Against Long Odds, a Corporate Funder Doubles Down on a Troubled City

Against Long Odds, a Corporate Funder Doubles Down on a Troubled City

T. Rowe Price, the global asset management firm, has been based in Baltimore since 1937. Lately, its philanthropic arm has been ramping up its giving and taking new, bolder approaches to tackling the city’s many problems.

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Local Efforts to Scale up Impact Investing in Affordable Housing Are Gaining Steam

Local Efforts to Scale up Impact Investing in Affordable Housing Are Gaining Steam

Two top community foundations have recently gotten behind public-private efforts to ease the housing squeeze. And a Seattle nonprofit is crowdfunding affordable housing investments. Can this new wave of local investing move the needle?

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To Crack the Poverty Code, a Big Bet on Data-Driven Interventions to Fuel Upward Mobility

To Crack the Poverty Code, a Big Bet on Data-Driven Interventions to Fuel Upward Mobility

Data is at the center of a project to design city-level economic mobility programs backed by Bloomberg, Gates, and Ballmer. But with ten cities selected and ready to develop their ideas, is this technocratic model likely to achieve lasting impact?

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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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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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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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"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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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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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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Work in Progress: A Funder Looks at Key Challenges Around Creative Placemaking

Work in Progress: A Funder Looks at Key Challenges Around Creative Placemaking

Using the arts to drive equitable community development has been both a promising and frustrating proposition ever since it started gaining traction among funders roughly a decade ago. We check in on how a key leader in this space, the Kresge Foundation, sees the field evolving.

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Tough Problem, Deep Pockets: Parsing Bezos Philanthropy's Initial Steps on Homelessness

Tough Problem, Deep Pockets: Parsing Bezos Philanthropy's Initial Steps on Homelessness

While Jeff and MacKenzie Bezos’ separation is making headlines, a slew of grants announced last fall by their Day 1 Families Fund made the couple among the nation’s largest givers for homelessness. How’s that playing out so far?

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This Billionaire’s Foundation Will Pay You $10,000 to Work Remotely from Tulsa

This Billionaire’s Foundation Will Pay You $10,000 to Work Remotely from Tulsa

Economic development and entrepreneurship are on the forefront of many funders’ minds these days as they seek to catalyze urban growth. But some foundations are taking these goals to a whole new level to give their hometowns a boost.

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How the SunTrust Foundation Gives in the Southeast and Mid-Atlantic States

How the SunTrust Foundation Gives in the Southeast and Mid-Atlantic States

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?

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A Foundation Looks to Human Service Organizations to Boost Social and Economic Mobility

A Foundation Looks to Human Service Organizations to Boost Social and Economic Mobility

Human service organizations don’t just apply Band-Aids to social problems. They also can drive larger change and help struggling Americans climb up the economic ladder. Or at least that’s the idea behind a Kresge Foundation initiative now in its second year.

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The (Affordable) House Next Door: Local Philanthropy's Expanding Role in the Housing Crisis

The (Affordable) House Next Door: Local Philanthropy's Expanding Role in the Housing Crisis

With the housing crisis accelerating and federal support shrinking, the Orcas Island Community Foundation in Washington State is the latest local funder undertaking new work in this space—including an advocacy role.

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Unusual Suspects: Two Big Funders Move Off the Beaten Path to Boost Community Development

Unusual Suspects: Two Big Funders Move Off the Beaten Path to Boost Community Development

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.

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A Big Gift for Homelessness From the Tech Billionaire Begging His Industry to Do More

A Big Gift for Homelessness From the Tech Billionaire Begging His Industry to Do More

Last month after a contentious campaign, San Francisoc voters approved a ballot measure to tax the city’s richest companies to help the homeless. Now one of the measure’s biggest supporters is putting millions of his own money where his mouth is.

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