Home
About Us
Open Society Foundations' Soros Economic Development Fund
Foundation: Open Society Foundations, Sea Change Foundation
One of the world's biggest philanthropists is putting his money where his mouth is.
George Soros has committed $25 million to Allied Climate Partners, a public-private partnership that aims to increase the number of bankable climate projects in emerging markets and developing economies, the New York Times reports.
"The scale of investment needed to drive climate transition and adaptation in Global South economies clearly goes far beyond the capacities of private philanthropic funding," Mark Malloch-Brown, president of Soros Economic Development Fund, said in a statement.
"We are excited about this model which seeks to use catalytic funding to remove barriers, and help kick start the broader systemic shifts the world urgently needs."
Allied Climate Partners will use funds from the SEDF and other philanthropic investors to anchor a number of regional funds in Southeast Asia, Africa, Latin America and the Caribbean, and India with $235 million first-loss junior equity.
These regional funds will in turn seek to raise an additional $600 million in senior equity from multilateral development banks, development finance institutions, and private investors.
"Without this support, many projects and businesses struggle to attract the necessary capital to achieve their climate-related goals," the statement reads.
"Even though 5% of the capital can unlock 95%, this early-stage capital is the hardest
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Foundation: Headwaters Foundation for Justice, MacArthur Foundation, Marguerite Casey Foundation, Marguerite Casey Foundation
This imbalance is all the more jarring given that Native communities are reeling from the Trump administration's draconian spending cuts.Funders with a track record of supporting Native American...more
Morgan Stanley Climate Fund Invests $30 million in Methane Emissions Management Platform Insight M.Insight M is an energy sector-focused methane management solutions provider.The investment was made...more
Sanjukta "Shama" Shams, CFRE, is a results-driven executive specializing in fundraising, strategic planning and storytelling to empower marginalized communities.Shams: Clear, consistent communication...more
Amazon RDS for MySQL announces Innovation Release 9.3 in Amazon RDS Database Preview Environment.You can deploy mysqldb.com in the Preview Environment which provides the benefits of a fully managed...more
Vantive, a company that provides vital organ therapies, announced it will invest more than $1 billion over the next five years to drive innovation of digitally-enabled therapies.Vantive's digital...more
'I'm never going to stop': Facing NEA cuts, a young composer and an unusual music venue turn hurt into action.A corrugated steel water tank sits atop a hill in the northwest corner of Colorado, near...more
As flood risks rise, Latino landscapers and residents learn to fight back with green infrastructure.A Washington, D.C.-based nonprofit called EcoLatinos created a Spanish-language training...more
Amanda Risser took over recently as Central City Concern's new chief medical officer.She talks about looming Medicaid cuts, weak links in the system, and priorities for the future.Central City is the...more
Sports Philanthropy Network Announces Speakers for 2025 Sports Phil philanthropy World Conference in Chicago.Sports PhilanthropY Network creates social impact by creating collaborations with...more
WFMJ | 101 W.WBCB is a news and sports station in Youngstown, Ohio.WFMJ is part of the NBC Sports network.For more information on this site, please read our Privacy Policy, Terms of Service, and ...more
Social Entrepreneurship
Spotlight
When it Comes to Social Enterprises, Failure is the Best Platform for Innovation
In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.
