Even as Opportunity Zones draw fire as a giveaway to wealthy investors, more nonprofits, foundations and local governments are backing efforts to make the new law work. A case in point is an ambitious statewide initiative in Alabama.
A new law to incentivize investments in poor communities is drawing fire as a giveaway to the rich. But despite its flaws, the act has the potential to do real good. Here’s a roadmap for what philanthropy can do to ensure that happens.
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.
Amid a growing sense of crisis, more funders are working to reduce homelessness and bring down housing costs. Here’s a rundown of who’s doing what, drawing on years of IP reporting on a fast-changing funding landscape.
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.
A rare opportunity to conserve a large swath of land led the Doris Duke Charitable Foundation to make a large and unusual program-related investment. But the sustainable forestry model behind this move is not without its critics.
Achieving the U.N.’s ambitious Sustainable Development Goals requires unlocking vast amounts of private capital. MacArthur and two other funders have a plan to do exactly that—and take impact investing to a whole new level.