Greenmoney: Investing in the Future of Water and Sanitation

credit:

Matt Damon and Gary White are putting their money where their mouth is.

The two are co-founder and CEO of WaterEquity, a nonprofit that aims to improve access to safe water and sanitation around the world, USA Today reports.

"Access to safe water and sanitation is a fundamental human right under binding international law," White says in a press release.

"Yet today, a global water crisis still persists."

According to the UN, more than 3.5 billion people worldwide lack access to safely managed sanitation and more than 2.2 billion people lack access to safe water.

WaterEquity estimates that if 600 million low-income people could get financing for water and sanitation services over the next decade, the market would be worth $35 billion.

WaterEquity has made more than $360 million in investments in four private investment funds that have reached more than 5 million people with increased access to safe water and sanitation.

And 93% of the people taking out the micro loans are women.

"Ensuring equitable access to safe water and sanitation cannot be accomplished without giving women the power and the capital to solve for their futures," White says in the press release.

WaterEquity's investment funds lend money to financial institutions in developing countries to expand water and sanitation lending.

The loans are repaid at an average rate of 97%

Read the Entire Article

A customized collection of grant news from foundations and the federal government from around the Web.

How's Your Community Doing?
Check Out it's
Community Vital Signs

Indiana Foundation Discloses $13M in Expenses

The Indiana Economic Development Foundation has disclosed more than $13 million in expenses over six years.The audited financial reports were released Thursday under the orders of Governor Mike...more

Philanthropy Alone Can't Fill the Void €” and It Is Not Designed to
Foundation: Lancaster County Community Foundation

In Lancaster County alone, nonprofit organizations received over $180 million in federal grants in 2024.If the federal government withdraws needed support, decades of this community's hard work to...more

€Œdreamcatchingâ€� Launches Powerful Mental Health Awareness Campaign Through ...

Initially launched with a product-based model, Dreamcatching features four individuals living with mental health diagnoses.They include a Chief Marketing Officer, behavioral health director, order...more

Smart Hearts, Strong Starts €“ International Grammar School Sydney

The Social Emotional Active Learning (SEAL) program is designed to build empathy, emotional awareness and key social skills through active learning.The SEAL program uses games, props and situational...more

North Devon Waymakers Group Creates Work Opportunities For Neuro-Diverse People

WayMakers is an organisation which supports people with autism and ADHD.Founder Alex Kelly says businesses may not be aware of the support available.Support includes neuro-affirming strategy...more

Singapore Govt Launches $15M Carbon Fund, Awards Grants

Singapore awards grants to developers, launches $15m carbon fund.3Degrees, Climate Bridge International and The Nature Conservancy will receive grants.A Chinese project developer has set up an...more

Idaho Gives Sets Record With $5.1 Million Donated
Foundation: Idaho Community Foundation

Donors contributed over $5.1 million to support state nonprofits during the four-day event, April 28-May 1.The Idaho Humane Society recorded the most donors: 698 raising $76,199.There are over 2,000...more

Braver Angels Spreads Its 'Building Bridges' Gospel Across Greater Minnesota

Braver Angels spreads its 'building bridges' gospel across Greater Minnesota.Braver Angels Minnesota is part of a national citizens' movement that brings together conservatives, liberals,...more

Fresh Ideas Behind Food Services Innovation Award

Bairnsdale Regional Health Service (BRHS) has won an Excellence in Innovation award.The team, led by executive chef Laura Akkerman, has won for its clever implementation of the Healthy Choices menu...more

Make A Plan–And Make Charities Part of It

The Philanthropy Hub, powered by the Community Foundation of North Central Florida, is a searchable online database of nonprofits.For example, if a donor typically gives a charity $5,000 annually,...more