Warren Buffett's Grandson on the Art of Opportunity Zone Social Impact Investing

credit: IDEA

Howard W. Buffett, the grandson of legendary investor and billionaire Warren Buffett, is getting into Opportunity Zones.

Buffett is launching a software tool that measures an Opportunity Zone investment's potential social, environmental and economic impact.

Through his advisory firm, Global Impact, Buffett developed the software, "Impact Rate of Return," with financial technology company NES Financial. The program aims to spur development in thousands of distressed areas across the country.

According to the firm, Buffett's reporting tool tracks an Opportunity Zone project's location, development type, census tract and investment size, then tabulates the data into one number. Buffett is rolling out the software across 67 Opportunity Zone investment funds. Read the Entire Article

A customized collection of grant news from foundations and the federal government from around the Web.

Report for America to Support More Than 300 New Reporter Positions for 2021

Report for America announced the selection of 64 new local news organizations as host newsroom partners, enabling the national service program to place more than 300 journalists in the field next...more

Adapting Old Buildings to Climate Change Requires New Financial Tools

The startup BlocPower uses software to identify buildings that are prime candidates to receive more efficient energy systems. That might mean installing an electric heat pump or a microgrid to...more

A Transformative Gift to Drive Racial & Economic Justice

Philanthropist MacKenzie Scott is donating an extraordinary $40 million unrestricted grant to LISC. It is the largest gift from an individual in LISC’s 40-year history—one that not only speaks...more

Call for Nominations: Invest in California’s Future
Foundation: James Irvine Foundation, Irvine Foundation

The James Irvine Foundation announces its open nominations for the 2021 Leadership Awards. The Awards recognize exceptional leadership, characterized by significance, innovation, effectiveness,...more

Understanding the Role Social Entrepreneurship Plays in Building a Strong Economy

Agnelorajesh Athaide, a serial and social entrepreneur, cofounder and chief mentor of The Business opportunities club (BOC), tackles new-age entrepreneurs who are seeking to bring about change...more

Laurene Powell Jobs's Charitable Group to Give Away Almost All of its Money

Laurene Powell Jobs, the widow of Apple founder Steve Jobs, plans to direct charitable empire Emerson Collective to give away her $28 billion in assets during her lifetime or shortly after her...more

How to Write a Theory of Change

Bridgespan tackles how a theory of change is a nonprofit's conceptual road map to impact. Bridgespan features how to write one that will help nonprofit leaders achieve their goals. According to...more

Community-Based Learning Gets Official Designation

The University of Wisconsin-Whitewater campus will have a new letter designation coming in the fall about what courses are community-based and what they entail. According to Kate Ksobiech, an...more

Tulane University Partners with Venture for America to Create Inner-City Jobs

Tulane University's Albert Lepage Center for Entrepreneurship and Innovation will partner with Venture for America (VFA) to host 2020 VFA Fellows along with leaders from university entrepreneurship...more

Home-Delivered Food Boxes Reduced Food Insecurity Among Adults, but Not Children

On an episode of On the Evidence, J.B. Wogan, Senior Manager of Strategic Communications, talk about a demonstration using home-delivered boxes packed with fruit, vegetables, and other shelf-stable...more