Seattle, December 16, 2004—Fast Company magazine has named PATH one of 25 "Social Capitalists" that are changing the world. A feature on PATH appears in the January 2005 issue of the magazine, which has a circulation of nearly 725,000. This is the second year Fast Company has made the awards, and PATH has won in both instances.
Fast Company, in partnership with global consulting firm the Monitor Group, picked PATH from a pool of 118 organizations nominated by a panel of prominent funders, academics, and other experts. The Fast Company/Monitor Social Capitalist Awards is the only award program that quantitatively measures a non-profit group’s innovation and social impact, as well as the viability and sustainability of its business model.
"The Social Capitalist Award winners represent a global movement of entrepreneurs who’ve chosen to apply their skills to the common good," said Fast Company editor-in-chief John Byrne. "In the meantime, they’re redefining what it means to be a 'successful business,' and are proving, without question, that the goals of altruism can jibe with the means of capitalism."
Chris Elias, PATH’s president said, "An award like this from the private sector is appreciated recognition of PATH’s entrepreneurship. Winning two years in a row is especially gratifying!"
An excerpt of the awards coverage can be found in the January 2005 issue of Fast Company. The January issue of the magazine will be available on December 21.