Philanthropic group gifts United Negro College Fund $100 million grant to help boost HBCU endowments
Jan 11, 2024
The Nationwide Solutions portfolio makes significant, long-term investments in bringing evidence-based solutions to national scale.
We believe in taking what works – programs and strategies based on evidence and already producing results in one or more states or across several cities – and making right-sized investments that bring those strategies to scale nationally. We believe in the power of scale to create a greater impact and touch more lives. Poverty is a complex and immense social issue. There is no silver bullet, no one solution to the numerous problems that trap young people and families in poverty in the US, so we invest in solutions across domains that seek to increase economic mobility in a variety of ways.
Visionary leaders with evidence-based programs are making a meaningful difference in the lives of young people and families across the country. Yet philanthropy’s prevailing model hinders leaders’ ability to think bigger and act boldly to pursue nationwide growth. The market prioritizes small-dollar grants over the large, unrestricted growth capital leaders need to meet the scale of the problems they address. Larger grants, especially of $1 million dollars or more, are rare and often come with restrictions, stifling innovation and expansion.
is the average grant size
Blue Meridian makes investments of $100 million or more in a single initiative that will implement its bold, national scaling plan over several years. These large-scale, long-term investments allow exceptional leaders to unleash their visions with confidence that they have the capital they need to make a meaningful impact against a significant social problem. This model of unprecedented, right-sized growth capital has the potential to improve life trajectories nationwide and could become the new normal for philanthropic investing.
or more of cumulative investment by Blue Meridian in a single initiative
More than 600,000 children experience foster care involvement each year. However, with the right interventions and support, many of these youth could safely remain at home with their families, avoiding the negative life outcomes associated with unnecessary foster care involvement. At the same time, for those youth already in the foster care system, more than 20,000 will age out annually. Facing an abrupt loss of services and having little to no emotional support and guidance, these young adults are more likely to face homelessness, unemployment, and mental health issues.
Through its evidence-based Intercept and LifeSet programs, Youth Villages works to transform the life prospects of youth at risk of entering or aging out of foster care.
Five million young adults in the US, ages 18-24, are chronically unemployed or underemployed, imperiling their futures and costing America billions of dollars. Year Up’s intensive one-year training program offers hands-on skill development, coursework eligible for college credits and corporate internships designed to prepare these young adults for “middle skill” positions. Year Up bridges the gap between talented young adults seeking a pathway to well-paying professional careers, and companies eager for a well-trained workforce and a cost-effective way to meet their talent needs. At scale, Year Up offers a platform to set millions of young adults – cut off from economic opportunity – on a path out of poverty.
Approximately 50,000 youth in foster care have an especially difficult time finding a permanent home and face a host of negative outcomes if they remain in foster care or when they age out of the system. Wendy’s Wonderful Kids, a program of the Dave Thomas Foundation for Adoption, uses a unique recruitment model to match the hardest‐to‐place children – those ages nine or older, with special needs, or in sibling groups – with appropriate adoptive families. Its model is 1.7 to 3 times more effective than conventional placement models. At scale, it has the potential to transform foster care systems across the country, setting new standard practices for matching hard-to-place children with families.
Unplanned pregnancy is one of the strongest predictors of future poverty. Upstream USA aims to break the cycle of intergenerational poverty for the women who have 3 million unplanned pregnancies every year. Upstream USA provides evidence-based training and wraparound services to all types of healthcare organizations across the country, so they can provide patient-centered access to the full range of contraceptive methods including long-acting, reversible contraception – reducing unplanned pregnancies, and improving economic opportunity, educational attainment and upward mobility for both parents and children.
Children living in poverty are more likely to fall behind in social, emotional, cognitive, and behavioral development. While low-income children under age four can be difficult to reach in formal settings such as pre-kindergarten, 90% of them visit a pediatrician. HealthySteps, a program of ZERO TO THREE, is a national model of enhanced pediatric primary care that integrates a child development specialist into the primary care team to improve developmental outcomes with a particular emphasis on families living in low-income communities. Screening, advice and referrals give families the knowledge, support and resources they need to nurture their children’s healthy development.
