Foundation Grants
Community Vital Signs
About Us
Open Society Foundations' Soros Economic Development Fund
Foundation: Open Society Foundations, Sea Change Foundation
One of the world's biggest philanthropists is putting his money where his mouth is.
George Soros has committed $25 million to Allied Climate Partners, a public-private partnership that aims to increase the number of bankable climate projects in emerging markets and developing economies, the New York Times reports.
"The scale of investment needed to drive climate transition and adaptation in Global South economies clearly goes far beyond the capacities of private philanthropic funding," Mark Malloch-Brown, president of Soros Economic Development Fund, said in a statement.
"We are excited about this model which seeks to use catalytic funding to remove barriers, and help kick start the broader systemic shifts the world urgently needs."
Allied Climate Partners will use funds from the SEDF and other philanthropic investors to anchor a number of regional funds in Southeast Asia, Africa, Latin America and the Caribbean, and India with $235 million first-loss junior equity.
These regional funds will in turn seek to raise an additional $600 million in senior equity from multilateral development banks, development finance institutions, and private investors.
"Without this support, many projects and businesses struggle to attract the necessary capital to achieve their climate-related goals," the statement reads.
"Even though 5% of the capital can unlock 95%, this early-stage capital is the hardest
Read the Entire Article
Selected Foundation News
A customized collection of news from foundations from around the Web.
Africa's Green Economy Summit 2025 will be held in Cape Town, South Africa.This year's theme is "Building a climate resilient Africa: Catalyzing investment and innovation in the green and blue...more
Researchers warn that relying on carbon sinks to offset fossil fuel emissions will not halt global warming.Instead, they emphasise the need for a more robust strategy geological net zero.The study...more
The Agriculture Innovation Missions for Climate is a joint initiative between the United States and the United Arab Emirates.Investments in 2024 have surged from $17 billion to $29.2 billion.The...more
COP29 President's High-Level Event on "Forests for Climate, Nature and People: Harnessing Climate Finance for Forests" Co-organized by the COP29 Presidency and the UN Forum on Forests.Event will...more
Building resilient health systems: adapting to climate change.WHO defines climate-resilient and environmentally sustainable healthcare facilities.Vietnam is digitising various parts of its healthcare...more
Secretary Vilsack: "The Biden-Harris Administration has made historic progress in tackling climate change" USDA's Partnerships for Climate-Smart Commodities initiative and the public and private...more
LONGi participated in COP29, advocating for the promotion of energy equity through green innovation.11% of the global population still lives in darkness without electricity.About one-third of the...more
DACS, a leading company in ventilation and climate control systems, reinforces its commitment to improving animal welfare and sustainability in livestock production.DACS combines advanced technology...more
Extreme Hangout is a uniquely diverse, inclusive and dynamic platform at COP29 designed to engage and inspire people to take action to address climate change.FINN is a proud partner of Extreme...more
The Los Angeles Urban Forest Equity Collective is working to address the legacy impacts of policies that led to some neighborhoods having fewer trees and protections from heat.The team worked with...more
Social Entrepreneurship
Spotlight
Green Coworking Space Expands To Serve Denver’s Green Movement
The country’s first green coworking space, Green Spaces, is a hub for green and socially conscious businesses in Denver to work and connect with each other.