Walmart’s goal in funding a new $100 million initiative is to make training and advancement more accessible to low-wage, unskilled, and uneducated workers—and maybe even get them on a path to the middle class.
From the Whitehouse Press Office:
Washington, DC – Today President Obama released his budget proposal for fiscal year 2016. U.S. Senator Sheldon Whitehouse (D-RI), a member of the Senate Budget Committee, released the statement below applauding the President’s proposal:
“The President’s budget would take significant steps toward a fairer tax system while also making major investments in our nation’s transportation infrastructure. This is particularly important in Rhode Island, where we have some of the oldest roads and bridges in America and where new construction projects could provide badly needed jobs. I’m also glad to see that the proposed budget would implement several policies I’ve been fighting for in the Senate, including the Buffett Rule for tax fairness and an Automatic IRA program to help millions of Americans save for retirement. From tax credits for working families to paid sick leave, the President’s budget includes many bold proposals to help middle-class families succeed. I look forward to debating the details of these and other provisions in the Budget Committee in the weeks ahead.”
When you are one, you have only just learned to speak. You move about clumsily and knock things down a lot. You don’t yet know what is possible, but you are burgeoning with life.
Here in Rhode Island, the issue of hedge fund investing of pension dollars has been a source of much conflict and concern. Hopefully with so many financial experts now leading our state government (Tom Sgouros, Seth Magaziner, Gina Raimondo, I’m talking to you!) we can make sure that public pension dollars in Rhode Island are invested wisely.
A rising tide lifts all boats, and a recent study shows that as the economy improves, disabled people are enjoying a bump in their employment numbers. The Kessler Foundation wants to jump on that positive wave and ride it for all it’s worth. By expanding training and employment initiatives, the foundation is looking to fund nonprofit disability organizations who want to take their strategy to the next level with more and better ways to hook disabled people up with jobs.
Bloomberg Philanthropies made our list of most interesting foundations in 2014 because of its wide range of huge gifts, signaling ways the foundation may be forging new giving paths in Michael Bloomberg’s first year outside of the mayor’s office. But there’s one interesting initiative at BP we haven’t talked about much, one that’s been getting big funding and spreading to new areas: Bloomberg’s Innovation Teams.
This initiative is mainly associated with Mike Bloomberg’s wonky obsession with making government more efficient. But it also offers insights into how one of America’s top funders aims to foster economic growth and job creation in U.S. cities, a challenge which has cofounded many foundations and yet is attracting new energy amid a growing focus on urban renewal.
The Robert R. McCormick Foundation is one funder that’s very attuned to young people’s interests in journalism and, as part of its larger grantmaking in this area, has often supported efforts to nurture that interest. Earlier this fall, for example, the foundation renewed its support of Free Spirit Media in Chicago with a two-year grant of $300,000 to expand its youth journalism program. The foundation also made grants to the True Star Foundation and the Community Television Network to support youth journalism.