What if I told you that, just as there are renewable energy sources, there is a renewable financial resource — and it’s already quietly making progress possible? Impact investing, which generates financial returns alongside positive social change, is proving a valuable tool for spurring large scale, inclusive economic growth and creating income and wealth for residents. Impact investments can take the form of low-interest loans, venture capital or municipal bond investments, for example, all with the goal of addressing critical social needs.
After almost 65 years of making grants in the Baltimore area and elsewhere the Alvin and Fanny B. Thalheimer Foundation will spend down its remaining funds.
NEW YORK - Enterprise Community Partners (Enterprise) today announced the closing of the Equitable Upward Mobility Fund (EUMF), a $190 million Low-Income Housing Tax Credit fund designed specifically to support economic mobility with a focus on ra
Not all young people have the benefit of growing up in a safe and stable home.
In FY 2022, having weathered 40 years of financial ups and downs, national and international hardships, and a global pandemic, Maryland Legal Services Corporation made grant awards totaling over $22.5 million to 37 organizations – including all of the first four.
Baltimore’s Promise, in partnership with the Annie E. Casey Foundation and the Harry and Jeanette Weinberg Foundation, recently announced a package of 10 grants totaling roughly $525,000 through its Youth Grantmakers Initiative. The effort, which featured a group of 15 Baltimore-area youth and young adults between the ages of 16 and 25 in prominent design and decision-making roles, granted funds to 10 local organizations.
The Baltimore Children and Youth Fund (BCYF) awarded CLLCTIVLY and Maryland Nonprofits $150,000 to pilot the CONNECT program. CONNECT is a nine-month cohort of ten organizations focused on deepening relationships and collaboration among nonprofits to improve organizational sustainability, increase fundraising, and move towards a liberatory framework for serving young people in Baltimore City.
T. Rowe Price Foundation President John Brothers saw firsthand how the collapse of a nonprofit incubator can decimate the goals of dozens of entrepreneurs.
Baltimore City depends on nonprofits to provide services, particularly in Black and low-income communities. A reliable contract with the city can allow a nonprofit to expand, serve more residents, and build the employment base of the city. However, longstanding delays in contracting and payment of city partners leave some nonprofits asking if the barriers to accessing city funding are worth the effort. This Abell Report asks what causes the delays in the City's contracting process with nonprofits and how can those delays be fixed?
Baltimore is a city of opportunity. And opportunity requires investment.