In a rare interview, we talk with African American finance billionaire Robert F. Smith about the extensive giving he’s done so far, where he sees it all headed, and how he hopes to move forward after a high-profile tax scandal.
Read MoreMayors for a Guaranteed Income is supporting local pilot projects and setting the groundwork for federal advocacy. Jack Dorsey is the initiative’s main benefactor, having contributed $18 million this year.
Read MoreWall Street billionaire Robert F. Smith’s philanthropic footprint continues to expand, with a common theme of tackling systemic inequities. This time around, he seeks to increase the number of Black certified public accountants.
Read MoreEven before Congress moved to send emergency checks to Americans as a response to COVID-19, policy debates about income supports were changing. A dedicated group of foundations has been working in this arena for years.
Read MoreThe Rockefeller Foundation wants to resurrect the American Dream. It’s channeling much-needed funds into tax and fiscal policy reform, and to save the much-criticized federal Opportunity Zone program from its own shortcomings.
Read MoreIt has been 400 years since slavery began in the U.S. How can funders address slavery’s many legacies, like the racial wealth gap? What should a foundation with historic ties to slavery do? How can funders support black-led change?
Read MoreFounded almost two decades ago, Common Future (formerly the Business Alliance for Living Local Economies) has lately embarked on a new, more inclusive chapter. Its reboot reflects the rise of equity as a key concern for many funders.
Read MoreA set of commitments made at a recent convening of funders and nonprofits underscores that the fight against poverty has many fronts, from helping people access government benefits to unlocking capital for micro-finance.
Read MoreSome of the nation’s wealthiest philanthropists have lately swung behind new work to make city economies more equitable and inclusive. We look at a data-driven initiative that is attracting big grant money.
Read MoreA 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.
Read MoreDespite 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.
Read MoreLike 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.
Read MoreIn 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.
Read MoreThe 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 MoreMore 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 MoreBlockchain 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.
Read MoreWells 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 MoreBOK 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.
Read MoreJPMorgan 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?”
Read MoreWhile 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.
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