Home
About Us
Can Crypto Actually Help Puerto Rico After Hurricane Fiona?
Foundation: Puerto Rico Community Foundation
"An official emergency has been declared, which means in the tax program, your physical presence time is suspended," cryptocurrency investor Hayden Bowles says in a video posted to TikTok this week.
"So I am headed out of the island."
The post was met with a fierce backlash from Puerto Rican commenters, many of whom felt it epitomized the crypto community's extractive relationship with the island, Time reports.
Puerto Rico has received a flood of crypto entrepreneurs, investors, and influencers who have sought to take advantage of the island's tax benefits.
While these transplants argue they are bringing jobs and capital to the island, local organizers say they are driving up housing prices, privatizing beaches, erasing culture, and destroying communities.
Dean Huertas, a content creator, and activist responded to Bowles' video with a viral TikTok that called out tax beneficiaries who chose to leave the island.
"People come here to exploit and displace the local population while having the benefit of leaving whenever they please," Huertas tells Time.
Local organizers say promises that crypto leaders made about hurricane preparedness and relief years ago have not been kept; that many newcomers have simply left the island in its time of need; and that new crypto fundraisers have been started without community input. Read the Entire Article
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
One of Australia's most high-profile business leaders is leaving his post at the Australian Securities Exchange to lead the country's largest anti-slavery organization. David Braga, who has...more
"A nutritious breakfast isn't just about filing empty stomachs; it's about nourishing young minds." That's what Vicki Cutler, a branch manager at Prospera Credit Union in British Columbia, had to...more
Central Community College in Grand Island, Neb., is getting a major boost in its criminal justice program thanks to a $750,000 donation from Hornady Manufacturing. The money will go to the...more
The Starved Rock Country Community Foundation is asking for donations for its 2024 Spring Appeal, which will fund education, mental health, local history, fine arts, entrepreneurship revitalization,...more
On Thanksgiving Day in 1937, the Carroll Theatre in Westminster, Md., opened its doors to the public for the first time. Today, it's the home of the Carroll County Arts Council. The nonprofit...more
One of the biggest institutional investors in the world, Nuveen, is putting its money where its mouth is. In a podcast with Paul Ellis of Forbes, Radhika Shroff, managing director of impact...more
Zimbabwe's main stock exchange has issued a practice note on mandatory reporting of companies' environmental, social, and governance (ESG) practices, and one company in particular is taking full...more
The West African country of Burkina Faso has been hard hit by the effects of climate change droughts, flooding, and rising temperaturesand now it's looking to get some cash from the international...more
"No matter how hard we work, until we get our capital aligned, we're not going to fix the problems," Cory Donovan, executive director of ImpactPHL, tells Technical.ly. That's why the nonprofit in...more
A Boston-based investment firm is teaming up with an American Cancer Society affiliate to try to raise $5 billion for social impact investments over the next five years, the Boston Globe...more
Social Entrepreneurship
Spotlight
This Social Innovation Helps Prevent Bed Sores in Wheelchair Users
Co-founders William Mann and David Mravyan devised the Sensimat during a mandatory project for their MBA at the Richard Ivey School of Business in Canada. Sensimat is a device that helps manage and assess pressure among wheelchair users.
