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Press release: Convergence Design Funding generates USD 116M of blended finance investments for global development
Convergence's grant program, Design Funding, is establishing itself as the nerve centre for the next generation of blended finance structures. Since 2016, blended finance vehicles supported by Convergence have raised about USD 116M of investments from public, philanthropic, and private investors.
- Categories
- Investing
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When Nonprofits Have A Financial Emergency, There’s Now A Fund To Bail Them Out
Nonprofits and social enterprises generally lack extra funds to help out if things go wrong. Unlike traditional businesses, it’s hard to develop a rainy-day fund when donors (or investors) expect most of your money to toward changing lives.
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Melinda Gates Launches Initiative to Reduce Poverty With New Technology
Melinda Gates has launched a high-level international commission to spark new thinking on how developing countries can best harness new technologies to reduce poverty. The wife of Microsoft founder and philanthropist Bill Gates spoke at the launch of the commission in Nairobi on Thursday.
- Categories
- Technology
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‘Blended’ finance is key to achieving global sustainability goals, says report
In a report to be presented on Wednesday at the World Economic Forum in Davos, the Business and Sustainable Development Commission found that private sector investors could take advantage of blended finance to gain access to rapidly growing markets in the developing world.
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On Philanthropy: 6 ways the world of giving could change in 2018
When it comes to the world of philanthropy, 2018 promises to be transformational. Pessimists are concerned about the impact of new federal tax laws, the increase in income inequality and the growing need for critical social services. Optimists see more reason for hope, believing that we have entered the “golden age of giving.”
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- Investing
- Region
- North America
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Michael and Susan Dell Foundation-backed Education Catalyst Fund makes two bets
Education Catalyst Fund, which is managed by global philanthropic organization Michael and Susan Dell Foundation-backed CBA Capital, has made two more investments in the education space.
- Categories
- Investing, Technology
- Region
- South Asia
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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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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.
- Categories
- Uncategorized
- Region
- South Asia