Backed by the founder of Starbucks, a corporate coalition is gunning for a million youth hires by 2021 with a pragmatic initiative focused on a key zone of racial and economic inequity.
The bank is already one of the biggest and most important corporate funders, focusing on workforce skills and urban development. Now its philanthropic arm will have even more money to work with.
More than fifty years into the War on Poverty, this organization is shaking up how we support poor families. Funders large and small are paying attention to its unique model.
Last week, we looked at what foundations are doing wrong in the fight against rising economic stratification. Now, we turn the spotlight on a foundation that's been doing everything right.
Just because a city's revitalizing, that doesn't mean it's happening equitably. A group of corporations and foundations are upping their support for a Detroit fund seeking to ensure that it does.
In recent years, many foundations have put equity front and center in their work. But economic stratification only seems to be getting worse in America. Here's where funders have gone wrong.
As foundations look to drive economic development in their home regions, they're working with a wider array of stakeholders in more ambitious initiatives with lots of moving parts.
With funders facing roadblocks in Washington, D.C. and many states, now's a good moment to focus new attention on making change in another all-important arena: corporations and the private sector.
While other U.S. cities have been getting the biggest JPMorgan Chase grants lately, this funder is also involved in trying to catalyze economic activity in Brooklyn and the South Bronx.
News of a hidden $8 billion foundation based offshore in Bermuda underscores just how opaque the world of big philanthropy really is. What other surprises may be coming?
Lumina and Kresge foundations joined forces with $5 million in grant funds to recognize the efforts of 17 cities to reduce higher education gaps and attract and nurture talented men and women.
The Boston Foundation has been hammering away at workforce challenges for years and shows no signs of letting up, even though it also has a lot of other balls in the air.
Promising $1 billion in grants, the tech giant—lately under fire from a growing chorus of critics—has laid out big plans for advancing economic inclusion. What should we make of this move?
The giant bank has become a surprising leader in philanthropy's push for inclusive economic growth. We take a deep dive into the backstory—and what JPMorgan brings to the table that's new.
Despite the popularity of early childhood education initiatives among funders, few have pushed for accessible and affordable childcare. The Ms. Foundation is making a strong case for doing more.
Planning to spend down $1.2 billion by 2035, the Ralph C. Wilson Foundation is seeking regional transformation in the Rust Belt. One part of its strategy is youth mentoring.
Based in Cleveland, the KeyBank Foundation recently awarded its largest grant ever. The goal? To foster entrepreneurship, small business and better workforce training. Its CEO fills us in.
A Twin Cities-based funder network sees workforce development as a way to reduce poverty, stem homelessness and build racial equity. Advocacy and research are a big part of the picture.
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.
Nat Williams and the Black Social Change Funders Network argue that under-investment in black-led organizations is hurting the social justice sector writ large. What needs to change?
Despite heavy grantmaking over decades, the Mott Foundation hasn't been able to stop the devastation of Flint, MI by larger forces. Is place-based philanthropy a losing strategy in a complex world?
Bill and Hillary Clinton made millions after leaving the White House and also engaged in substantial personal giving. The Obamas seem headed down the same path, starting with $2 million in gifts for jobs in Chicago.
Even as AI and other advances promise to wipe out whole categories of jobs, some tech funders are looking for ways to help workers thrive. Google.org just became a big player in this space.
More funders in the Bay Area are looking to combat the region's rising inequity. Among those pushing the hardest is The San Francisco Foundation. Where are its latest grants going?
Pine Ridge Reservation is one of the poorest parts of the country, and Native American communities are often overlooked by philanthropy. One tribe member is introducing more funders to the area.
Grantmaking for summer jobs doesn't seem to be a high-leverage strategy for funders. But if you look past the feel-good vibe, you'll often find a larger agenda on workforce development.
Workforce development is a notoriously tough area for funders to get a lot of bang for the buck. Are there new ways to score big gains through online services? Here's the latest bet that the answer is "yes."
Plenty of online sites and tools that were supposed to solve critical problems have ended up as digital ghost towns. Will Markle's new jobs site, backed with over $25 million from Microsoft, actually work?
The emergence of Steve and Connie Ballmer as major givers is one of the more intriguing stories in philanthropy right now. New twists and turns keep coming—including important news last week.
Koch backing of the anti-poverty group Stand Together is part of a larger shift toward a kinder and gentler philanthropic profile—after years of bad press. Now, NFL star Deion Sanders is in the mix.