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If you own stock in CoreCivic, a company that runs America's largest privately run prisons, you may not be doing much for the environment or human rights.
But if you own stock in CoreCivic, a company that runs America's largest privately run prisons, you may not be doing much for the environment or human rights.
That's according to Nonprofit Quarterly, which reports that more than half of the country's nonprofits have total assets of less than $1 million, meaning they have cash and other investable assets that can be easily sold and converted into cash.
If you own stock in CoreCivic, you may not be doing much for the environment or human rights.
"Thanks to prison privatization, corporations, many of whom, like CoreCivic, are publicly listed companies, have a perverse incentive to boost their stock prices and keep prisons full by lobbying for policies like harsher policing, longer sentencing, and incarceration for non-violent crimes," writes Kate Harding.
"If organizations that, say, are campaigning for cash bail invest in corporations (perhaps through a major institutional investment intermediary like BlackRock) that profit from incarceration, how does that benefit their work, even if the financial returns are good?"
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
If Mark Parker wins the Democratic primary for a Baltimore city council seat, he'll be the city's first openly gay lawmaker. The 42-year-old pastor, who says he's "personally and professionally...more
"California is a global leader in the fight against climate change," Ben Stapleton says. "Our state is experiencing the increasing impacts of climate change and yet, has an enormous opportunity...more
The nation's second-largest for-profit education company is being bought by a private equity firm in a deal said to be worth more than $5 billion, the Wall Street Journal reports. Under the...more
Foundation: California Community Foundation, San Diego Foundation
The San Diego Foundation is calling for proposals for its 2024 Community Scholars Initiative grant program, which aims to fund "high-impact projects that support students with disabilities, foster...more
In the fourth quarter of 2023, American household debt hit $17.5 trillion, according to the Federal Reserve's quarterly report on household debt and credit. That's $212 billion more than in the...more
The new president of the International Storytelling Center in Jonesborough, Tenn., says he'll bring a "keen appreciation for the arts and Appalachian history" to the job, the Knoxville News Sentinel...more
It's not every day that a hospital is named the nation's top medical facility, but that's exactly what's happened at Alabama's Children's of Alabama. The Children's of Alabama Clinical Scholars...more
"Is there anything we can help you with today?" asks a text message, followed by a series of seven follow-up texts over 30 days. The idea is to make it as easy for patients to get in touch with...more
There's a growing market for digital diabetes management tools, but a new report from the Peterson Health Technology Institute (PHTI) is warning that these tools aren't helping people with type 2...more
Foundation: Gates Foundation
"The rapid pace of innovation in artificial intelligence, biotechnology, and more is opening new doors for progress in global health." That's the takeaway from the International Center for...more
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Social Entrepreneurship
Spotlight
Hugh Jackman: Fair Trade Entrepreneur
Renowned actor, Hugh Jackman, talks about how he started becoming a fair trade entrepreneur. Jackman is constantly building up ideas and solutions to help small coffee growers get good prices outside the massive coffee industry. His business, Laughing Man Worldwide, reinvests 100% of its profits in its partnerships with farmers.
