Fifth Third Community Development Corp. is investing an additional $2.5 million in First Independence Bank. The move makes Fifth Third the largest investor in the minority depository institution and community development financial institution.
In today’s highly competitive and polarized environment, any movement or cause needs energetic and effective leaders. This is especially true in the social sector, which is chronically understaffed and undercapitalized. Therefore, truly successful and sustainable leaders need to combine the skills and attributes of both leadership and management. They require a vision as well as the ability to execute it.
Every quarter Whole Planet Foundation aggregates field metrics from our microfinance partners who are disbursing and collecting microcredit loans to people living in poverty.
To enable their efforts to do good for others, charities also need to manage the commercial, structural and strategic aspects of their organisation well. For that, they need an expertise they may not necessarily have among staff members.
Tetra Tech, Inc. (NASDAQ: TTEK) announced today that the U.S. Agency for International Development (USAID) awarded the Company a $650 million, multiple-award contract to develop innovative solutions to address land rights challenges around the world. Secure property rights provide a foundation for sustainable natural resource management, access to water resources, economic growth, and improved food security.
Back in 2007, when Matt and Catherine O’Hayer started pasture-raising hens, their thoughts were never just on the birds in their care, but in using whatever means at their disposal to affect lasting change. Directly, that meant challenging long-held assumptions in the food business – that sustainable could not mean scalable, and vice versa. That challenged Matt to pioneer an entirely new on-shelf category in the egg set – pasture-raised – and disrupt an industry that had become moribund and commoditized.
It would be difficult to think of a field that is more old-power than the arts.
Closely connected with this old-power/new-power dynamic is the way that technology has been embraced in these organizations (or not). Traditional performing arts institutions are lagging behind other kinds of groups when it comes to embracing interactive technology in their performances, particularly methods that empower their audiences.
We tried a new-power approach to philanthropy at American Express with our Partners in Preservation program, which we sponsor with the National Trust for Historic Preservation.
After 11 years, this partnership has awarded nearly $20 million in preservation funding to 250 diverse historic sites in 20 National Parks, fourteen different cities, and 12 Main Street communities.
As part of Whole Planet Foundation’s annual due diligence visits to our microfinance partners around the globe, we observe the presence or absence of “responsible finance indicators” which shed light on how our partners are serving the world’s poorest people. Many of our microfinance partners use or develop strategies to inform their work, ensuring they are reaching their target populations with the services they need most.
Ten years ago, I embarked for a life-changing journey as an intern for Whole Planet Foundation with their microfinance partner, Grameen Bank, in Panajachel, Guatemala. I was 19 years old, a rising Sophomore at the University of Texas at Austin, and I had no idea what to expect. I came away completely inspired by the spark of entrepreneurship created by microfinance and found in each woman I met in Guatemala, which has led to a very interesting and crazy past 10 years as I have started my own ethical fashion business, Teysha.
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