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.
The People's Bank of China says it will start allowing people in China to use the country's new digital currency, the Digital Yuan, to buy goods and services starting next month, the BBC...more
When it comes to corporate social responsibility, India's government and public sector companies are at the top of the list. But when it comes to companies of all sizes, they're at the bottom,...more
The world's biggest state investors are getting into the business of making positive social and environmental impact investments. Singapore's Temasek Holdings, one of the world's largest state...more
"Our long-term vision is to see every dollar invested globally as a net positive for people and planet." So says Niklas Adalberth, the founder of Norrsken Foundation, which operates Norrsken VC,...more
When it comes to giving back to the communities in which they operate, India's companies are in a race against time to up their game. A new survey from Deloitte finds that just 28% of companies...more
Indian companies are spending more and more on philanthropic efforts. A survey of 185 companies by accounting and consulting firm Deloitte found that 25% of them spend more than $100 million a...more
Indian companies are spending more and more time thinking about how to make a positive impact on the world around them, the Economic Times reports. According to a survey of 185 companies by...more
"We've noticed that there are a wide variety of investment opportunities that can truly be transformative for women's and children's health and have confirmed, time and time again, that without...more
Italian crowdfunding site Ener2Crowd has just launched a new service called FidoGreen, which it says is the first "sustainable finance platform for sustainable investments," Quartz...more
Chris Pan's commencement speech at Ohio State has been called "cringe-worthy" and "the worst Ohio State commencement speech ever"but the social entrepreneur and 1999 Ohio State graduate wants to set...more
Social Entrepreneurship
Spotlight
3 Social Enterprises Earn Honors at Social Enterprise Award
Three social enterprises were recognized at the 2013 President’s Challenge Social Enterprise Award for their major contributions to society. SATA CommHealth and Bliss Restaurant landed Social Enterprise of the Year titles, while Bettr Barista Coffee Academy bagged the award for Social Enterprise Start-up of the Year.
