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.

Read More

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.

Read More

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.

Read More

"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.

Read More

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 .

Read More

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.

Read More

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?

Read More

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.

Read More

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?

Read More

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.

Read More

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?

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

What It Takes: From Philadelphia, Lessons About Philanthropy and Civic Engagement

What It Takes: From Philadelphia, Lessons About Philanthropy and Civic Engagement

With backing from Knight and other funders, Philadelphia has been engaged in a unique experiment to strengthen the city’s civic engagement ecosystem. This initiative has had to overcome a number of challenges.

Read More

What a Big Bank is Doing to Boost Economic Opportunity in a Single City

What a Big Bank is Doing to Boost Economic Opportunity in a Single City

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.

Read More

Housing First: A Funder Boosts a Promising Model to Address Homelessness in Hawaii

Housing First: A Funder Boosts a Promising Model to Address Homelessness in Hawaii

A growing range of foundations is giving to build housing for the homeless, looking for a more permanent solution to a chronic problem. Here’s the latest example of how these capital projects come together.

Read More