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Press release: Acumen America Makes Its First Financial Inclusion Investment Under New Partnership With Metlife Foundation
Acumen, the nonprofit global venture fund, today announced its first financial inclusion investment under its Acumen America portfolio. Launched in 2016, Acumen America invests in social enterprises addressing the problems of poverty in the United States with a focus on the sectors of health care, workforce development and financial inclusion.
- Region
- North America
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‘Social Alpha’: Nonprofits Dive Into ETFs
As CEO of Impact Shares, the first nonprofit ETF issuer, Powell wants to modernize the way charities—and donors—think about using money to make a difference.
- Categories
- Investing
- Region
- North America
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Supplemental Safety Net: An Innovative Model Paves the Way for Inclusive Insurance in China
Hundreds of millions of people in China still remain outside the formal financial system, and insurance is one of their biggest unmet needs. Yet the country's insurance industry tends to focus on more affluent customers, and its public safety net isn't adequate for lower-income people's needs. YiBao, an insurance research, development and marketing consultancy, takes an innovative (and award-winning) approach to making the commercial insurance market work for the country’s low- and moderate-income households.
- Categories
- Health Care
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New Impact Investing Fund Will Support Nonprofits And Better Health Outcomes
AIM Healthy loans and lines of credit can, for example, help a recuperative-care nonprofit to add beds that provide a bridge between the hospital and permanent housing – combatting homelessness as well as hospital and jail readmissions, or a food-as-medicine nonprofit to partner with a health plan to lower costs and improve outcomes for patients with chronic diseases.
- Categories
- Health Care, Investing
- Region
- North America
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The/Nudge receives $250,000 grant from Rockefeller Foundation
The/Nudge Foundation, a Nandan Nilekani- backed non-profit focussed on sustainable poverty alleviation, has received a $250,000 grant from The Rockefeller Foundation, one of the largest and oldest names in global development philanthropy. The firm will use the grant to build organisational capacity, and expand its reach outside of Karnataka.
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- Uncategorized
- Region
- South Asia
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Kenyan entrepreneurs help youth thrive in Africa’s emerging ‘Silicon Valley’
Africa has recently been a launchpad for new technology developments. But as progress is being made, advancement for African women in the industry is still lacking. Judith Owigar, 32, saw this firsthand and decided to help other young women have a chance.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- employment, gender equality, nonprofits, youth
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Press release: MetLife Foundation & Verb Launch Competition To Accelerate Financial Innovation In Bangladesh
The Bangladesh competition will attract participants that have innovative ideas or solutions to empower the over 75 million Bangladeshis that manage their day-to-day financial lives without a bank account. MetLife associates will serve as mentors and judges for the competition, contributing hundreds of volunteer hours.
- Categories
- Uncategorized
- Region
- South Asia
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Google announces $1b commitment to tech education
The search giant said $10 million of the $1 billion commitment will be provided to Goodwill, a workforce development non-profit, to launch the Goodwill Digital Career Accelerator. It is the largest grant Google.org has awarded to a single organization, the company noted.
- Categories
- Education, Technology
- Region
- North America
- Tags
- nonprofits, philanthropy
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