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Will Omidyarism Conquer Philanthropy?
Remember when Pierre Omidyar was seen as an odd duck in the philanthropy world?
- Categories
- Investing
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eBay Founder’s Philanthropic Firm to Invest $350M in India
Omidyar Network, the philanthropic investing firm of billionaire eBay founder, Pierre Omidyar and his wife Pam, plans to invest over $350 million (Rs.2,333 crore) in for-profit ventures and non-profit organisations in India by 2020.
- Categories
- Impact Assessment, Investing
- Region
- South Asia
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Weekly Roundup 12-4-15: Did Zuckerberg and Chan Just Become the World’s Biggest Impact Investors?
The Chan Zuckerberg Initiative set tongues wagging and some people pining for an "unlike" button to click on Facebook this week. But impact investing/philanthropy expert Antony Bugg-Levine is taking a wait-and-see attitude, saying, "It’s the doing, not the announcing, we need to judge."
- Categories
- Investing
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Mark Zuckerberg Responds To Skeptics, Elaborates On LLC Plan
After new parents Mark Zuckerberg and Priscilla Chan revealed their plans this week to give away 99 percent of their Facebook shares, a firestorm of controversy erupted. On the one hand, many people -- including Bill Gates and former New York City Mayor Michael Bloomberg -- praised the couple for the generous gesture. Others, however, questioned their motives.
- Categories
- Investing
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Citi Foundation Announces $20 Million Community Progress Makers Fund
The Citi Foundation announced today the launch of the Community Progress Makers Fund, a $20 million grant initiative to support nonprofit organizations in the U.S. The Fund will provide unrestricted grant funding to help community organizations lead urban transformation efforts that catalyze economic opportunities for low-income households and communities. Core operating support commitments of up to $500,000 each will be available to organizations working in Chicago, Los Angeles, Miami, New York City, San Francisco Bay Area and Washington, D.C.
- Categories
- Impact Assessment, Investing
- Tags
- philanthropy
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What Mark Zuckerberg’s Big Announcement Tells Us About the New Philanthropy
Mark Zuckerberg is now the seventh richest person in the world, with a net worth of $46 billion—which is way up from a year ago, thanks to Facebook's soaring stock (Zuckerberg owns over 20 percent of the company). That same run-up in stock value means that the millions of shares that Zuck has set aside for philanthropy in a donor-advised fund may now be worth over $3 billion, assuming those shares haven’t been sold since they were donated.
- Categories
- Investing, Technology
- Tags
- philanthropy
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Ford Foundation Spells Out Cuts to Make Way for Its Shift in Focus to Inequality
Under a new strategy announced today, the Ford Foundation will double the amount it provides to grantees to cover administrative overhead costs and steer $1 billion over five years toward strengthening social-justice organizations. At the same time, it will cut its support of several initiatives, including LGBT rights in the United States, direct cash transfers in Latin America, and microfinance.
- Categories
- Impact Assessment
- Region
- Latin America
- Tags
- microfinance, philanthropy
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Report: Indian American Philanthropy on the Rise: Could Dwarf U.S. Aid to India
New research reports that Indian American philanthropy has expanded from giving to family and community to more broad-based social causes and organizations focused on addressing India's most challenging problems.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- philanthropy, research