The Ford Foundation has been working to close the racial wealth gap for over two decades, a gap much in the news these days, and one part of that effort has been to help “unbanked” low-income people escape from the shady world of payday lending and worse, and access the financial services that middle-class people take for granted. To that end, Ford recently gave $1 million dollars to the Center for Financial Services Innovation (CFSI) to continue its work on building financial tools for the underserved.
LGBT seniors in Philadelphia now have a new housing option in the “Gayborhood,” the nickname for the neighborhood where the William Way Residence opened. The 56-unit housing development, funded by the Dr. Magnus Hirshfeld Fund, is a haven for elderly LGBT folks who need affordable housing.
Grief is one of the most difficult emotions for adults to work through. For children, the process can be even more confusing and overwhelming, with lifetime consequences if feelings are not acknowledged and resolved. The New York Life Foundation is one of the few donors thinking about this issue, and recently made a $1.4 million investment in work in this area. While this is definitely a niche funding area, it’s also a wise way to prevent later difficulties for children who’ve lost somebody important.
I’m waiting for the day when organizations are paying to be on my google search results page. Meanwhile, Diane Ravitch already has Teach for America as a parasite for her search results. While in some ways it’s a tribute to the strength of Ravitch’s voice in the education reform debate, it’s also kind of creepy. For people who don’t notice the difference between ads and search results — like kids trying to educate themselves, for example — it could be very misleading and confusing.
Whole Foods, sometimes better known as Whole Paycheck thanks to the bite of its high prices, likes to think of itself as a responsible corporation with a particular interest in healthy eating. Through one of their foundations, the Whole Kids Foundation, they are helping to address better eating in schools in several significant ways—by funding school gardens and school salad bars, and by providing nutritional education to teachers.
Today is Giving Tuesday, and while you may not know what Bitcoin is or how to use it for philanthropy, that may well change by the time that next year’s Giving Tuesday rolls around.
If, ten years ago, someone told you that a Bangladeshi bank would be coming to the U.S. to specialize in giving loans to women below the poverty line, would you have believed them? Probably not. But that’s what is happening as Grameen America, the U.S. version of Nobel Prize winner Muhammad Yunus’s Grameen Bank, expands its operatons. Most notably, it’s rolling out 13 new branches in LA County.