Tag Archives: pnd

NinetyToZero coalition launched to address racial wealth gap

To help transform an economic paradigm that has led to a 90-percent racial wealth gap between white and Black Americans, the NinetyToZero initiative will provide a roadmap for companies and organizations looking to recruit, hire, develop, and support Black talent and improve access to capital and investment in Black-owned and -led businesses….

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Raytheon commits $500 million for social impact initiative

The Connect Up initiative will leverage philanthropic capital, public/private partnerships, and employee volunteerism to advance equitable opportunities in STEM education, career development, and community well-being, with a focus on communities of color….

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McKnight Foundation awards $17.9 million in Q1 grants

The grants include a total of $5.4 million in support of the inaugural cohort of the foundation’s Vibrant & Equitable Communities program, which provides support to partners committed to achieving more equitable outcomes with and for Black, Indigenous, and people of color communities in the state….

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Lilly Endowment awards $93 million to address poverty in Indianapolis

Awarded through the Enhancing Opportunity in Indianapolis initiative, grants ranging from $180,000 to more than $8 million will enable organizations to implement new or expand existing strategies, programs, and services focused on helping residents of Indianapolis meet their basic needs and build better lives for themselves and their families….

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PepsiCo launches $40 million community college program

With the goal of assisting four thousand African-American and Latinx students over five years, the program will provide financial support as well as mentoring and leadership training from PepsiCo employees, and will give students the opportunity to apply for internships and jobs at the company….

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Open Society invests $6 million for global access to biologics

Awarded through the Soros Economic Development Fund, the investment in Univercells, a Belgian biotech company, will support efforts to remove manufacturing bottlenecks in the production of COVID-19 vaccines and help develop distributed manufacturing capacity in middle-income countries globally….

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Gilberts, Rocket Community Fund commit $500 million to Detroit

The family foundation of Quicken Loans founder and Rocket Companies chair Dan Gilbert and his wife, Jennifer, has pledged $350 million to the effort, while the companies’ philanthropic arm will contribute $150 million in support of neighborhood revitalization and economic opportunity….

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PepsiCo awards $5.4 million for clean water access in Latin America

PepsiCo will invest $3 million over three years in Agua Para el Planeta, a program it operates in collaboration with the Nature Conservancy in Latin America, while the PepsiCo Foundation will invest $2.4 million in support of new drinking water access programs in the region….

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Gates Foundation awards $1.5 million in education grants

Awarded through Balance the Equation: A Grand Challenge for Algebra 1, the foundation’s first ever U.S. education Grand Challenge, the Phase 1 grants will support projects designed to transform Algebra I from a “gatekeeper” into a “gateway” to success….

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T. Denny Sanford commits $300 million for rural healthcare access

The gift will support efforts to improve access to affordable, high-quality health care in the rural Midwest, including a significant expansion of graduate medical education, an investment in community health and wellness, and a planned virtual hospital….

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GAVI, Global Fund, USAID partner to improve supply chain efficiency

With the goal of improving health outcomes and the rollout of COVID-19 vaccines in lower- and middle-income countries, GAVI, the Vaccine Alliance; the Global Fund to Fight AIDS, Tuberculosis and Malaria; and USAID will jointly offer a training program designed to increase supply chain efficiency for medicines and healthcare supplies….

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University of Hawai'i receives $2.3 million for college prep program

The grant from the Harold K.L. Castle Foundation will enable the Soar Higher program to provide low-income and first-generation middle and high school students from the Windward O’ahu community with developmentally appropriate support to aid them in graduating from high school and enrolling in and completing college….

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