We’ve been closely watching the NoVo Foundation lately for two very good reasons: First, its assets and giving have been surging in recent years, thanks to an influx of Berkshire Hathaway stock from Warren Buffet (and the soaring value of that stock, which also comprises the bulk of NoVo’s endowment). And second, the foundation has emerged as the top funder working to address the structural inequities faced by young women and girls of color in the U.S., an area long neglected by philanthropy. What’s more, it’s forged an unusual path in that work, seeking to really engage with the people it hopes to see move upward.
Source: “Now Is Our Chance.” Behind NoVo’s New Big Bet on Girls and Women of Color – Inside Philanthropy – Inside Philanthropy
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