YouTube for charities

After winning Oprah's Big Give, entrepreneur Stephen Paletta is planning his next venture: Virtual-Volunteer.tv.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)

Photos
Oprah winner's next move Oprah winner's next move Oprah winner's next move
Oprah's Big Give winner Stephen Paletta's next project is Virtual-Volunteer.tv, which Paletta envisions as a "YouTube for philanthropy" using streaming video.

(Fortune Small Business) -- Stephen Paletta had just won financing for a $10 million construction project in New Orleans when Hurricane Katrina devastated the city and his plans. He took this as a sign that after running two successful companies, he should try something new: philanthropy.

Paletta spent a couple of years building schools in Rwanda, and in April his entrepreneurial skills helped him win Oprah's Big Give, an ABC-TV show in which contestants vie to help the needy. His prize: $500,000 to give away, $500,000 to keep. Paletta, 44, is now investing in philanthropic innovations, including a website, stephenanderic.org, that uses video diaries to show donors' money at work.

A more ambitious project is VirtualVolunteer.tv, which Paletta envisions as a "YouTube for philanthropy" using streaming video. The June live launch will follow Katrina victims into their newly readied homes in Pearlington, Miss. - renovations completed courtesy of a $100,000 donation from Big Giver Paletta. To top of page

To write a note to the editor about this article, click here.

Find Business Answers
or
Ask a Question






QMy dream is to launch my own business someday. Now that it's time to choose a major, I'm debating if I should major in entrepreneurial studies or major in engineering to acquire a set of skills first. Is majoring in entrepreneurship a good choice? More
Get Answer
- Spate, Orange, Calif.
Sponsors
12 biggest tax scams to avoid There's no end to the creative ways scammers will try to steal your identity and your money. And tax time is one of their favorite times of the year. Here's how to spot a top scam and protect yourself. More
Public colleges with the best bang for your buck Graduates with bachelor's degrees from these state schools see the biggest return on their college investment, according to a report from PayScale. More
Cool cars from the 2015 Geneva Motor Show These are some of the stand-out cars and trucks on display at the 2015 Geneva Motor Show. More