The Celo Foundation Aims To Bring $20B In Impact Investing Funds To Web3 By 2025


Foundation: Gates Foundation

credit: USACE on Flickr

Bono's foundation is putting its money where its mouth is, in the form of a pledge from some of the world's biggest investors to invest at least 2% of their investments in social impact projects over the next five years.

The Celo Foundation says more than 100 impact investors have signed on to its "2% for Web3 Impact" initiative, which will see them investing in projects that have a positive impact on the world's economy or people's lives, the Guardian reports.

The money will come from a new fund called the Social Impact Collective, which is being created by the Celo Foundation with help from the World Wildlife Fund, the Bill and Melinda Gates Foundation, and other major donors, the New York Times reports.

"This is a really big deal," says the co-founder of the Social Impact Collective.

"It's the first time that the world's biggest investors are coming together to invest in social impact."

The Celo Foundation says it plans to make the pledge public next week at the Global Impact Investing Network's Investor Forum in the Hague, the Times reports.

The money will go toward projects in Africa, Asia, and Latin America, as well as new initiatives in the areas of health, education, and climate change.

Read the Entire Article


Selected Grant News Headlines

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

'Many Kind People in S'Pore': Dignity Kitchen to Restore Fire-Damaged Premises as Donations Pour in

A woman in her 80s in Singapore pulled $20 out of her purse and gave it to the founder of a social enterprise that provides jobs for people with disabilities, the BBC reports. Koh Seng Choon,...more

Legacy Foundation Grants $25000 To Local Non Profits

The Legacy Foundation in Ottumwa, Iowa, is putting its money where its mouth is. The foundation has awarded $25,000 in grants to six local nonprofits, including $10,000 to the Cardinal Youth...more

Pee Wee Homes to Receive a $40,000 Grant from Secu

A tiny-home nonprofit in North Carolina is getting $40,000 over the next two years to build three new homes for homeless people. Pee Wee Homes will use the funds to hire a property or...more

Legacy Announces $25000 in Nonprofit Grants

The Legacy Foundation in Ottumwa, Iowa, is putting its money where its mouth is. The nonprofit has awarded $25,000 in grants to six local nonprofits, including $10,000 to the Cardinal Youth...more

Pressr: Weyay Bank Launches Podcast to Spark Conversations on Kids' Financial ...

A bank in Kuwait is trying to make it as easy as possible for kids to get their hands on money. Weyay Bank has launched a podcast called Jeel, in which kids between the ages of 8 and 14 discuss...more

Accelerating Government Efficiency through Advanced Technologies and Innovation

When it comes to getting a driver's license in the US, there's a lot of red tape. In fact, more than half of the country's DMV offices are still manual, according to a new report from the...more

7.4 Representative Jennifer Mcclellan Talks Climate Resilience and Environmental Justice ...

Virginia Rep. Jennifer McClellan is the first black woman elected to Congress from her home state, and she's also the first black woman to represent it in the House of Representatives. But...more

Editorial: Regional Projects Show Benefits of State Grant Money
Foundation: Lilly Endowment

Indiana is adding $500 million to its coffers and the Lilly Endowment is throwing in $250 million for community and economic development programs designed by communities themselves, the Columbus...more

Nonprofit Mission Statements: 30 Examples of Brands Who Are Crushing It [Infographic]

If you're in the market for a new website, you might want to check out this list of 30 nonprofit mission statements, rounded up by Nonprofit World. They're great if you're in the market for a new...more

How Reading The Morning Paper Inspired an Alumnus' Mission to Shape Ethical Leadership

"One day, he decided to do something about it." That's how Steve Bachand describes his $5 million donation to the University of Virginia's Darden School of Business, which will create the Stephen...more


Here are the star companies that have succeeded in their corporate social responsibility (CSR) programs. The companies were gathered by Civic 50, a national initiative to survey and rank S&P 500 corporations on how they engage with the communities they serve and utilize best practices in their corporate cultures.




Social Services Jobs in Pennsylvania

  Education Jobs
  Foundation Related Jobs
  Executive Director Jobs
  Substance Abuse Jobs
  Social Services Jobs


Federal Government Grant and Assistance Programs


Middle East Partnership Initiative (MEPI) | Scientific Cooperation and Research | Soil Survey | Greater Research Opportunities (GRO) Research Program | Geriatric Education Centers | CPD"s Transformation Intitiative Technicial Assistance | Environmental Monitoring/Cleanup, Cultural and Resource Mgmt., Emergency Response Research, Outreach | Trans-National Crime | | Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy

Edited by: Michael Saunders

© 2008-2024 Copyright Michael Saunders