Hedge fund Quadrature Capital is developing a foundation that will funnel $100 million per year into issues involving climate change and biodiversity. "Philanthropic giving to environmental causes remains extremely low despite the urgent need to address climate change and biodiversity loss," says co-founder Greg Skinner.
Crisis Text Line, Eastern Health and 18 other nonprofits and social enterprises will receive a combined $25 million as part of Google.org's Google AI Impact Challenge to help social organizations access machine learning and artificial intelligence for good. "I think it really speaks to the fact that the sector is really hungry and really would like to apply these important techniques and technologies but just really didn't have the resources and the expertise to do so," Google.org President Jacquelline Fuller says.
Adventure playgrounds such as the 50,000-square-foot The Yard on Governors Island in New York Harbor may look more like junkyards than traditional playgrounds, but they're safe, economical and a fun place for kids, says play:groundNYC Executive Director Rebecca Faulkner, whose nonprofit oversees the venture. "We'll be lobbying that some of those new playgrounds should be adventure playgrounds, which are cheap to build and safe to play in," she says.
The Pittsburgh Foundation's #ONEDAY Critical Needs Alert raised $1.67 million on Tuesday, benefiting about 190 nonprofits that offer food, housing and child care services for low-income people in the Pittsburgh area. "Donations like these are especially important now, when we see 30 percent of our neighbors facing poverty due to low-wage jobs, medical crises or rising housing costs," says foundation President and CEO Maxwell King.
Checklists of leadership qualities ignore that context is often what determines which behaviors, tactics or traits will serve best, writes Sean Hanrahan. "By seeing these conflicts and understanding when to adjust their approach a leader can be the person the team needs in almost any situation," he writes.
Three parents founded A New PATH 20 years ago to change aspects of California's justice system that landed people with substance-abuse disorders in jail, where they were exposed to negative influences and the stigma of criminal charges. The organization advocated for Proposition 36 and 47, which help offenders get treatment and reduce drug-possession charges.
Dallas residents should celebrate the Salvation Army's plan to build a 20-acre, $95 million campus for homeless services, as it puts the city on a path to tackle a serious local issue, writes the editorial board of The Dallas Morning News. "The project could add impetus to the economic redevelopment of the surrounding neighborhood," the board writes.
Volunteers and other individuals working diligently for the nonprofit sector simply because they support a cause are an asset, but it isn't enough to ensure the success of organizations, writes Janell Ray, CEO of The Pallottine Foundation of Buckhannon, W.Va. The organization is hoping to help nonprofits in the counties it serves thrive with a new round of grants known as Capacity Building Grants.
Raffa Wealth Management shares the results of its most recent study on how nonprofits invest their reserves and how these investments perform. Join us to learn whether your investment policies are "normal" and whether your investment performance is in line with similar organizations. Sign up now. It's Wednesday, May 29, 2:00-3:00 p.m. EDT.
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