Like 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.
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?
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.
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.
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.
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.
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.
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?
In recent years, Barbara Dalio has quietly tapped a vast hedge fund fortune to help address Connecticut’s education problems. Now, in a big step up, she and her husband Ray are giving $100 million for a public-private partnership.
More funders are getting behind the idea that men need to champion and support gender equity. A recent grant from the Chevron Corp. will fund a top nonprofit’s growing work to engage “men as change agents” in the workplace.
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.
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 .
While sex work or trafficking occasionally make headlines, sex workers and their rights have been largely ignored by the public and by philanthropy. But new funding movements, giving circles, and collaboratives are seeking to change that.
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.
While the odds remain heavily stacked against U.S. low-income workers, efforts to boost their pay and benefits have been gaining steam in recent years. A handful of funders play a critical role in supporting this new labor movement. Who are they and where are grants flowing?
Stand Together, an anti-poverty organization backed by the conservative Koch network, plans to release $10 to $15 million in grants this month. What’s driving this giving by leading donors on the right and where have grants gone so far?
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.
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.
Philanthropy’s support of veterans causes has been spotty, even as the needs of veterans have grown. So it’s a big deal that Craigslist founder Craig Newmark has emerged as a major new giver in this space.
For all the talk of a golden age of philanthropy, the rich are piling up new wealth much faster than they’re giving it away. Most give mere crumbs compared to their net worth. The Bridgespan Group is looking to change that.
Detroit has become a test case for philanthropy’s growing push against urban poverty. We look at how the latest philanthropists on the scene, Steve and Connie Ballmer, are approaching the city’s entrenched challenges.
Ohio helped swing the 2016 election to Donald Trump, and the GOP controls both the governorship and state legislature there. But the Gordon Gund Foundation keeps working against the tide to advance a progressive agenda.
Lumina has set an ambitious goal to increase the proportion of adults with post-secondary degrees and certifications to 60 percent by 2025. That number hovered around 47 percent as recently as 2016. Here’s the latest effort to move the needle.
Some of the nation’s wealthiest philanthropists have lately swung behind new work to make city economies more equitable and inclusive. We look at the latest initiative attracting big grant money.
Many of the workforce development groups drawing funder support engage in matchmaking to hook up employers and jobseekers. JPMorgan Chase is backing such an effort in the South Bronx, with a focus on placing youth in unfilled IT jobs.
Funders often balk at supporting hard-hitting worker advocacy organizations like Restaurant Opportunities Centers United. But some foundations have swung strongly behind efforts to boost low-wage workers.
Since its launch in 2016, Blue Meridian Partners has emerged as a powerhouse vehicle for new giving by some of America’s wealthiest philanthropists. Now the collaborative created by the Edna McConnell Clark Foundation is becoming an independent nonprofit.
Even as the economy surges, millions of workers are trapped in dead end jobs while openings for more skilled positions go unfilled. The Markle Foundation’s effort to help close that heartbreaking chasm is gaining momentum.
Walmart and its foundation recently gave $4 million to organizations that train workers for better jobs. As America’s biggest private employer, though, the company’s real power to expand mobility lies in improving its own labor practices.
In the wake of the Kavanaugh confirmation fight, we’re republising a piece from June on how both foundations and major donors on all sides have sought to influence Supreme Court rulings over many decades.