Home
About Us
Matt Damon and Gary White are putting their money where their mouth is.
The two are co-founder and CEO of WaterEquity, a nonprofit that aims to improve access to safe water and sanitation around the world, USA Today reports.
"Access to safe water and sanitation is a fundamental human right under binding international law," White says in a press release.
"Yet today, a global water crisis still persists."
According to the UN, more than 3.5 billion people worldwide lack access to safely managed sanitation and more than 2.2 billion people lack access to safe water.
WaterEquity estimates that if 600 million low-income people could get financing for water and sanitation services over the next decade, the market would be worth $35 billion.
WaterEquity has made more than $360 million in investments in four private investment funds that have reached more than 5 million people with increased access to safe water and sanitation.
And 93% of the people taking out the micro loans are women.
"Ensuring equitable access to safe water and sanitation cannot be accomplished without giving women the power and the capital to solve for their futures," White says in the press release.
WaterEquity's investment funds lend money to financial institutions in developing countries to expand water and sanitation lending.
The loans are repaid at an average rate of 97% Read the Entire Article
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Asian millennials are expected to inherit more than a third of the world's wealth by 2030, and a new service in Asia aims to help them do just that. The philanthropic arm of Singapore's sovereign...more
Bloomberg is looking for a Salesforce.com developer to join its New York office. You'll be responsible for building and maintaining Bloomberg's sales and service applications on the Salesforce...more
The Atlanta Braves have a new co-owner, and it's no surprise. Anil Damani, a native of Pakistan who now lives in Atlanta, bought a controlling stake in the team earlier this year, reports the...more
A Kansas State University fraternity has donated $35,000 to a local animal shelter after one of its members was seriously injured in a car accident. Blake Aurand, a member of the Delta Sigma Phi...more
David Pecker, the former CEO of the parent company of the National Enquirer, took the stand in his own defense Thursday in the trial of Michael Cohen, President Trump's former personal...more
The Toronto Globe and Mail's "On the Scene" feature takes a look at some of the week's philanthropic events around Canada, including a record-setting auction that raised $250,000 for a mental-health...more
Nigeria's Mike Adenuga Jr. turned 71 yesterday, and in honor of the billionaire's big day, Business Insider has compiled a profile of him that includes this standout line: "In a universe often...more
If you're a billionaire in India, you may be on the Forbes list of the world's richest people. And if you're also a billionaire in India, you may also be on the Forbes list of the world's richest...more
When it comes to philanthropy, millennials and Gen Z are outpacing baby boomers in a big way, according to a new report from Instituto Beja and Oxygen. The report finds that 74% of millennials...more
"All investments are impact investments," says Adam Spence, CEO of SVX, a non-profit financial services firm that has just launched Canada's first index designed to measure the impact of investments...more
Social Entrepreneurship
Spotlight
Social Entrepreneurship: Meet the Disruptors of The World Of Philanthropy
William D. Eggers and Paul Macmillan of Dowser write about the social entrepreneurs slowly and steadily dirsupting the world of philanthropy. According to Forbes, philanthropy disruptors are those that believe “no one company is so vital that it can’t be replaced and no single business model too perfect to upend.”
