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Alibaba launches US$1.5 billion fund to help fight poverty in China
At a conference attended by the company’s 36 partners at its headquarters in Hangzhou, executive chairman Jack Ma announced it would set up the Alibaba Poverty Relief Fund, with the money to be donated over the next five years.
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- Investing
- Region
- Asia Pacific
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Press release: Dana K. Bezerra Named President of Heron Foundation
Bezerra offers a breadth of experience that spans the philanthropic and for-profit sectors. She joined Heron in 2006 and has been responsible for deal-sourcing, identifying and developing relationships across a spectrum of investors, syndicating capital when possible, and cultivating opportunities to deploy the full range of Heron’s “toolbox” (including grants, program related investments, and market-rate mission related investments).
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- Investing
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Philanthropy is Changing Fast: 12 Lessons from Three Reports
A slew of reports over the last two years from the more progressive spheres of the social good sector shows that philanthropy cannot continue with “business as usual” if we hope to actually achieve the global SDGs. Mark Horoszowski and Petra Barbu of MovingWorlds pull some nuggets of wisdom from several recent reports, all pointing toward new rules the changemakers of the future are, or soon will be, following.
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- Social Enterprise
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Gates Foundation, Abu Dhabi Pair to Fight Forgotten Diseases
The $100 million fund will seek to eliminate river blindness, or onchocerciasis, and lymphatic filariasis, which leads to a condition known as elephantiasis, from countries where they circulate in Africa and the Middle East. The Crown Prince will donate $20 million and the Gates Foundation 20% of the total amount raised to the new "Reaching the Last Mile Fund," with a plan to raise the remaining $60 million from others in the region and beyond.
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- Health Care
- Region
- North Africa & Near East
- Tags
- philanthropy
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New $500 Million Co-Impact Fund Leverages Collaborative Philanthropy for Systems Change
Jeff Skoll joins Richard Chandler, Bill and Melinda Gates, Dr. Romesh and Kathy Wadhwani, and The Rockefeller Foundation in this landmark effort.
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- Investing
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Global Reach, Enlightened Self-Interest: Meet the New Visa Foundation
While it's surprising that Visa hasn't had a foundation until now—particularly given its size and global presence—it’s not wasting any time making financial commitments. The first is a larger pledge to the Women’s World Banking (WWB) initiative.
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Press release: Visa Launches Foundation With Inaugural Grant to Women’s World Banking
At the heart of the Visa Foundation is the belief that micro and small enterprises are the backbone of the global economy. In fact, small and medium enterprises account for more than 90 percent of enterprises worldwide, and contribute 50-60 percent of global employment. However, these segments struggle to access the financial tools, capital and training programs required to enable them to fully thrive. The Visa Foundation’s core mission is to support efforts to rectify this imbalance.
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- Uncategorized
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KIND Invests $20M to #SparkEmpathy By Connecting Classrooms
Empatico follows previous KIND-funded social impact initiatives, all inspired by early experiences of KIND founder and CEO, Daniel Lubetzky, who is founder and President of The KIND Foundation.