Lessons from Facebook’s $1B Housing Crisis Investment


Foundation: Nike

credit: Wikipedia

Facebook is one of the most recent examples of big tech making investment to ease California's housing crisis, which has led to a homelessness epidemic in recent years.

Facebook has pledged $1 billion and other tech giants such as Microsoft and Google have also committed to the cause.

Supporters say that tech giants like Facebook have a social responsibility to their community, their country, and their world. Because of their influence, Facebook, Microsoft, Google, and others have an opportunity to do good, and they should take every opportunity to be true leaders.

Nike, Patagonia, Dick's Sporting Goods are all examples of other corporations that have taken a stand to help solve societal issues.

Facebook's investment could positively impact the company in years to come. The article recommends that the best solution is for big tech and the government to work in tandem to achieve the larger societal solution. Read the Entire Article


Selected Grant News Headlines

A customized collection of grant news from foundations and the federal government from around the Web.

Women, Minorities Manage Only 17% Of Major Foundations' Assets
Foundation: Gates Foundation, Casey Family Programs, Knight Foundation, Silicon Valley Community Foundation, Tulsa Community Foundation

Less than 20% of the assets held by major foundations is invested by outside firms run by women or people of color, according to a report released Thursday. The report found that 30 of the largest...more

Greater Milwaukee Foundation Has Deployed $780,000 in Small Business Loans Since May
Foundation: Greater Milwaukee Foundation

The Greater Milwaukee Foundation has provided small business loans to 17 Milwaukee-based businesses, primarily located in three neighborhoods on the north side. The foundation's ThriveOn program...more

The Latino Equity Fund Seeks to Raise $10 Million to Invest in Businesses and Organizations
Foundation: Boston Foundation

Evelyn Barahona has been chosen to lead and grow a new philanthropic fund designed to address longstanding inequities in the Massachusetts Latino community—issues that came into sharper focus after...more

New Round of Aaron Rodgers Small-Business Grants help 79 Butte County Businesses
Foundation: North Valley Community Foundation

Through the North Valley Community Foundation’s Aaron Rodgers Small Business COVID-19 Fund, the second round of funding will pay a total of $578,000 to 79 local businesses in Butte County, as they...more

Nonprofits in Philadelphia Benefit from $1 million Supporting Black Communities initiative
Foundation: Philadelphia Foundation

The Philadelphia Foundation has created a fund designed to bolster the Black-led nonprofits that serve the region's Black communities.The Black Community Leaders Fund will build on a $1 million...more

Program Provides Emergency Grants to Santa Barbara Businesses
Foundation: Santa Barbara Foundation

A partnership of the Santa Barbara Foundation and the Santa Barbara County provides emergency business grants. The funds, which are available through the U.S. Department of Housing and Urban...more

The Omaha Community Foundation Launches Impact Investing Fund
Foundation: Omaha Community Foundation

The Omaha Community Foundation has launched the Community Loan Fund with the aim of accelerating positive social outcomes within our community through impact investing. The Community Loan Fund...more

Adapting Old Buildings to Climate Change Requires New Financial Tools

The startup BlocPower uses software to identify buildings that are prime candidates to receive more efficient energy systems. That might mean installing an electric heat pump or a microgrid to...more

Warren Buffett's Grandson on the Art of Opportunity Zone Social Impact Investing

Howard W. Buffett, the grandson of legendary investor and billionaire Warren Buffett, is getting into Opportunity Zones. Buffett is launching a software tool that measures an Opportunity Zone...more

Reimagining Black Wealth: Asking 400 Year Old Questions

Living Cities staff JaNay Queen Nazaire, Chief Strategy Officer, and Demetric Duckett, Managing Director, write how Living Cities is "not only doubling-down on the use of capital as a driving...more



Fashion entrepreneur Amy Yeung moved her LA-based online apparel business Orenda Tribe to live on the Navajo reservation in New Mexico, among the indigenous sewers, jewelry makers, and artisans who are her suppliers.




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