Soros in Baltimore: Lessons From 20 Years of Place-Based Giving

Soros in Baltimore: Lessons From 20 Years of Place-Based Giving

In the 1990s, George Soros set out to make a difference in a single U.S. city. He chose Baltimore, and today, the institute created by his foundation is still going strong, addressing entrenched urban problems. What are some takeaways?

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Closing Urban Divides: Behind a Funding Collaborative's Pivot to Race

Closing Urban Divides: Behind a Funding Collaborative's Pivot to Race

Living Cities spent its formative years channeling money from big firms and foundations to community development projects. Now, to drill deeper on equity, it aims to be a “leading racial economic justice organization.” How is that going?

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To Build Community Wealth, a Grantmaker Gets Behind Employee Ownership in a Big Way

To Build Community Wealth, a Grantmaker Gets Behind Employee Ownership in a Big Way

Amid a growing critique of how U.S. capitalism has concentrated wealth in ever-fewer hands, the Kendeda Fund is looking to move the idea of employee ownership from the margins to the mainstream and democratize the economy.

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Tax Credits Are Spurring Some Big Gifts in Economically Distressed Cities and Towns

Tax Credits Are Spurring Some Big Gifts in Economically Distressed Cities and Towns

The New Markets Tax Credit program, which was enacted in 2000, can be leveraged by nonprofits to motivate big monetary rewards, including state-wide funds and grants from private foundations. Here’s a case study of how that works.

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Filling Critical Gaps, a Foundation Looks to Realize the Promise of Opportunity Zones

Filling Critical Gaps, a Foundation Looks to Realize the Promise of Opportunity Zones

The 2017 tax law included the most important new program to spur urban revitalization in decades. But it’s lacking in transparency and accountability. Kresge has been working to fix that and ensure the law achieves real impact.

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In Boston, a Foundation Sees "Radical Trust" as a Key to Managing Public Places

In Boston, a Foundation Sees "Radical Trust" as a Key to Managing Public Places

Concerns about gentrification are fueling fraught debates over public places at a moment of rising private grantmaking for parks and other civic amenities. The Boston Foundation is looking to expand who’s heard in these conversations.

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With an Eye on the "Most Vulnerable," a Foundation Works to Ensure that a New Law Boosts the Urban Poor

With an Eye on the "Most Vulnerable," a Foundation Works to Ensure that a New Law Boosts the Urban Poor

The Investing in Opportunity Act has the potential to be a game changer for distressed communities. But that promise can only be realized if the act works as intended—a big “if.” Rockefeller is on the case, along with other funders.

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Against Long Odds, a Corporate Funder Doubles Down on a Troubled City

Against Long Odds, a Corporate Funder Doubles Down on a Troubled City

T. Rowe Price, the global asset management firm, has been based in Baltimore since 1937. Lately, its philanthropic arm has been ramping up its giving and taking new, bolder approaches to tackling the city’s many problems.

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Local Efforts to Scale up Impact Investing in Affordable Housing Are Gaining Steam

Local Efforts to Scale up Impact Investing in Affordable Housing Are Gaining Steam

Two top community foundations have recently gotten behind public-private efforts to ease the housing squeeze. And a Seattle nonprofit is crowdfunding affordable housing investments. Can this new wave of local investing move the needle?

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To Crack the Poverty Code, a Big Bet on Data-Driven Interventions to Fuel Upward Mobility

To Crack the Poverty Code, a Big Bet on Data-Driven Interventions to Fuel Upward Mobility

Data is at the center of a project to design city-level economic mobility programs backed by Bloomberg, Gates, and Ballmer. But with ten cities selected and ready to develop their ideas, is this technocratic model likely to achieve lasting impact?

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Corporate Funders Flock to This Community Foundation's Housing Investment Fund

Corporate Funders Flock to This Community Foundation's Housing Investment Fund

More community foundations are getting behind impact investing, often with housing on the agenda. Recently, the Foundation for the Carolinas has attracted major corporate backing with a fund designed to boost affordable housing in the region.

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Who’s Making Grants to Help Opportunity Zones Realize Their Promise?

Who’s Making Grants to Help Opportunity Zones Realize Their Promise?

The 2017 tax law created more than 8,700 zones around the U.S. with the goal of attracting new investment to poor areas. Now, funders like Mastercard and Rockefeller are stepping up to help communities get capital flowing.

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Chasing Financial Health: A Top Bank's Latest Investment in Underserved Communities

Chasing Financial Health: A Top Bank's Latest Investment in Underserved Communities

The lack of savings in underserved communities leaves vulnerable populations ill equipped to weather unexpected emergencies and achieve financial security. JPMorgan Chase recently unveiled a new $125 million effort to address this problem.

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From a Tech Billionaire Couple, Millions to Find the Best Solutions to Homelessness

From a Tech Billionaire Couple, Millions to Find the Best Solutions to Homelessness

Putting $30 million into homelessness research won’t get people housed immediately. But with California poised for bolder action on this crisis, Marc and Lynne Benioff are looking to ensure that resources go to evidence-based solutions that will work.

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Close to Home: A Bank with Local Ties Zeroes in on a Distressed Neighborhood

Close to Home: A Bank with Local Ties Zeroes in on a Distressed Neighborhood

Atlanta has the highest level of income inequality of any city in America, with nearly half of residents in its Westside area living in poverty. The SunTrust Foundation is part of a new collaboration that’s coming together to try to turn things around.

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"All of the Tools in Our Tool Belt." A Community Foundation Steps Up its Impact Investing

"All of the Tools in Our Tool Belt." A Community Foundation Steps Up its Impact Investing

The momentum behind impact investing is being further fueled by a growing sense of urgency among funders up against large-scale equity challenges in top metro areas. The San Francisco Foundation is the latest funder looking to bring more cash to the fight.

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How a Project in Boston is Mixing Philanthropy and Investments to Reimagine Capitalism

How a Project in Boston is Mixing Philanthropy and Investments to Reimagine Capitalism

What would a new economy that works for everyone look like? And how do you create it? The Boston Ujima Project thinks it has some answers, building a place-based investment fund that is democratically controlled by community members .

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He Was a Young Hedge Funder with a Lucrative Job. Now He’s Working to Scale Access to Healthy Food

He Was a Young Hedge Funder with a Lucrative Job. Now He’s Working to Scale Access to Healthy Food

At the age of 30, Sam Polk walked away from a highly paid trading job to enter the social change arena. With help from the Kellogg Foundation and other backers, he’s building a social enterprise that’s focused on food equity and has big ambitions.

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Advocacy and More: Philanthropy’s Role in Two Big New Initiatives to Tackle the Housing Crisis

Advocacy and More: Philanthropy’s Role in Two Big New Initiatives to Tackle the Housing Crisis

Philanthropy is a small but important part of major projects in Seattle and the Bay Area aimed at ensuring more affordable housing and providing aid to the homeless. Where can grant dollars have the most impact in taking on these daunting challenges?

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