NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Investment from philanthropies confirms commitment to climate, gender, and debt justice

The Response and Vision Fund (RVF) announced today the second slate of grants to address the devastating economic impacts that workers and communities face across the global South as a result of the COVID-19 pandemic. This latest round of investments focuses on climate, gender, and debt justice, and aims to catalyze reforms grounded in preserving the rights and power of workers and communities while strengthening accountability and addressing underlying inequities in the financial system.

The RVF was launched in July 2020 by the Ford Foundation, Fundación Avina, Humanity United, Laudes Foundation, Omidyar Network, Open Society Foundations, SAGE Fund, True Costs Initiative, Wellspring Philanthropic Fund, and Wallace Global Fund. The fund is committed to identifying innovative and collaborative ways to uplift workers, migrants, and marginalized groups in the spirit of building back better and reimagining an economic model that works for people and the planet. The seven grantees in this second slate all contribute to those efforts – particularly by connecting worker and community-led organizations with international networks that are leveraging power to influence global actors. Each initiative will receive $110,000 USD (from a total pool of $770,000 USD) for up to 12 months. The new initiatives are:

Photo courtesy of coyot.