Living Cities spent its formative years channeling money from big firms and foundations to community development projects. Now, to drill deeper on equity, it aims to be a “leading racial economic justice organization.” How is that going?
A new law to incentivize investments in poor communities is drawing fire as a giveaway to the rich. But despite its flaws, the act has the potential to do real good. Here’s a roadmap for what philanthropy can do to ensure that happens.
Amid a growing critique of how U.S. capitalism has concentrated wealth in ever-fewer hands, the Kendeda Fund is looking to move the idea of employee ownership from the margins to the mainstream and democratize the economy.
Even though electricians, plumbers, and HVAC technicians earn good incomes, many young people steer away from these career paths, and few funders focus on this promising area. The billionaire Eric Smidt is an exception.
The 2017 tax law included the most important new program to spur urban revitalization in decades. But it’s lacking in transparency and accountability. Kresge has been working to fix that and ensure the law achieves real impact.
The Investing in Opportunity Act has the potential to be a game changer for distressed communities. But that promise can only be realized if the act works as intended—a big “if.” Rockefeller is on the case, along with other funders.
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?
With a mission of backing young entrepreneurs far away from Silicon Valley and the Northeast Corridor, VFA has drawn growing support from major companies like Uber and UBS, as well as individual donors who play a hands-on role in its work.
T. Rowe Price, the global asset management firm, has been based in Baltimore since 1937. Lately, its philanthropic arm has been ramping up its giving and taking new, bolder approaches to tackling the city’s many problems.
Supporting veterans has become a hot topic in the corporate foundation world. What’s driving this heightened attention? Where are grants going? And what approaches to lifting up former service personnel are showing results?
A new fund quarterbacked by a community foundation is aiming to close opportunity gaps from “cradle to career.” The initiative has a strong focus on building the capacity of local funders to have greater impact in a state with deep inequities.
Data is at the center of a project to design city-level economic mobility programs backed by Bloomberg, Gates, and Ballmer. But with ten cities selected and ready to develop their ideas, is this technocratic model likely to achieve lasting impact?
Despite 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.
As the founder of DC Central Kitchen, Robert Egger was an old hand at scaling social ventures when he arrived in Los Angeles to create L.A. Kitchen, an ambitious effort to fight hunger and poverty with a proven model. Here’s how things fell apart.
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?
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.