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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 to the value of LISC's ongoing efforts but also to the power and efficacy of community development, as a whole, to help advance racial and economic justice and spur opportunity throughout the country, according to Maurice A. Jones, LISC president and CEO.
"This is a catalytic gift to support vital and meaningful work," Jones said. "We are humbled and incredibly grateful to MacKenzie for her generosity, creativity, confidence and vision—using her resources in bold ways to invest in efforts to create and sustain stronger futures for American families and communities for many years to come." Read the Entire Article
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Greece's economy grew by 0.7% in the first quarter of this year, the country's statistics service announced today, which is a lot better than the government's initial forecast of 0.3%. The...more
There's a new way to invest in the world, and it involves putting your money where your mouth is. In a new video, 3Bank's CEO Vladimir Vukotic and fund manager Tim Crijns explain how the Serbian...more
Italian food company Equita is hoping to make a name for itself in the world of green finance. The company has launched the Equita Green Impact Fund, which aims to invest in projects that have a...more
Foundation: Johnson Foundation, Robert Wood Johnson Foundation
The Robert Wood Johnson Foundation is putting its money where its mouth is, investing $50 million to help communities of color get out of poverty, the New York Times reports. Zoila Jennings, the...more
Foundation: Nathan Cummings Foundation
A billionaire's foundation is investing all of its assets in companies that have a " measurable and beneficial social or environmental impact," the New York Times reports. Nathan Cummings, a...more
One of the world's largest green investment funds is set to announce its first transaction in the US. Per the Wall Street Journal, the Asia Green Fund (AGF) plans to invest up to $1 billion in a...more
Texas is following in the footsteps of Florida, Louisiana, South Carolina, and Utah by pulling billions from BlackRock, the world's biggest asset manager. The Texas State Board of Education...more
Amazon is taking a stand against climate change, and it's putting its money where its mouth is. The company on Tuesday announced the 15 startups that have been selected to participate in the...more
The European Central Bank is expected to cut interest rates for the first time in nearly a decade this week in an effort to boost the struggling eurozone economy, the Wall Street Journal...more
Foundation: Johnson Foundation, Robert Wood Johnson Foundation
The Robert Wood Johnson Foundation is giving $325 million to help communities that have suffered from "a historic lack of investment" in areas such as housing, water, and infrastructure, the New...more
Social Entrepreneurship
Spotlight
Ten Years After Katrina, A New Startup Sector Takes Hold In New Orleans
“I think, by 2018, there’s an opportunity for New Orleans to be viewed around the country, around the world, as a hub of entrepreneurship for the South,” says Tim Williamson, the CEO and cofounder of incubator The Idea Village, referring to the year the city will celebrate its 300th anniversary.
