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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
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F.B. Heron Foundation President Clara Miller is Stepping Down: Watch our 2015 Video Interview
In June, the F.B. Heron Foundation announced that it was moving 100 percent of its assets into impact investments, aiming to complete the process by the end of 2017. On September 30, the foundation's president Clara Miller joined NextBillion for a live Google Hangout. We discussed Heron’s bold move – and the lessons it has learned from its efforts to align its capital with its mission. You can view the replay in this post.
- Categories
- Impact Assessment
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Partnership Aims to Bolster Local Health Care Providers
Supported by one of the world’s leading philanthropies, a new partnership was announced Saturday during a United Nations development meeting aimed at improving health in poor and middle-income countries by helping to strengthen their primary care providers.
- Categories
- Health Care
- Tags
- philanthropy
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How MasterCard Aims to Transform Aid Distribution
Humanitarian organizations are increasingly asked to provide aid in a climate of political and economic unrest.
- Tags
- philanthropy
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Small Foundations Are Embracing Impact Investing
Paperwork and bureaucracy aren’t just pains in the backside of everyone working at every small business or smaller nonprofit. They’re also barriers to entry — for new people, new ideas and even new sources of capital.Crowdfunding might help level the playing field, but even that has a new set of challenges and limitations. When it comes to improving our cities, who knows how many opportunities to try out new approaches or scale up existing models are falling through the cracks?
- Categories
- Uncategorized
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