Start Early: Who's Supporting Children's Savings Accounts?
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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.
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With Support From a Major Bank, a City Takes on Inequality
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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.
Read MoreNo Silver Bullet: Behind an Effort to Tackle the Racial Wealth Gap in Urban America
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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.
Read MoreRadical Idea? The New Funding Around a Basic Income
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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.
Read MoreWho's Giving Grants to Close the Racial Wealth Gap?
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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.
Read MoreJoined at the Hip: Community Development Finance and Big Banks
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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?
Read MoreIt's Complicated: Banks' Messy Relationship With Community Development
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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.
Read MoreThe Final Countdown: Where are MetLife’s Financial Inclusion Grants Landing?
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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?
Read MoreNot-So-Random Good Deeds: Another Housing Crisis Bad Actor Bank Giving for Financial Literacy
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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?
Read MoreFor a Finance Couple, a Risky Big Bet on Child Savings Accounts
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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.
Read MorePay Day: Who Cares About Empowering Responsible Small Business Lenders?
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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.
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