Corporate Funders Flock to This Community Foundation's Housing Investment Fund

Corporate Funders Flock to This Community Foundation's Housing Investment Fund

More community foundations are getting behind impact investing, often with housing on the agenda. Recently, the Foundation for the Carolinas has attracted major corporate backing with a fund designed to boost affordable housing in the region.

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Inside the New Billionaire War on Poverty

Inside the New Billionaire War on Poverty

In the past few years, some of America’s richest mega-givers have backed new work targeting poverty. Who’s giving? What approaches are receiving support? And will these donors eventually take a more systemic approach to fixing an unequal economy?

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Who’s Making Grants to Help Opportunity Zones Realize Their Promise?

Who’s Making Grants to Help Opportunity Zones Realize Their Promise?

The 2017 tax law created more than 8,700 zones around the U.S. with the goal of attracting new investment to poor areas. Now, funders like Mastercard and Rockefeller are stepping up to help communities get capital flowing.

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He Became a Billionaire Selling Tools. Now He’s Boosting Skilled Trade Education in High Schools

He Became a Billionaire Selling Tools. Now He’s Boosting Skilled Trade Education in High Schools

Eric Smidt started the discount hardware store Harbor Freight Tools at 17 with his dad in 1977. Now worth $3 billion, his emerging philanthropy is laser-focused on helping high school students prepare for good-paying jobs in the trades.

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To Get More Young People Into Good Jobs, a New Focus on Apprenticeships

To Get More Young People Into Good Jobs, a New Focus on Apprenticeships

Even as millions of young workers languish in low-wage jobs, employers say they can’t find enough electricians, plumbers and other skilled workers. A funder-backed initiative at New America is looking to change that by re-juicing youth apprenticeships.

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Chasing Financial Health: A Top Bank's Latest Investment in Underserved Communities

Chasing Financial Health: A Top Bank's Latest Investment in Underserved Communities

The lack of savings in underserved communities leaves vulnerable populations ill equipped to weather unexpected emergencies and achieve financial security. JPMorgan Chase recently unveiled a new $125 million effort to address this problem.

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From a Tech Billionaire Couple, Millions to Find the Best Solutions to Homelessness

From a Tech Billionaire Couple, Millions to Find the Best Solutions to Homelessness

Putting $30 million into homelessness research won’t get people housed immediately. But with California poised for bolder action on this crisis, Marc and Lynne Benioff are looking to ensure that resources go to evidence-based solutions that will work.

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Close to Home: A Bank with Local Ties Zeroes in on a Distressed Neighborhood

Close to Home: A Bank with Local Ties Zeroes in on a Distressed Neighborhood

Atlanta has the highest level of income inequality of any city in America, with nearly half of residents in its Westside area living in poverty. The SunTrust Foundation is part of a new collaboration that’s coming together to try to turn things around.

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Who’s Helping Push the Idea of a Basic Income into the Political Mainstream?

Who’s Helping Push the Idea of a Basic Income into the Political Mainstream?

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.

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"All of the Tools in Our Tool Belt." A Community Foundation Steps Up its Impact Investing

"All of the Tools in Our Tool Belt." A Community Foundation Steps Up its Impact Investing

The momentum behind impact investing is being further fueled by a growing sense of urgency among funders up against large-scale equity challenges in top metro areas. The San Francisco Foundation is the latest funder looking to bring more cash to the fight.

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Behind a $180 Million Corporate Pledge to Connect Youth with Opportunity Worldwide

Behind a $180 Million Corporate Pledge to Connect Youth with Opportunity Worldwide

A growing number of philanthropic initiatives are zeroing in on the many teenagers and young adults who aren’t engaged in either school or work. The latest effort, from a major financial products company, is addressing this vexing problem at a global level.

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How a Major California Foundation is Going All-In on Empowering Low-Wage Workers

How a Major California Foundation is Going All-In on Empowering Low-Wage Workers

Three years ago, the James Irvine Foundation adopted a bold, singular focus: building political power and career opportunities for low-wage workers in the nation’s most populous state. We talk to the foundation’s leadership about how this effort is going.

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As Wealthy Donors Fuel Campus Growth, What About Low-Wage Workers and Local Residents?

As Wealthy Donors Fuel Campus Growth, What About Low-Wage Workers and Local Residents?

While the higher ed fundraising boom has lifted many boats, university employees often find themselves squeezed by flat wages and escalating housing costs. Some donors are paying attention to these larger equity issues. Will others follow?

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Growing Up: How an Advocacy Group for Millennials Seeks to Expand Its Fundraising

Growing Up: How an Advocacy Group for Millennials Seeks to Expand Its Fundraising

Started in 2009 by five law students in a campus cafeteria, Young Invincibles has become an increasingly visible national organization engaging young people in policy issues. Already backed by top foundations, it’s now looking to engage more individual donors.

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A Major Bank Doubles Down on Helping Workers, But With Strategies That Only Go So Far

A Major Bank Doubles Down on Helping Workers, But With Strategies That Only Go So Far

Already a leading funder in the space, JPMorgan Chase is upping its investment in workforce development. It’s one of many corporate funders pursuing similar strategies that are showing good results, but sidestep larger challenges facing workers.

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How a Project in Boston is Mixing Philanthropy and Investments to Reimagine Capitalism

How a Project in Boston is Mixing Philanthropy and Investments to Reimagine Capitalism

What would a new economy that works for everyone look like? And how do you create it? The Boston Ujima Project thinks it has some answers, building a place-based investment fund that is democratically controlled by community members .

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He Was a Young Hedge Funder with a Lucrative Job. Now He’s Working to Scale Access to Healthy Food

He Was a Young Hedge Funder with a Lucrative Job. Now He’s Working to Scale Access to Healthy Food

At the age of 30, Sam Polk walked away from a highly paid trading job to enter the social change arena. With help from the Kellogg Foundation and other backers, he’s building a social enterprise that’s focused on food equity and has big ambitions.

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Closing the Gap: Behind a Longtime Corporate STEM Funder’s New Work on Women and Girls

Closing the Gap: Behind a Longtime Corporate STEM Funder’s New Work on Women and Girls

The IT company Cognizant launched a foundation last year as part of its efforts to bolster STEM skills in the U.S. It recently started grantmaking and appointed an executive director. A focus on girls and women has figured prominently in its early moves.

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Hidden Hand: Just How Self-Interested is Corporate Philanthropy?

Hidden Hand: Just How Self-Interested is Corporate Philanthropy?

While it’s no secret that corporations see their giving as a way to both have social impact and burnish their reputations. Research has revealed a more troubling picture of how business philanthropy may be used as a tool to sway public policy.

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Advocacy and More: Philanthropy’s Role in Two Big New Initiatives to Tackle the Housing Crisis

Advocacy and More: Philanthropy’s Role in Two Big New Initiatives to Tackle the Housing Crisis

Philanthropy is a small but important part of major projects in Seattle and the Bay Area aimed at ensuring more affordable housing and providing aid to the homeless. Where can grant dollars have the most impact in taking on these daunting challenges?

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