In 2018, PayPal anonymously surveyed a large sample of its hourly and entry-level employees to assess their financial security. The results indicated that almost two-thirds of surveyed employees reported periodically running out of money between paydays. This was disappointing and surprising, but provides a valuable lesson to other leaders: Although PayPal's internal analysis showed that it paid at or above market value for each of its employees, the wages were not always sufficient for many families.
Commitment to the CDFI sector designed to significantly increase investment in communities and entrepreneurs that have experienced decades of underinvestment
CHARLOTTE, N.C., September 23, 2020 /3BL Media/ – Truist Financial Corporation (NYSE: TFC) today announced a $40 million initial donation to help establish CornerSquare Community Capital, a new national nonprofit fund that will support selected community development financial institutions (CDFIs) through the purchase of 25% loan participations.
Supporting the growth of small businesses everywhere is one of the many way FedEx invests its charitable resources. The COVID-19 pandemic has negatively impacted thousands of entrepreneurs, especially when it comes to getting access to capital funding. That’s why FedEx is collaborating with nonprofits like Acción, one of the world’s leading global microfinance organizations. In Brazil, FedEx is helping support financial technology start-ups, often called fintech, through the Acción Venture Lab.
By Marla Blow, Senior Vice President of Social Impact, North America, Mastercard Center for Inclusive Growth
Inclusive growth ensures that the benefits of a growing economy extend to all segments of society, and research suggests that productivity is determined less by a person's skills and abilities, and more by their access to the vital networks that power the modern economy. But access to these physical, virtual and social networks is not equally available, and Black people have been deliberately excluded from these networks.
Whole Planet Foundation is a Whole Foods Market non-profit dedicated to alleviating poverty through microcredit around the globe in countries that supply stores with products. Currently, that's 25 communities in 19 cities in the Unitest States and 76 other countries. Microcredit is small loans - the current average first loan size is $174 - with no formal contract or collateral, provided to low-income entrepreneurs to create or expand a small business, mostly home-based, for the opportunity to generate income and lift themselves and their families out of poverty.
Fund will invest in early- to expansion-stage companies to drive innovation and adoption in the water space
September 10, 2020 /3BL Media/ - Emerald Technology Ventures is pleased to announce the closing of its water impact fund, with committed capital totalling USD 100 million from cornerstone investor Temasek and strategic investors SKion Water, Ecolab and Microsoft. The fund will invest in early- to expansion-stage companies globally to drive critical innovation and its adoption in the water space.
Whole Planet Foundation has been supported by Tony Huston since 2014. Tony was instrumental in his former employer showing up one day to the Whole Foods Market headquarters office in Austin, Texas with a Big Check made out to Whole Planet Foundation for $100,000. He had heard about Whole Planet Foundation impact from Whole Foods Market team members and wanted to join them and other stakeholders in alleviating poverty in countries around the globe that supply stores with products.
Bridgett Jeffries has dedicated her life to caring for other people’s furry family members as if they were her own. The longtime animal shelter volunteer and proud parent to three dogs took a leap of faith in 2017 when she left her corporate job to open Café Wakefern, a dog daycare and boarding business, in Columbus, Ohio. She named her business after a café to evoke a “cozy, communal” coffee-shop feel, indicative of the safe and welcoming environment she creates for her canine customers.