Foundation Grants
Community Vital Signs
About Us
Building Healthier Communities: Inside Rwjf'S Impact Investment Strategy
Foundation: Johnson Foundation, Robert Wood Johnson Foundation
The Robert Wood Johnson Foundation is putting its money where its mouth is, investing $50 million to help communities of color get out of poverty, the New York Times reports.
Zoila Jennings, the foundation's impact investment officer, says the money is going to small businesses, affordable housing, and community banks that help communities of color get out of poverty.
"We're investing in communities of color that have historically been under-served by the financial system," she says.
"We're investing in communities of color that have historically been under-served by the financial system."
The money is being doled out as the foundation works to "democratize the financial system for communities of color," according to a press release.
Jennings says she wants to "democratize the financial system for communities of color," and that's not just about putting money in people's pocketsit's about changing the financial system itself.
She tells the Times that banks are "highly regulated, and it does limit what they can do in terms of flexible financing," so the Robert Wood Johnson Foundation is a " systems-level investor" that doesn't focus on one specific area.
"On the community development side, I say, where is the capital now
Read the Entire Article
Selected Foundation News
A customized collection of news from foundations from around the Web.
If you're looking for the perfect gift for your significant other this holiday season, we've got the perfect one for you: A one-of-a-kind, life-size Nativity scene complete with Santa Claus and his...more
If you're looking for a safe way to invest in the world's burgeoning "green" debt market, National Bank of Canada has just the thing: green bonds. The bank is offering investors a chance to take...more
Asset manager Nuveen says it has raised $157 million for a new fund that aims to make a positive impact on the world, the Guardian reports. The fund, called the Nuveen Climate and Social Credit...more
Britain's newly elected Labour government is looking to the financial world for help dealing with the country's housing crisis, the Guardian reports. According to the Telegraph, affordable...more
The Blue Revolution Fund has wrapped up its $93 million round of investments, and it's putting its money where its mouth is. The fund, a collaboration between the Nature Conservancy and Hatch...more
"Women innovators and researchers are often disenfranchised from accessing funds for their research and innovations, and in most cases, they do not have the opportunities that are available on the...more
The Blue Revolution Fund has closed its $93 million round of funding, which will allow it to invest in more than a dozen early-stage aquaculture ventures that aim to improve ocean health, address...more
"As the world faces mounting social, economic, and environmental challenges, the Manifesto offers a vision for how rural communities can thrive through social innovation and enterprise." That's...more
The University of Utah is taking a page from Stanford, Baylor, and Kansas State's playbooks in creating a new speaker series designed to bring "national thought leaders, distinguished scholars, and...more
When ISTKushal Arora first started out as a 23-year-old in New Delhi, he didn't have much. He didn't have a job, didn't have a bank account, and didn't have a lot of friends. He didn't have a...more
Social Entrepreneurship
Spotlight
New Age of Philanthropy: #GivingTuesday
A part of a series produced by The Huffington Post in celebration of #GivingTuesday, which will take place this year on December 3, Kathy Calvin and Henry Timms vouch that we are living in a new era of philanthropy.