Why is the New York Life Foundation Investing in Young Entrepreneurs? – Inside Philanthropy: Fundraising Intelligence

The latest news of big foundation funding to create tomorrow’s workforce comes from Virtual Enterprises International (VEI), which is starting a VE Junior Ventures Career Academy for middle schoolers to immerse them in hands-on entrepreneurial and work-based learning experiences. The funding for this expanding effort will come from the New York Life Foundation, which will invest $1 million over four years to support the Academy.

We’ve featured the New York Life Foundation’s work before, particularly its massive support for childhood bereavement—helping children navigate the difficult terrain of loss and the accompanying emotional adjustments. With this new grant, the foundation is more focused on youth educational enhancement rather than emotional support, and this time it is filling a critical niche in the path of young people into productive careers.

via Why is the New York Life Foundation Investing in Young Entrepreneurs? – Inside Philanthropy: Fundraising Intelligence – Inside Philanthropy.

What’s J.K. Rowling Doing to Help Vulnerable Kids Avoid Institutional Care? – Inside Philanthropy: Fundraising Intelligence

It appears that Harry Potter books bring the power of “Lumos” to the world in more ways than one. While research suggests that young people who read the Harry Potter books are more tolerant and compassionate, and while the books have sprouted a millennial-style fandom nonprofit called the Harry Potter Alliance, the greatest contribution to human progress may be coming directly from the author, J.K. Rowling, and her profound understanding of the disservice that institutionalization does to children—and how we need to move away from it as a model to address emotional, behavioral, and social problems.

Rowling recently came to New York to announce the start of Lumos USA, the new U.S.-based outpost of the nonprofit she founded in 2005. The goal of Lumos is to redirect the care of disadvantaged children away from group homes and orphanages, and find more ways to support them, and their families, in the community. Its target is the 8 million children worldwide who are cared for in institutions.

via What’s J.K. Rowling Doing to Help Vulnerable Kids Avoid Institutional Care? – Inside Philanthropy: Fundraising Intelligence – Inside Philanthropy.

What’s this National Collaborative Doing to Enhance Workforce Development? – Workforce Grants – Inside Philanthropy

Since the Great Recession, a slew of new workforce development efforts have launched all across the country, but how much do the different programs know about each other, and how can proven strategies be effectively replicated?

The National Fund for Workforce Solutions is on the case. This Boston-based fund is a group with a long list of big-name foundations working to improve career advancement for low-wage workers. By engaging employers in more than 30 communities across the U.S., the National Fund develops employer-led industry partnerships that guide educational and training investments. This is the kind of employer-employee matching that makes for strong, long-term employment prospects, and a more stable economy for the region.

via What’s this National Collaborative Doing to Enhance Workforce Development? – Workforce | Labor | Grants – Inside Philanthropy.

Hey, Kid: Want to Build Cars When You Grow Up? Another Push for Manufacturing Skills  – Inside Philanthropy: Fundraising Intelligence

Honda is best known as a car maker, but it also has a charitable foundation that is doing some interesting things to drive the American economy in the right direction, as we’ve been reporting lately.

A case in point: Honda recently announced a new, $1 million investment in Ohio-based workforce development for an innovative program called EPIC, which will focus on creating more interest in manufacturing careers and bolstering education and training for the high-tech manufacturing jobs of the future.

Before saying more about this grant, let’s just pause to note the irony: A Japanese car company that famously helped bury Detroit, once the core of American industrial know-how, wants to revive the kind of skilled U.S. workforce that ended up with pink slips in an earlier era as foreign cars filled the roads.

via Hey, Kid: Want to Build Cars When You Grow Up? Another Push for Manufacturing Skills  – Inside Philanthropy: Fundraising Intelligence – Inside Philanthropy.

What’s So Interesting About Atlantic’s Huge Health Care Give – Inside Philanthropy: Fundraising Intelligence

It’s a fascinating time in health care philanthropy, as funders ramp up a sprawling and ambitious push to improve the most dysfunctional health care system in the world.

Over the past year, we’ve covered the pivot of top health care funders away from a historic battle to expand access—now largely won with implementation of Obamacare—to an even tougher challenge: reining in costs while improving care and, more daunting still, boosting the overall health of Americans.

via What’s So Interesting About Atlantic’s Huge Health Care Give – Inside Philanthropy: Fundraising Intelligence – Inside Philanthropy.

What’s Sam’s Club Doing for Workforce Development? – Workforce | Labor | Grants – Inside Philanthropy

It’s a win-win. Retail suppliers like Sam’s Club that invest in small business development are not only helping the economy, they are creating more customers for themselves. With $700,000 in gift cards and training, Sam’s Club is working this double win by sponsoring a contest for a second year to build and mentor small businesses.

Sam’s Club recently announced 102 winners of the American Small Business Championship. With two winners in every state and the District of Columbia, these businesses will receive a $1,000 Sam’s Club gift card, an all-expenses-paid trip to a training event, SCORE mentoring for one year, and promotion throughout the year to showcase each Champion’s story.

via What’s Sam’s Club Doing for Workforce Development? – Workforce | Labor | Grants – Inside Philanthropy.

Why is the Blackstone Foundation Funding Social Enterprise in Rhode Island? – Workforce Development – Inside Philanthropy

Memo to development officers: It’s always good to have a U.S. Senator in your corner. Case in point: $200,000 in funding for two nonprofits in Rhode Island doing workforce development.

Through the Blackstone Foundation’s Innovation Grants Initiative, the Founders League and the Social Enterprise Greenhouse (SEG) were selected to receive funding to support startups located in Rhode Island. Blackstone gave out $3 million in gifts this year to organizations around the country doing work to improve local economies and support business activity. Now in its third year, the Blackstone Innovation Grants program is a big piece of the foundation’s commitment to fostering entrepreneurship in the U.S. and abroad.

via Why is the Blackstone Foundation Funding Social Enterprise in Rhode Island? – Workforce | Labor | Grants – Inside Philanthropy.