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.

A Credit Union Foundation with a Big Heart for Housing – Housing – Inside Philanthropy

Member-funded credit unions have a strong capacity to positively impact the community, not only in providing lower cost financial services, but also in providing funding for programs that respond to community needs. An example of a state credit union that is pushing the boundaries of impact in housing: the State Employees’ Credit Union (SECU) Foundation of North Carolina, which recently announced a new investment of $10 million over a three-year period to build or renovate a home in every one of the state’s 100 counties.

via A Credit Union Foundation with a Big Heart for Housing – Housing – 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.

What Are Prize-Linked Savings Accounts? And Why’s Kellogg So Keen on Them?  – Inside Philanthropy: Fundraising Intelligence

As the U.S. economy continues to recover from the Great Recession, funders are looking for ways to support good financial habits like saving money. One interesting effort along these lines is the Kellogg Foundation’s multi-year investment in prize-linked savings accounts through D2D.

via What Are Prize-Linked Savings Accounts? And Why’s Kellogg So Keen on Them?  – 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.

As the Odds Improve, MacArthur and Other Funders Step Up Fight for Criminal Justice Reform – Inside Philanthropy

Criminal justice is one of those areas where funders have been banging their head against a wall for years—working against harsh practices that defy social science research, not to mention common sense.

Now, that blood-stained wall is finally starting to crack, as policy leaders and the public alike wake up to the negative consequences of embroiling so many Americans in the criminal justice system. With the wind finally blowing in the right direction, some foundations are stepping up efforts to make change.

via As the Odds Improve, MacArthur and Other Funders Step Up Fight for Criminal Justice Reform – Inside Philanthropy: Fundraising Intelligence – Inside Philanthropy.