Home
About Us
Employees of BlackRock, the world's biggest asset management firm, will soon be able to sock away money for retirement without worrying about running out of it.
The firm has teamed up with the nonprofit Commonwealth to create a workplace savings plan that aims to combat financial insecurity among low- and moderate-income Americans, the Wall Street Journal reports.
"This is not the typical retirement-savings programs, but rather an emergency-savings programs, designed to reduce the financial fragility that often affects those living on low to moderate or volatile incomes with little ability to cope with a financial emergency," says an executive at BlackRock, which has teamed up with Commonwealth to create the plans.
The savings plans, which will be available to employees of several large employers, are designed to help people who don't have access to traditional retirement savings or who don't have access to bank or other savings accounts, the Journal notes.
They're also designed to help low- and moderate-income Americans who don't have access to employer-sponsored savings plans save for a down payment on a home or for medical expenses, the New York Times reports.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Government and philanthropy partner to empower communities.Government is investing $19.3 million over five years to establish Partnerships for Local Action and Community Empowerment (PLACE) PLACE...more
Foundation: Susan Thompson Buffett Foundation, Gates Foundation
Warren Buffett will direct his $140 billion fortune into a charitable trust.None of it will go to the Gates Foundation, which has been the recipient of more than $40 billion from Buffett over nearly...more
Government and philanthropy partner to empower communities.$19.3 million over five years to establish Partnerships for Local Action and Community Empowerment.PLACE will act as a one-stop shop to...more
The program will address how climate change is altering the playbook for disaster philanthropy.The frequency of hurricanes and increasingly impactful secondary perils storm surge, flash flooding,...more
Foundation: Kansas Health Foundation
The Director of Financial Partnerships is a critical role designed to support the Foundation's strategy to catalyze and aggregate resources to reduce the health disparities and inequities Kansans...more
Celebrating artistry and philanthropy: Hindy Weber Tantoco at the Red Charity Gala.Follow Bilyonaryo's unparalleled coverage of business news and global...more
High school students in Iowa can now get a leg up on the rest of the country thanks to a nearly $500,000 FAA grant. The grant will allow Iowa Lakes Community College to launch a course in drone...more
A major bank in India is looking for a senior analyst to help it grow its climate finance business, the BBC reports. The Global Innovation Lab for Climate Finance is looking for a senior analyst...more
Phil Lesh, who played alongside the Grateful Dead and Phish for more than 30 years, has died at the age of 59, the band announced today. Lesh, who also had a successful solo career, had been...more
India's Ministry of Ayush has declared Oct. 29 of each year as "Ayurveda Innovations for Global Health" in an effort "to showcase Ayurveda's potential to improve global health through innovative...more
Philanthropy News from...
Susan Thompson Buffett Foundation
Gates Foundation
Community Foundation of Sarasota County
Parker Foundation
Kansas Health Foundation
Vermont Community Foundation
Spencer Foundation
Wyoming Community Foundation
Community Foundation Alliance
Daviess County Community Foundation
Social Entrepreneurship
Spotlight
Colombian Social Entrepreneur Hopes to Shake and Change the World
Young at 24, Juan David Aristizabal Ospina is a social entrepreneur who founded Buena Nota, a platform that accentuates social entrepreneurs and citizens in Colombia making positive changes and raising awareness about social problems that need to be addressed.
