Remove Community Development Remove Construction Remove Foundations Remove Social Enterprise
article thumbnail

How Guarantees Can Advance Community Development and Racial Equity

NonProfit Quarterly

Image Credit: Charlota Blunarova on unsplash.com Private foundations are best known for their grantmaking. However, each year, foundations nationwide invest hundreds of billions, often with the simple goal of maximizing financial returns to fund future grants. At the most basic level, a guarantee is akin to automobile insurance.

article thumbnail

A Social Movement Requires Momentum

Stanford Social Innovation Review

Corporations and institutional philanthropy began issuing passionate statements about “meeting the moment” and “showing up” in communities in ways that they hadn’t done before, making financial commitments that now total $340 billion. Heron Foundation offers an example of 100 percent impact endowment alignment.