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"If the class register were anything to go by, education would be one of modern civilization's greatest success stories."
That's what Peter Wilson, a member of the UBS Accelerate Collective, had to say about education in the world's poorest countries, where 90% of children are still unable to read by the end of primary school, per CNBC.
Yet education is one of the few areas where "any charitable organization can pay for an education approach that boosts a handful of children's academic results, but what is the point if the government can't afford to pay for that 'new' initiative after the charity leaves?' Instead, funding provided by the UBS Accelerate Collective is tied directly to measurable outcomes.
In India, for example, the Collective took part in a four-year NGO-run program which tied funding directly to students' test scores when measured against the results of children outside the program.
"The most important aspect is that you're making a commitment of capital alongside like-minded people," Wilson tells CNBC.
The UBS Optimus Foundation, led by Tom Hall, Global Head of Social Impact and Philanthropy at UBS, is working to do just that with its SDG Outcomes initiative, which focuses on clearly measuring the outcomes we're trying to
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Foundation: Susan Thompson Buffett Foundation, Gates Foundation
"For too long, a lack of money has forced organizations fighting for women's rights into a defensive posture while the enemies of progress play offense," writes Melinda French Gates in a New York...more
Foundation: Heinz Endowments, Richard King Mellon Foundation
Imagine a world where every child has access to high-quality, affordable education. That's the vision of a group called Remake Learning, which this month hosted the firstForge Futures summit in...more
Big Brothers Big Sisters of Central Ohio is using nearly $1 million in grants from Battelle to create after-school and summer programs focused on science, technology, engineering, and math for...more
If you're an engineer looking to make your mark in the tech world, Forbes has just the list for you. The magazine interviewed 11 engineering leaders, including James Dyson of vacuum company...more
Art, science, technology, conservation, and design are coming together in a new lab at MIT to address climate change in the Mediterranean region, the Boston Globe reports. Called the MIT-LUMA...more
The World Bank is calling for urgent action to help small island developing states (SIDS) deal with the effects of climate change as leaders from the nations meet in Antigua this week. The bank's...more
Fast fashion is here to stay, at least according to a new report from the European Commission, which notes that by 2050, the fashion industry is expected to be responsible for more than one-third of...more
The global impact investing market was valued at $478.15 billion in 2023, and is expected to reach $550.52 billion by 2024, at a compound annual growth rate (CAGR) of 15.1%, according to a new...more
A startup in the Czech Republic is hoping to change the way people think about energy. Delta Green, formerly known as Nano Green, says it has received $2.2 million in funding to expand into...more
Richard II is coming to the Asheville, NC, stage this summer. The Montford Park Players will perform the English king's rivalry with his successor, Henry IV, in the 2024 season, titled Muse of...more
Nonprofit Management News from...
Susan Thompson Buffett Foundation
Gates Foundation
Heinz Endowments
Richard King Mellon Foundation
Kentucky Foundation for Women
Logan Healthcare Foundation
Case Foundation
Northern New York Community Foundation
Ontario Trillium Foundation
Greater Manhattan Community Foundation
Social Entrepreneurship
Spotlight
Philanthropy as Key Enabler to Work on ‘Wicked Problems’
Australia’s Melbourne City Mission Chief Executive Officer Ric Holland writes how philanthropy can act as an enabler on many levels.
