Philanthropy Pours More Money Into Latino Wealth Creation


Foundation: Google.org, James Irvine Foundation, Irvine Foundation, Latino Community Foundation

The US Hispanic unemployment rate was more than three percentage points higher than the white unemployment rate in December, and the Hispanic or Latino unemployment rate was more than four percentage points higher than the overall US rate.

But the good news is that private foundations and nonprofit organizations are stepping up their efforts to help Latino- and immigrant-led businesses grow.

"It was important for us to make sure that, as we moved into this crisis mode of COVID, that Latino- and immigrant-led businesses weren't an afterthought," says Jacqueline Martinez Garcel, CEO of California's Latino Community Foundation.

The foundation started the Latino Entrepreneurship Fund in 2020 with $4 million from the James Irvine Foundation to help Latino entrepreneurs and community financial lenders assist Latino businesses.

Since then, it has provided $1 million to help start three new community-development financial institutions.

Such financial institutions, which have charity status, typically provide loans of up to $75,000 to low-income entrepreneurs or small businesses owned by people of color.

Hispanics in Philanthropy, an organization that works to attract charitable funds to serve Hispanics, launched the PowerUp Fund to help Latino-owned small businesses in California, New York, and Texas.

Google.org, the tech giant's philanthropic arm, gave $3 million toward that effort.

Read the Entire Article


Selected Foundation News

A customized collection of news from foundations from around the Web.

178Th Independence Day Address

Dunn a€“ Presidential Special Envoy for Partnership & Philanthropy, Ministry of Foreign Affairs, Republic of Liberia.Centennial Memorial Pavilion, Monrovia, Liberia, July 26, 2025.President...more

Billionaire Donors and Funding Cuts.
Foundation: Sea Change Foundation

Inside Philanthropy looks at the failure of foundations to invest in fostering a political and cultural environment that enables them to achieve their goals.Jeff Raikes, a co-founder of the Raikes...more

From the Alzheimer's Association International Conference 2025

Fred A.Stone Philanthropy Award for Alzheimer's Research to the Fred and Barbara Erb Family Foundation.Foundation made its largest ever investment in Alzheimer's and dementia research by establishing...more

Indigenous Led Funds

The philanthropic community must heed their calls for justice and solidarity, ensuring greater recognition and support for Indigenous-led initiatives worldwide.As Indigenous Peoples assert their...more

Fred and Barbara Erb Family Foundation Honored For Philanthropic ...

' e.logerror switcher request failed ln="!1,void(o&&o());var" r=".">=0;--n(){e[n]=(a=void 0,(a={fn:i=e[ n].fn||"",ln:i.ln||""",em:iem||","alias:...more

The Weeknd Receives Big Honour From the Toronto City

The Weeknd was awarded the Key to the City and honoured with The Weeknd Weekend by the City of Toronto.The ceremony was attended by Toronto Mayor Olivia Chow, youth from the Boys & Girls Club of West...more

Deputy Agric Minister Charges Gimpa to Set up School of Creative Arts

Deputy Agric Minister charges GIMPA to set up School of Creative Arts - Graphic Online Deputy Agric Minister charged GIMPO to set down School of creative arts.GIMPPA graduates are the bridge between...more

Tiny Feet, Big Moment: Dragon Nest Daycare Opens For Jcs Staff

The Dragon Nest, the districta€™s new staff daycare, officially opened its doors, marking a milestone for JCS.Daycare Coordinator Kim Alexander and Annette Beckwith, director of early...more

Best Public Middle Schools in the Tulsa Metro Area

Niche uses five weighted factors for its rankings: academics grade, teachers grade, district overall grade, culture & diversity grade, and parent / student surveys.School grades: PK, K-8.School...more

Catching up With Curry Wizza and His New Single, 'Old School'

Curry Wizza's passion for music ignited at 16, heavily influenced by Australian acts like Ocean Alley, Sticky Fingers, and Hockey Dad.We'll be digging into his inspirations, the creative journey...more






In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.




Federal Government Grant and Assistance Programs



Edited by: Michael Saunders

© 2008-2025 Copyright Michael Saunders