According to the National Committee for Responsive Philanthropy, some 125 leading US foundations that represent more than $3.37 billion in total during annual giving commits to prioritizing the needs and promoting democratic participation of underserved communities.
Among the grantmakers were the NoVo Foundation, Cleveland Foundation, and the United Way of New York City.
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The Charities Aid Foundation has set up a scheme, called the Social Enterprise Assist, that will render interest-free loans of up to £10,000 each to help social enterprise start-ups.