 'Social Impact Bonds'

A new type of financial instrument is challenging the idea that giving and investing are separate and distinct. The social impact bond (SIB) is an experimental hybrid that applies a profit motive to some of the most intractable social problems. The government of Canada added itself to a short list of agencies around the world considering SIB programs, which can be seen as an alternative to charitable donations -- great for investors looking to place capital in a way that will generate economic and social value at the same time.

16-Year-old Wins $10,000 Hero Award for Providing Head-to-Toe Makeovers for Deserving Teen Girls

16-year-old Allyson Ahlstrom of Santa Rosa, Calif., wasn't satisfied with the idea of underprivileged teen girls settling for wearing used clothing from a thrift shop. At an age when outward pressures can easily threaten a girl's self esteem, she should be able to look her best and take pride in her appearance. That's why Allyson created Threads for Teens, a clothing boutique that gives girls in need a confidence-booster when they walk out the door with two brand new head-to-toe outfits. This month she was named one of 15 teen Huggable Heroes and awarded $10,000 in cash and a $7,500 educational scholarship for her outstanding work.

Join the UK's Biggest Clothes Collection and Help Beat Kid's Cancer

Everyone in the UK is being asked to clear out their drawers, wardrobes and cupboards - and take their excess clothing and accessories to the clothing retail chain TK Maxx anytime in April, to contribute towards the fight against kids' cancer. Since 2004, the annual campaign, Give up Clothes for Good, has raised a whopping £10 million, with hopes this year to raise an additional £2.5 million for Cancer Research UK.

Man Hitchhikes Across Canada in Only His Underwear Raising $30K for Testicular Cancer

People have bicycled, walked, even roller-bladed across Canada for charity. But Mark McIntyre is likely the only one who has ever hitch-hiked across Canada wearing nothing but his underwear and a smile. As a testicular cancer survivor, he teamed up with an underwear manufacturer that agreed to donate $20,000 for men's cancer research. He also wants to educate men on how to check themselves regularly, like women do.