Home
About Us
Philanthropy Pours More Money Into Latino Wealth Creation
Foundation: Google.org, James Irvine Foundation, Irvine Foundation, Latino Community Foundation
The US Hispanic unemployment rate was more than three percentage points higher than the white unemployment rate in December, and the Hispanic or Latino unemployment rate was more than four percentage points higher than the overall US rate.
But the good news is that private foundations and nonprofit organizations are stepping up their efforts to help Latino- and immigrant-led businesses grow.
"It was important for us to make sure that, as we moved into this crisis mode of COVID, that Latino- and immigrant-led businesses weren't an afterthought," says Jacqueline Martinez Garcel, CEO of California's Latino Community Foundation.
The foundation started the Latino Entrepreneurship Fund in 2020 with $4 million from the James Irvine Foundation to help Latino entrepreneurs and community financial lenders assist Latino businesses.
Since then, it has provided $1 million to help start three new community-development financial institutions.
Such financial institutions, which have charity status, typically provide loans of up to $75,000 to low-income entrepreneurs or small businesses owned by people of color.
Hispanics in Philanthropy, an organization that works to attract charitable funds to serve Hispanics, launched the PowerUp Fund to help Latino-owned small businesses in California, New York, and Texas.
Google.org, the tech giant's philanthropic arm, gave $3 million toward that effort.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
"Our small, locally owned businesses are the backbone of our communities.... These assistance programs will help ensure our small business continue to thrive and keep our communities...more
A hospital in San Diego is using artificial intelligence to help doctors more quickly identify patients at risk of sepsis, the San Diego Union-Tribune reports. Dr. Christopher Longhurst,...more
The Old Medical School in Leeds, England, was once one of the country's first provincial medical schools. Now, it's being turned into a "hub for health-tech innovation," per a press release from...more
The Great Lakes region is home to one-fifth of the world's fresh water, but that could soon change. The National Science Foundation has announced a $160 million, 10-year investment in a coalition...more
Foundation: MacArthur Foundation
This year's MacArthur Foundation 100&Change grant competition has a new requirement: applicants must include diversity, equity, and inclusion in their proposals, the Chicago Tribune...more
Foundation: MacArthur Foundation
This year's MacArthur Foundation 100&Change grant competition has a new requirement: applicants must include diversity, equity, and inclusion in their proposals, the Chicago Tribune...more
"Experiential learning is the best way to get at the nuance and complexity of fields like philanthropy or business," Brian Goebel, managing director of Emory University's Business & Society...more
When Balazs Bognar moved to Tokyo from Urbana, Ill., at age 17, he had no idea he'd end up living there for the rest of his life. "He would take me and my mom and my brothers to cities around the...more
Alber Elbaz's fashion brand, AZ Factory, is shutting down, but not in a bad way. Instead, it's launching a new educational program called AZ Academy: Business for Designers, reports Women's Wear...more
Foundation: Central Valley Community Foundation
California's Central Valley is home to 25% of the US' fruits and nuts, and the state's agriculture-heavy San Joaquin Valley alone accounts for 19% of revenue and 14% of gross domestic product, per a...more
Social Entrepreneurship
Spotlight
Global Companies Appeal for Needed Market Changes in Renewable Energy
Global companies like General Motors, Wal-Mart, Bloomberg, Facebook, Hewlett-Packard, Intel, Johnson & Johnson, Mars, Novelis, Sprint, Proctor and Gamble and REI are calling out for necessary market changes to make it easier to buy and access more renewable energy.
