Global Philanthropy Group

THE NASDAQ ENTREPRENEURIAL CENTER AND JP MORGAN CHASE ANNOUNCE THE VENTURE EQUITY PROJECT

Retrieved on: 
Wednesday, May 18, 2022

SAN FRANCISCO, May 18, 2022 /PRNewswire/ -- The Nasdaq Entrepreneurial Center, a non-profit committed to growing inclusion and access for entrepreneurs worldwide, today unveiled The Venture Equity Project (VEP), a coalition of 10 leading academic institutions and global nonprofits, and supported by JP Morgan Chase, aiming to permanently improve the barriers that exist in the flow of capital to entrepreneurs of color. While first mover capital investments (FMCIs) play a critical role in the entrepreneurial ecosystem, their roles have been largely unexplored and their potential impact on subsequent venture investment in entrepreneurs of color has not been fully leveraged.  

Key Points: 
  • The Venture Equity Project aims to permanently improve the barriers in the flow of capital to entrepreneurs of color.
  • "It is historic to have JP Morgan Chase by our side for this groundbreaking ESG work."
  • It is why we heeded the call from Nasdaq Entrepreneurial Center to join the Venture Equity Project," said Aaron T. Walker, CEO & Founder of project partner Camelback Ventures.
  • The official website for the Venture Equity Project containing more information on partners and their respective work can be found at https://thecenter.nasdaq.org/vep/ .

San Francisco Nonprofit Housing Partnership Brings Affordable Housing Ahead of Schedule and Under Budget Through SF's Small Sites Program

Retrieved on: 
Thursday, February 3, 2022

MOHCD's Small Sites Program is a powerful tool to prevent displacement and expand San Francisco's supply of affordable housing.

Key Points: 
  • MOHCD's Small Sites Program is a powerful tool to prevent displacement and expand San Francisco's supply of affordable housing.
  • To close on the sites quickly and efficiently, MEDA and SFHDC utilized low-cost, purpose-designed bridge loans from the non-profit San Francisco Housing Accelerator Fund (SFHAF), which has financed 20 Small Sites projects throughout San Francisco since 2017.
  • "We are excited to partner with SFHDC and SFHAF on this latest project, as the Small Sites program is a targeted approach to the preservation of affordable housing across San Francisco."
  • "The 168 Sickles development and the City of San Francisco's Small Sites Program is increasing access to more affordable housing opportunities across the city and is key in addressing the ongoing housing gap."

Philanthropi Raises $4M in Funding to Power the Charitable Giving Legacies of Everyday Philanthropists

Retrieved on: 
Wednesday, December 15, 2021

This funding will help Philanthropi advance its mission to let every individual create their own personal, charitable foundation.

Key Points: 
  • This funding will help Philanthropi advance its mission to let every individual create their own personal, charitable foundation.
  • Philanthropi uses bank technology to give any individual access to charitable giving through tax-advantaged, donor-advised funds that are typically reserved for high net-worth individuals.
  • "We're focused on fundamental improvements to the giving ecosystem by making it easier to connect charities and everyday philanthropists based on the individual's interests.
  • Founded in Philadelphia in 2018, Philanthropi isrevolutionizing charitable giving by democratizing philanthropy through its giving-as-a-service platform, allowing everyday donors to seamlessly support their favorite nonprofit organizations.

JPMorgan Chase Committing $8.4 Million to Improve Household Stability for Black, Hispanic and Latino and Other Underserved Households

Retrieved on: 
Thursday, October 14, 2021

JPMorgan Chase today announced six organizations to receive philanthropic capital as part of the firms $400 million five-year commitment to improve housing affordability and stability for Black, Hispanic and Latino and other underserved households.

Key Points: 
  • JPMorgan Chase today announced six organizations to receive philanthropic capital as part of the firms $400 million five-year commitment to improve housing affordability and stability for Black, Hispanic and Latino and other underserved households.
  • Through JPMorgan Chases commitments, six organizations will design and test innovative models to improve household stability with the goal of expanding successful models across the U.S.
  • Todays announcement will help promote immediate housing stability for underserved households and is one step toward our goal of addressing barriers to affordable housing and homeownership, especially for Black, Latino and Hispanic families.
  • Recently, the JPMorgan Chase PolicyCenter released data-driven policy recommendations to improve household stability weakened by the pandemic.

Worldwide Leaders Gather for 2021 Global Inclusive Growth Summit on October 14

Retrieved on: 
Monday, October 11, 2021

The 2021 Global Inclusive Growth Summit will take place on Thursday, October 14 as a free online event presented by the Mastercard Center for Inclusive Growth and the Aspen Institute.

Key Points: 
  • The 2021 Global Inclusive Growth Summit will take place on Thursday, October 14 as a free online event presented by the Mastercard Center for Inclusive Growth and the Aspen Institute.
  • The 2021 summit builds on the success of the inaugural 2019 Global Inclusive Growth Summit, which brought together 500 purpose-driven leaders to share inspiring ideas and solutions and galvanized action to create a more inclusive economy.
  • Learn more about the Global Inclusive Growth Summit and the work of the partner organizations by visiting www.globalinclusivegrowthsummit.com and by following #GlobalIGS.
  • The Mastercard Center for Inclusive Growth advances equitable and sustainable economic growth and financial inclusion around the world.