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