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"Some problems cannot be solved by grants of the size that foundations typically provide," John Palfrey, president of the Chicago-based MacArthur Foundation, says in a press release.
"By funding at a level far above what is typical in philanthropy, 100&Change addresses problems and supports solutions that are radically different in scale, scope, and complexity."
The foundation is now accepting applications for its third round of the $100 million competition, which is open to organizations and collaborations working in any field, anywhere in the world.
"We wanted to hear how they would solve a critical problem of our time," Palfrey says.
"As we begin this third round of the competition, we are excited to see where the next group of applicants will lead us and how they will bring about change in a lasting and meaningful way."
In the first two rounds of the competition, the foundation awarded $100 million each to Sesame Workshop and the International Rescue Committee to help educate Syrian children displaced by war.
Previous winners have included the Ahlan Simsim program, which reaches 27 million children in the Middle East and North Africa, the press release says.
In the second round, $100 million was awarded to Community Solutions to end homelessness in 75 US communities in five years.
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Selected Foundation News
A customized collection of news from foundations from around the Web.
Foundation: Foundation for Appalachian Ohio
A $5 million gift to the Foundation for Appalachian Ohio will fund scholarships, fellowships, research, and innovation in the areas of conservation and environmental stewardship. The gift from...more
The Ark River Valley+ Fund, a new fund from the Chaffee County Community Foundation, is offering up to $10,000 in funding for projects "that seek to improve inclusivity, enhance access to services,...more
Foundation: Moore Foundation, Claude Moore Charitable Foundation
For more than 30 years, the Claude Moore Charitable Foundation has funded organizations that help people get to a place where they can have a job, support a family, and become financially...more
Foundation: National Philanthropic Trust, Schwab Charitable
It's that time of year again: time to start thinking about what you're going to do with the money you've saved up for retirement and how you're going to use it for charity. If you're not sure...more
There's a new way to invest in the world of real estate, and it doesn't involve flipping buildings. Instead, investors are investing in "social infrastructure," or real estate that provides...more
The government of Ghana has taken a big step toward solving one of the world's most persistent problems: poverty. The West African country has set a goal of eradicating extreme poverty by the...more
An Italian family is selling most of its stake in an industrial waste disposal company to a private equity fund, in a deal that's being hailed as a sign of the country's shift to a circular...more
The Fred Hollows Foundation is looking for someone to help it "break through barriers to eye health with innovative, bold and creative solutions" in 25 countries in Africa, South Asia, and the...more
An Atlanta-area gas company is putting its money where its mouth is. Gas South has selected six nonprofit organizations as finalists for its second annual Impact Investment Award, in which the...more
In Somalia, nearly 99% of women between the ages of 18 and 49 have undergone female genital mutilation, or FGM, according to the UN. Now, the UN Population Fund (UNFPA) is looking for young...more
New News from...
National Philanthropic Trust
Schwab Charitable
Community Foundation of Sarasota County
Ball Brothers Foundation
Ottawa County Community Foundation
El Pomar Foundation
Outer Banks Community Foundation
El Paso Community Foundation
Cattaraugus Region Community Foundation
Community Foundation for Southeast Michigan
Social Entrepreneurship
Spotlight
New Solar Energy Harvesting System Creates Buzz
It’s not just the aesthetic shape that’s creating hype; it’s also the reason why it’s designed to capture both sunlight and moonlight. Designed by Rawlemon German architect, André Broessel, this new solar energy harvesting system is 35 percent more efficient than conventional dual-axis photovoltaic designs.