Foundation Grants
Community Vital Signs
About Us
George Soros is putting his money where his mouth is in a bid to fight climate change.
The billionaire philanthropist has committed $25 million to Allied Climate Partners, a new fund that aims to increase financing for green projects in developing countries, 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 urgently need innovative blended finance solutions that can operate at scale."
The fund will initially focus on Southeast Asia, Africa, Latin America and the Caribbean, and India, but it hopes to raise $600 million from multilateral development banks, development finance institutions, and private investors before the end of the year.
Allied Climate Partners says that without this support, many projects and businesses struggle to attract the necessary capital to achieve their climate-related goals.
"Without this support, many projects and businesses struggle to attract the necessary capital to achieve their climate-related goals," the firm says.
"Even though 5% of the capital can unlock 95%, this early-stage capital is the hardest to raise for critical activities like technical and environmental assessments, modeling, permitting, and land acquisition," the firm says.
(
Read the Entire Article
Selected Foundation News
A customized collection of news from foundations from around the Web.
Donorbox's comprehensive fundraising platform helps nonprofits grow sustainably and maximize impact.As a trusted fundraising partner, Donorbox provides scalable features, expert guidance, and...more
Booker T.Washington was one of the leading Black intellectuals and philanthropists of the Reconstruction era.Oseola McCarty dropped out of school in the sixth grade to care for her ailing aunt.John...more
February Coffee & Conversation: Saturday, 10:00 amNaperville, IL.Free Chamber Concert presented by Fox Valley Music Consortium: Sunday, 3:00 pm.Partner Yoga: Sunday evening, 5:00pm.Free Ice Cream...more
MedWish Medworks hosted a dental clinic at the Cleveland Juvenile Detention Center.Clinic provided 51 youths with vital dental services, including cleanings, fillings, and extractions.Clinic was...more
Join Stanford Social Innovation Review and the Institute of Philanthropy for this FREE LIVE session to discuss how funders and organizations around the world approach impact measurement today.Lisa...more
PENN STATE THON raises money and awareness for kids with cancer.All the money raised goes to the FOUR DIAMONDS FUND, which helps families and kids with the disease.THon is held every year on the...more
Warwick Valley High School freshman Olive Weaver has been creating art for as long as she can remember.Olive has a genuine interest in art, and she goes that extra mile to learn and grow.Olive Weaver...more
Sustainability Takes Centre Stage in Jungle Book Production.Students have taken on the challenge of crafting costumes for iconic characters such as Mowgli, Bagheera, Baloo, and Shere Khan using...more
RTE's Sinead Kennedy hosted the student awards.Sixth class at Milford National School with their short film Dimension Disturbance won the Outstanding Achievement in Filmmaking Stopmotion award.The...more
RMB 100 Dining Vouchers & More: Make a Day of it at JISE.The first 200 arrivals to the Jingkids booth will get their pick of RMB 100 vouchers to some of The Jing's nicest eateries.There will also be...more
New News from...
DeKalb County Community Foundation
Oregon Community Foundation
Central Indiana Community Foundation
Weingart Foundation
Community Foundation for Southeast Michigan
Community Foundation of Lorain County
San Diego Foundation
Lapeer County Community Foundation
Unity Foundation of La Porte County
Lilly Endowment
Social Entrepreneurship
Spotlight
Together TV, the Channel that Helps You Channel Your Inner Good
Caroline Diehl is a serial social entrepreneur in the impact media space. She is Executive Chair and Founder of the UK’s only charitable and co-operatively owned national broadcast television channel Together TV, the leading broadcaster for social change runs a national TV channel in the UK and digital platform which helps people find inspiration to do good in their lives and communities.