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The Devils Youth Foundation, in an effort to bring life-changing opportunities to New Jersey’s youth through the power of sports and entertainment, recently committed its largest-ever grant, $100,000, to foundation partner La Casa de Don Pedro.
The grant provides the La Casa de Don Pedro facility with a brand new “El Patio de La Casa” — a revitalized area to serve as a vibrant community hub modeled after a Caribbean Plaza with safe spaces for children to play, attend concerts, have a neighborhood communal refrigerator and enjoy festivals.
El Patio de La Casa’s subsequent community programming will serve over 800 youth in Newark annually.
Rising Tide Capital (RTC), a prominent New Jersey-based entrepreneurship training organization, has received a transformative three-year, $1.5 million grant from the Geraldine R. Dodge Foundation to catalyze the nonprofit’s programmatic expansion in Trenton and throughout New Jersey. This award, approved by the Foundation’s Board of Trustees, will provide $500,000 annually to advance RTC’s impactful entrepreneurship education and workforce development initiatives catering to historically marginalized communities.
The Dodge Foundation’s strategic investment will bolster entrepreneurship education centered on high-opportunity licensed, credentialed, and certified career pathways. It will also provide comprehensive one-on-one technical assistance, resilience coaching, and tailored business support to entrepreneurs. Furthermore, the grant will fund strategic innovation projects that integrate RTC’s established programs with statewide partners, thereby significantly expanding the reach and accessibility of services to underserved communities throughout New Jersey.
A CNJG member received an application from a school district, and wanted to know if others granted funds to a school district, and what other funders learned from granting to a district.
Strategic asset allocation is arguably one of the most important, yet least advanced, aspects of investing. The Investment Strategy Group (ISG) in the Goldman Sachs Investment Management Division has developed a new approach to strategic asset allocation, which leverages the idea that long-term investment returns derive from multiple distinct sources called “return-generating factors.” This multi-factor approach is designed to help investors better understand the key sources of long-term return across asset classes and to increase the precision of long-term risk and return estimates. It also provides investors with a new way to think about portfolio diversification, allowing them to focus not only on diversification across asset classes but also
on diversification across the underlying sources of return.
Alexis Bivens, Vice President of Strategic Initiatives and Managing Director of the Supporting Organizing Work Funders Collaborative, Connecticut Council on Philanthropy, presents the process and progress of how an affinity group transformed into a funders collaborative, how it was resourced, and challenges along the way.
Shifting Power to Shift Systems: Insights and Tools for Funders is a new report from Rockefeller Philanthropy Advisors (RPA) that summarizes insights relating to power dynamics from leaders and experts on driving systems change.
Over the course of three months in early 2022, Rockefeller Philanthropy Advisors’ Shifting Systems Initiative hosted a series of eight workshops focused on power and equity in philanthropy. During these workshops, an invited group of funders and other partners discussed the role of power dynamics in effectuating the systems change needed to address increasingly complex global challenges. The honest and rich conversations during those workshops surfaced several important themes and insights on how to balance power in a way that drives rather than inhibits change. RPA’s new report, Shifting Power to Shift Systems: Insights and Tools for Funders, distills some of the practical actions that funders can take in order to reduce that power imbalance.