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.
Inside Philanthropy’s David Callahan speaking truth to money in The New York Times:
This power shift is part of a larger story about rising inequality and shrinking democracy. One reason the wealthy are flush with cash is that they’ve paid historically low taxes in recent decades, which helps explain why government can’t afford to do big things. A small step toward rebalancing things would be to tax capital gains — the source of much of the wealth of the superrich — at the same rate as regular income, and then dedicate most of that money to rebuilding our eroding infrastructure.
As for ensuring that all New Yorkers have equal access to good public parks, we should require private parks conservancies to chip in to rehabilitate parks in low-income parts of the city, just as developers are expected to help finance affordable housing. If we want even the semblance of equity in civic spaces, new ways must be found to pay for it.
Lots of great reporting here.
Kauffman, like many foundations of the mid-20th century, was founded by a ROWG (in texting slang, that’s Rich Old White Guy). Ewing Marion Kauffman was a small pharmaceuticals manufacturer who hit the big time. He started developing his Marion Laboratories in his basement, and went on to grow his initial $5,000 investment into a merger with Merrell Dow Pharmaceuticals in 1989, with estimated revenues of $930 million.
From the Pawtuxet Village Farmer’s Market:
Tomorrow is the final day of our outdoor season; come say goodbye and go home with some delicious food from our farmers for your holiday table.
We will be holding our raffle drawing as well; tickets will be for sale until 11:30, so there’s still time. If you haven’t had a chance to buy tickets, but still want to support our Bonus Bucks program, you can send a check for your donation to the Pawtuxet Village Farmer’s Market, 253 Norwood Ave, Cranston RI 02905. The market is now operating under the auspices of the West Bay Land Trust, a 501 (c) (3) non-profit, so your contribution is tax deductible.
Our winter market will commence in January. Please sign up at the Market Welcome table, or send an e-mail to this address with Winter Market in the subject line. We will continue to make announcements to this list as well.
Thank you all for a wonderful year; our little market is growing up, and all of you have contributed to that growth through your support for our unique community.
See you at the market.
Lockheed Martin is a very big defense contractor with a very small customer base, primarily the U.S. government. The company famously cares about what happens in Washington, D.C., judging by the vast fortune they’ve spent on lobbying in recent decades.