A growing number of donors large and small contribute to an organization that’s buying up medical debt on the secondary market and forgiving up to $100 of debt for every dollar it receives in contributions—a sky-high ROI.
Despite the devastation caused by the 2008 crash, financial sector reform isn’t a priority for most funders. Michael Masters has bucked that trend, bankrolling one of the few policy shops in D.C. able to go toe-to-toe with industry lobbyists.
Like a lot of tech companies these days, PayPal is keen to help diverse young workers build STEM skills, get through college and connect to economic opportunity. So how is the company’s philanthropy playing out? We get an inside look.
In under three years, the Economic Security Project has galvanized a surprising level of buy-in for the idea of giving people cash without conditions. We discuss strategy and funding with the organization’s leaders, including Facebook co-founder Chris Hughes.
The SunTrust Foundation, based in Atlanta, launched its Lighting the Way awards program in 2016 to recognize nonprofits in its market areas building financial confidence in their communities. Where are grants going?
More anti-poverty funders are looking beyond major cities to struggling rural communities. The latest example of grantmakers casting a wider net is the Communities Thrive Challenge, from the Chan Zuckerberg Initiative and Rockefeller Foundation.
Blockchain technology and cryptocurrencies are showing up more and more in philanthropy. We look at some of the main crypto-giving methods at play, as well as some of the risks involved.
Some of the nation’s wealthiest philanthropists have lately swung behind new work to make city economies more equitable and inclusive. We look at the latest initiative attracting big grant money.
Wells Fargo is the latest bank to make a big bet on urban community development, with a focus on Washington, D.C. The move comes amid multiple scandals around the bank, which badly needs some good publicity.
BOK Financial’s Learning for Life program is an exemplar of the popularity of financial literacy among financial services funders. We also check out its other giving and community involvement in its seven banking divisions.
JPMorgan Chase has been blazing a more sophisticated trail for corporate philanthropy. But as the bank giant rolls out its newest program of grants and investments, can it really claim it’s engaged in “systems change?”
While living donors and legacy foundations often eye other warily, they have a lot to gain from collaborating and more such efforts are emerging. Here's an example of that, focusing on economic equity.
They're still just one niche of the asset building movement, but children's savings accounts have attracted a lot of private funding lately. Here's a closer look.
Charlotte, North Carolina, has some of the lowest rates of upward mobility in the U.S. Now, Bank of America is footing the bill as a coalition of local leaders looks for ways to expand opportunity.
The University of Chicago's Urban America Forward initiative has won support from a range of funders—including corporate backers. It's now offering grants on a thorny issue: racial wealth disparities.
Well out of the political mainstream, the idea of a basic income is intriguing to some funders who are worried about inequality and also keen to put a bureaucratic welfare state out of business.
The mix of funders worried about America's vast gaps by race in wealth and income is getting more diverse and interesting. That said, we're not surprised to see who's writing some of the biggest checks.
While foundations have played a key role in supporting community development financial institutions, their biggest money comes from banks like BofA. Is that a problem?
Banks are playing a bigger role in community development for a variety of reasons. Among them: to comply with agreements reached with the Department of Justice. Just look at a recent spate of grants.
In 2013, the MetLife Foundation made a $200 million commitment to advance global financial inclusion. With $100 million left to move, where is the money going?
SunTrust is yet another bank that engaged in malfeasance during the housing bubble and is now focusing its philanthropy on financial literacy and inclusion. Ironic, right?
Despite talk of more risk-taking and big bets, lots of individual donors still play it safe. We look at a couple that isn't by investing in a public-private effort to change kids' lives in NYC.
In the places where entrepreneurs most desperately need capital, it's often in short supply. CDFIs work to change that, and some deep-pocketed funders have an eye out for lenders doing the best job.