NewsMember news plus local and national philanthropic reporting
The MacArthur Foundation wants to call attention to the need for financing that doesn’t seek market-rate returns to help impact investing grow and achieve its potential. To that end, it has created the Catalytic Capital Consortium and committed $150 million in "patient financing."
As interest in impact investing — the idea that investments can also generate social or environmental benefits — has grown, there’s been a disproportionate focus on deals that promise market-rate financial returns, says Julia Stasch, president of the foundation. Those investments will not be enough to solve the tough problems the world faces, she says, which is why MacArthur is shining a spotlight on "catalytic capital."
"It is patient, risk-tolerant, concessionary, and flexible in ways that really are different from conventional investment," she says.
Read more of The Chronicle's article here.
January 21's National Day of Racial Healing (NDORH) offered people, organizations and communities across the United States opportunities to recognize the need for racial healing, and bring people together to take collective action for a more just and equitable world.
Racial healing is supported through:
• Respectful dialogue
• Recognition and affirmation of people and their experiences
• Connectedness to individual cultures, histories, and practices
• The sense of agency, nurtured through racial justice activism
Many people would like to talk about the impact of racism and [the need for racial healing] in our country, but don’t know where to start. Some worry that others won’t understand their points of view or what they say might be offensive to others.
This guide can help you begin to have a conversation, despite these very real challenges. Recognizing that talking about racism can be challenging; your goals should be to commit to creating a safe space for people to be authentic and vulnerable, and to pave the way for future conversations.
Read the guide here.
From the Delaware Business Times.
The average pay rate for all three Delaware counties is $19.50, according to the Bureau.
The hiring started in Fall 2018. The Bureau first recruited positions for “Address Canvassing,” the first major field operation of the 2020 Census. The majority of the jobs will be hired over the summer. Several thousand positions will be available throughout the country.
To be eligible for a 2020 Census job, you must:
More information and application forms are available here: https://2020census.gov/jobs/job-details.html
Highmark BCBS is a member of Philanthropy Delaware.
Highmark Health released a report this morning that says its impact on the Delaware economy has reached $135 million between direct in-area spending and such secondary spending as employee wages. In addition, the parent of Blue Cross Blue Shield Delaware says it supports just over 1,000 jobs in the state, including 592 direct employees.
“Success in Delaware is about partnering with others to deliver new kinds of health care solutions and increasing our speed to market,” said Highmark Health President and CEO David Holmberg
The Delaware Community Foundation is a member of Philanthropy Delaware.
On February 26, The Delaware Community Foundation's Focus on Wilmington, in partnership with Social Contract, held an event for community leaders and local professionals to come together and share current projects in and around Wilmington, with hopes of networking and future collaboration. Whitney Wideman is a project associate with Social Contract and helped organize and run the event.
"This is a Focus on Wilmington event where we brought in a lot of the key players in the city and others who were interested to present to people about the initiatives that they have going on in the city," said Wideman. "We have a segment built into every one of these session where each person is going to see how their work aligns with the presenter's work--so it's really an opportunity for them to network and for them to begin to build on their own initiatives."
Read more about the event here.
Beebe is a member of Philanthropy Delaware.
Beebe Healthcare announced the appointment of three new members to its board of directors, Christian Hudson, Andrew Dahlke and Mouhanad Freih.
Beebe also thanked outgoing board members Tommy Cooper, James Marvel and Paul Mylander. Mylander was elected board member emeritus in recognition of his 15 years of service on the board. He is the fourth board member in Beebe’s history to be recognized with board member emeritus status.
Read more about Hudson, Dahlke, and Freih here.
The Delaware State Chamber of Commerce and The Partnership, Inc., an education-focused affiliate, have announced the 2019 Superstars in Education award winners. The annual award honors school programs that bring an innovative approach to education and learning.
The Superstars in Education Selection Committee considered nominations from public, private, magnet, charter and parochial schools from around the state. Winners will be recognized at a reception and awards ceremony.
Read about the winners here.
WSFS is a member of Philanthropy Delaware.
Following WSFS Financial Corporation’s acquisition of Beneficial Bank, Gerard P. Cuddy, Karen Dougherty Buchholz and Michael J. Donahue have joined the WSFS Board.
The three executives join the WSFS board in accordance with the acquisition agreement between WSFS and Beneficial that was completed on Friday, March 1.
“One of the many advantages we immediately gain from combining WSFS and Beneficial is the wealth of banking, leadership, operations and administrative experience of our new Board members from Beneficial,” said Mark A. Turner, executive chairman of the boards of directors for WSFS and WSFS Bank. “I join our Board and all of our WSFS Associates in welcoming Gerry, Karen and Mike to the WSFS family. Their leadership and long-time experience in our market will be resources upon which our Board will rely as we create the largest, premier, longest-standing community bank for the Greater Delaware Valley.”
Read more here.
Delmarva Power is a member of Philanthropy Delaware.
Delmarva Power provided the Salvation Army of Delaware a check for more than $12,000 as part of its commitment to match customer donations for the company’s Good Neighbor Energy Fund.
From March to October 2018, Delmarva Power customers donated more than $37,000 to the Salvation Army as part of the GNEF program. Delmarva Power’s contribution comes from its promise to match $1 for every $3 received, up to $70,000 annually.
The MacArthur Foundation has picked John Palfrey, the head of a prestigious prep school and chairman of the board at the Knight Foundation, to serve as its new president.
Palfrey has led Phillips Academy Andover, his alma mater, for the past seven years and is a great-great grandson of President Theodore Roosevelt. He is an expert in the use of technology and has written extensively on online access and digital transparency.
Read more here.
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Address:100 W. 10th Street, Suite 500Wilmington, DE 19801