Every year, 380,000 children are born to first-time mothers living below the federal poverty line who often lack adequate support during their child’s critical early years, leading to long-term consequences for their children. Nurse-Family Partnership (NFP) is a national home visitation program that has achieved remarkable results. Backed by four decades of scientific research, NFP’s approach has been shown to improve pregnancy outcomes, strengthen the economic self-sufficiency of mothers, and support the health and development of their children. At scale, NFP has the potential to combat the effects of poverty nationally by transforming the life prospects of these mothers and their children.
Every day, thousands of legally innocent people are detained in jails across the country simply because they are unable to pay the bail that would allow them to stay in their communities. This leads to an array of potential harms, including exposure to violence inside jail and jeopardizing housing, employment and access to public benefits. Increased pressure to plead guilty also burdens many with criminal records, which have damaging effects on their long-term economic prospects and personal lives. The Bail Project uses a national revolving bail fund to pay bail for low-income individuals, alleviating stressors that exacerbate poverty. At scale, The Bail Project’s model represents an immediate and highly actionable approach for effective pretrial reform. The Bail Project’s ultimate aim is to end unaffordable cash bail in the US.
Despite the growing need for talent, a skills gap persists for low-income individuals hoping to obtain in-demand jobs. U.S. businesses are expected to hire for more than 8 million new positions over the next decade, against a backdrop of approximately 7 million currently unfilled openings. Social Finance is dedicated to mobilizing capital to drive social progress. The organization brings partners together to measurably improve the lives of those in need through a set of financing strategies. Their UP Fund will provide low-income individuals with access to high-quality, industry-recognized job training programs and other needed supports to help them achieve economic mobility, while building the inclusive, skilled labor force the nation needs for long-term competitiveness.
Over 37 million people in the United States live in poverty, yet many are unable to access the social safety net – a web of more than 80 public benefit programs – intended to support them. Meanwhile, billions in government benefits like SNAP, WIC, and Medicaid remain unclaimed every year by people who are eligible. Working at the intersection of technology and government, Code for America is showing that it’s possible for government to work well for everyone and serve people with dignity and respect. Code for America works shoulder to shoulder with community organizations and government to build digital tools and services, change policies, and improve programs for all people. Through its Safety Net Innovation Lab, Code for America will remove key barriers that make it hard for families and individuals living in poverty to access the public benefits they deserve.
Black, Latinx, and Indigenous Americans have not had equal opportunity for upward economic mobility, experiencing significantly lower rates of intergenerational mobility than white Americans. The traditional path to economic mobility runs through higher education institutions. Individuals who obtain a college degree earn nearly $500K more over their lifetime than those with a high school diploma alone. Within the past year, the Thurgood Marshall College Fund, United Negro College Fund, and Partnership for Education Advancement launched the HBCU Transformation Project, a historic collaboration to build the capacity of and address infrastructure needs for Historically Black Colleges and Universities (HBCUs). The Initiative aims to improve socioeconomic outcomes in Black communities by increasing HBCU health and sustainability, improving student outcomes including retention and graduation rates, expanding enrollment, and increasing capacity-building with faculty and staff. Ultimately, the goal of this investment in the future of HBCUs is to spur a projected annual increase of more than $1 billion in Black wealth in the US economy by 2026.
Accumulating financial assets allows families to build intergenerational wealth, invest in opportunities like homeownership or education, and weather times of economic distress. Yet, many anti-poverty programs and policies discourage or penalize saving. To support families living in federally subsidized housing – some of the most asset-poor families in the country – Compass Working Capital works to expand the national scope and impact of a vastly underutilized federal housing initiative, the Family Self-Sufficiency (FSS) program. Through the program, families can build savings in a federally protected escrow savings account, which grows as families increase their earned income, and rigorous evaluations show participant earnings are 23% higher and usage of public assistance was 39% lower three years of participation.
Today, over 100 million Americans are living at or near the poverty line, a disproportionate number of whom are people of color, who face systemic racism and other barriers to opportunity. PolicyLink is a national research and action organization that works to advance racial and economic equity, by uniting movement leaders, government agencies, and corporations around a shared focus. Their “Winning on Equity” strategy is building the infrastructure and capacity needed to drive long-term policy change.
Jan 11, 2024
Jan 11, 2024
Nov 29, 2023
Oct 17, 2023
Sep 29, 2023
Sep 28, 2023
Sep 15, 2023
Sep 15, 2023
Sep 15, 2023
Sep 13, 2023