The Arnold Foundation is Betting Big On Pay for Success – Inside Philanthropy: Fundraising Intelligence

It’s hard to think of a funder that is more obsessed with finding breakthrough solutions than the Laura and John Arnold Foundation. One day, it’s laying out big bucks to find alternatives to expensive college textbooks, and the next day, it’s forging a left-right coalition to reform criminal justice policies.

Its big move last week? Pumping $8.4 million into a major initiative at the Urban Institute to advance Pay for Success (PFS), which aims to reward successful programs in the social sector. The investment will pay for a variety of technical resources aimed at bolstering and evaluating PFS projects, with an eye toward upping the game of all the players involved in PFS: government, service providers, evaluators, and funders. Tools developed by the Urban Institute will help to structure deals, determine which projects are most effective and cost-efficient, and set benchmarks for success.

via The Arnold Foundation is Betting Big On Pay for Success – Inside Philanthropy: Fundraising Intelligence – Inside Philanthropy.

Capital One is Funding Digital Skills. Here’s Why. — Inside Philanthropy

If your boss told you to tweet something for her, would you know what to do? How about if she asked you to help with the company’s website or database management?

If you don’t have these skills at the ready, you’re not alone. Now, Capital One, along with the Obama administration, is launching a new effort to get more workers prepared for the challenges of a digitally-intensive labor market.

While many job sectors took a big hit in the Great Recession, one area where growth consistently rises is jobs requiring digital skills. So you can see why Capital One is homing in on this area as it pushes into workforce development—one of several big banks now focusing big philanthropic dollars on helping bridge the divide between employer needs and the current population of job-seekers.

via Another Bank Is Giving Big to Boost Worker Skills. Here’s Why. – Inside Philanthropy: Fundraising Intelligence – Inside Philanthropy.

The Mizuho Foundation Pitches in for Effort to Remove Financial Barriers to Re-entry – Assets | Financial Inclusion | Grants – Inside Philanthropy

For my friends and colleagues who work in corrections and re-entry, I bet many of you can bear witness to how valuable this work is. If we can help individuals get on their feet financially when they get out of prison, they are much less likely to make return visits. Here’s one funder that totally gets it: The Mizuho Foundation.

It’s not easy getting back on your feet when you’re released from prison. Many detainees leave the big house with little more than a few dollars and a bus pass, returning to deal with unpaid bills and unreviewed accounts, and often no real income potential in the future.

The Mizuho USA Foundation appears is wading into these difficult waters. Among other programs, Mizuho is the major funder of the New Ground Initiative. Currently finishing its second year of implementation, this initiative has supported 10 organizations and 20 programs that are practicing financial development strategies, reaching over 4,800 individuals to help remove financial barriers to successful re-entry.

via The Mizuho Foundation Pitches in for Effort to Remove Financial Barriers to Re-entry – Assets | Financial Inclusion | Grants – Inside Philanthropy.

A Reformed Peddler of Cigarettes Coughs Up $5 Million to Make the Next Gen Tobacco Free – Inside Philanthropy: Fundraising Intelligence

Last year, CVS made a landmark commitment to end sales of cigarette and other tobacco products at its more than 7,800 retail stores. CVS was the first national pharmacy chain to do so, so that was a big deal.

Apparently, though, the company feels guilty for all the years that it did sell cigarettes. After all, what the heck was a pharmacy doing selling products that can kill people?

via A Reformed Peddler of Cigarettes Coughs Up $5 Million to Make the Next Gen Tobacco Free – Inside Philanthropy: Fundraising Intelligence – Inside Philanthropy.

Memo to Funders: Fight Exclusionary Zoning to Make Headway Against Inequality – Inside Philanthropy: Fundraising Intelligence

Hell, yes, the rent is too damn high, higher than ever in fact. The reasons why are myriad: a shortage of rental properties, millions of families de-homed in the financial crash, and lending restrictions that have been tightened up in the process of financial recovery. The building sector is still recovering from the crash as well, so new housing hasn’t been added at the same pace as before the Great Recession. Meanwhile, family income, when adjusted for inflation is below what it was in 1989.

via Memo to Funders: Fight Exclusionary Zoning to Make Headway Against Inequality – Inside Philanthropy: Fundraising Intelligence – Inside Philanthropy.

New Ideas, New Funders: Has the Asset Building Movement Finally Arrived? – Inside Philanthropy: Fundraising Intelligence

Recently we talked with Bob Friedman about the early days of the asset building movement and how this work drew in funders. Here, in our second article based on that conversation, we hear his thoughts on where the movement is today and where it may be going.

via New Ideas, New Funders: Has the Asset Building Movement Finally Arrived? – Inside Philanthropy: Fundraising Intelligence – Inside Philanthropy.

The Funders Who Can Claim Some Credit for the Massive Uptick in ACA Enrollment – Inside Philanthropy

Back in the spring of 2013, when plans for the first enrollment period for ACA were underway, funders were skittish about the public knowing of their support for enrollment efforts, fearing negative backlash from conservative critics. Now, with the White House’s recent announcement that 11.4 million Americans have successfully signed up for Obamacare, funders are more openly acknowledging their support for enrollment efforts.

via The Funders Who Can Claim Some Credit for the Massive Uptick in ACA Enrollment – Inside Philanthropy: Fundraising Intelligence – Inside Philanthropy.