New Hanover Community Endowment has enough money to give every person in New Hanover County about $220.
Leaders also unveiled a new system called the aGrants Rainbow.
It includes six tiers of funding, ranging from $5,000 community grants to much larger awards that board members call social impact investing.
The endowment wants to be clear it is focused on transformational change.
A customized collection of grant news from foundations and the federal government from around the Web.
In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.