Filling a Gap: This Billionaire Couple Steps Up for Early Childhood As Federal Cuts Loom – Inside Philanthropy: Fundraising Intelligence

Sam Zell is a Chicago businessman with a fortune of nearly $5 billion. His wife Helen is a philanthropist with wide interests and liberal views. The couple has been stepping up their giving, and we watch them closely, although we’re often struck by the inscrutability of the Zell Family Foundation’s giving, and always on the lookout for clues as to where the Zells’ philanthropy is going.

via Filling a Gap: This Billionaire Couple Steps Up for Early Childhood As Federal Cuts Loom – Inside Philanthropy: Fundraising Intelligence – Inside Philanthropy.

Why is Capital One Funding Workforce Development in Health Care? – Workforce | Labor | Grants – Inside Philanthropy

The Bronx is a tough part of New York. More than 30 percent of Bronx residents live below the federal poverty line and unemployment is well above the national average, especially for young people of color. That’s why it’s so important that funders like Capital One Foundation are investing in workforce training, to help people get on the first rung of the employment ladder in health care.

via Why is Capital One Funding Workforce Development in Health Care? – Workforce | Labor | Grants – Inside Philanthropy.

A Canadian Bank That Supports U.S. Housing Projects for Low-Income Families – Housing – Inside Philanthropy

The Canadian lender TD Bank was one of the good guys during the housing boom. It didn’t gorge itself on subprime loans and end up in the crosshairs of government investigators. The bank prides itself on being a responsible company, and puts out an impressive corporate responsibility report discussing its work. Among other things, its philanthropic arm, the TD Charitable Foundation, funds in the housing sector, giving away $2.5 million a year in a competitive grant award program called “Housing for Everyone.”

via A Canadian Bank That Supports U.S. Housing Projects for Low-Income Families – Housing – Inside Philanthropy.

NEXT Awards Are One Way Funders Move Capital To Underserved Communities – Assets | Financial Inclusion | Grants – Inside Philanthropy

If you are a nonprofit that focuses on housing, should you apply for CDFI money? It’s probably a good idea to look into it. Funding from CDFIs has increased since 2008, and appears to be a growing trend.

NEXT Awards Are One Way Funders Move Capital To Underserved Communities – Assets | Financial Inclusion | Grants – Inside Philanthropy.

How Banks Kill the American Dream and Risk Economic Nuclear Meltdown

How do you kill the American dream? One way is to finance people in over their heads, in essence creating debtors out of hard-working people who, in a more sane economy, would be accruing assets. It appears we are ready to go down the path of deregulation again all too quickly. From the New York Times:

“Financial deregulation is similar to relaxing rules on nuclear power plants,” argue Anton Korinek of Johns Hopkins University and Jonathan Kreamer of the University of Maryland in a related working paper for the Bank for International Settlements. It makes it easier and more profitable for the utilities, their shareholders and executives. It might also help ordinary Americans get cheaper electricity. “However, it comes at a heightened risk of nuclear meltdowns that impose massive negative externalities on the rest of society.”

Read more at More Renters, Less Risk for Wall St. – NYTimes.com.

And, for a first-hand account of what it feels like to be ripped off by an unscrupulous bank: http://www.rifuture.org/the-mortgage-debt-crisis-murders-the-american-dream.html

What Did This Scholar Learn From His Deep Dive Into the World of Billionaires? – Inside Philanthropy: Fundraising Intelligence – Inside Philanthropy

We write about billionaires and their philanthropy almost every day here at IP, and so we’ve been intrigued by Darrell West’s new book, Billionaires: Reflections on the Upper Crust.

via What Did This Scholar Learn From His Deep Dive Into the World of Billionaires? – Inside Philanthropy: Fundraising Intelligence – Inside Philanthropy.