With the U.S. Supreme Court now dominated by five movement conservatives, nearly all the gains of modern liberalism—many of which leading foundations helped to engineer over generations—are now at risk. Major reversals on civil and reproductive rights are only part of what may lie ahead. The larger dream of the conservative legal movement is to limit government in a wide range of spheres—repealing by judicial fiat decades of laws to protect workers, the environment and consumers, as well as the legal frameworks that support key entitlement programs like Social Security and Medicare.
JOHANNESBURG — Futuregrowth Asset Management, acting on behalf of client funds, recently concluded an investment in the Impact Bond Innovation Fund (IBIF), a South African outcome-based financing mechanism that seeks to improve early childhood learning and development (ECD) outcomes in the Western Cape. The IBIF, a social impact bond, is the first ECD-focused transaction of its type in the Global South.
Melinda Gates has handed over the co-chairmanship of Maverick Collective, an all women-led philanthropy group, to South African businesswoman and philanthropist Dr. Precious Moloi-Motsepe.
World’s first development impact bond for education shows successful achievement of outcomes in its final year
About three years ago, an experiment in the financing and delivery of a program aimed at increasing girls’ school enrollment and achievement began in Rajasthan, India. In this rural area, where agriculture is the main form of subsistence, one in ten girls aged 11-14 are kept out of school, for reasons such as contributing to the family income or caring for siblings.
In 2014, Kris Gopalakrishnan, the executive vice chairman of Infosys, made the largest private investment in neurological research in India’s history, when he established the Centre for Brain Research in Bengaluru. With his commitment of INR 255 crores (USD 38.5 million) over 10 years, he aims to dramatically advance the field of Indian-based neuroscience research and help develop treatment strategies for the millions of Indians suffering from dementia and other neurodegenerative diseases. This initiative exemplifies what The Bridgespan Group calls “bold philanthropy.”
Open Society Foundations is taking the Hungarian government to court over legislation that makes it illegal for individuals or organizations to support asylum seekers, claiming the law undermines democracy and establishes a “dangerous precedent.”
The organization, which was founded by American-Hungarian financier George Soros, has filed a case with the European Court of Human Rights in Strasbourg on behalf of its Hungarian legal entity, it said in a statement Monday.
A Stanford professor argues that it’s largely not—but that it could be reformed to promote equality, rather than undermine it.
For a nation that’s minting billionaires at a blistering pace, China’s philanthropy scene is surprisingly puny, thanks in part to the Communist Party’s longstanding suspicion of non-governmental organizations.