Special Update: Humanitarian Crisis in Ukraine
The World Bank is providing an additional US$ 200 million in financing to bolster Ukraine’s social services for vulnerable people. This financing is part of the $3 billion package of support that the World Bank Group previously announced it is preparing for Ukraine over the coming months. The combined total of support mobilized by the World Bank for Ukraine now stands at more than $925 million.
CIBC is increasing support for Ukrainians with an additional financial contribution to a total of CA$ 500,000 for humanitarian relief efforts.
More than 50 of the world’s most influential anti-trafficking organizations and leaders have come together to condemn Russia’s invasion of Ukraine and the impact it is having on the risk of human trafficking in the region.
Florida philanthropist and humanitarian Lois Pope is donating $1 million to Save the Children to help meet the urgent needs of children and families fleeing violence in Ukraine.
The CMA Foundation is contributing CA$ 250,000 to UNICEF Canada and the Canadian Red Cross to support the emergency response efforts in Ukraine.
News about grants, gifts
MacKenzie Scott donated US$ 281 million to Boys & Girls Clubs of America and 62 local Boys & Girls Clubs around the country. US$ 25 million of the total gift will go to the organization’s national office in Atlanta and the remaining US$ 256 million will be split in varying amounts among 62 local clubs across the country.
Collaborative philanthropy group Co-Impact named the first 15 grantees of a $1 billion gender equality fund that aims to increase funding for women-led organizations. The fund is backed by a circle of high-profile businesswomen and philanthropists that includes Melinda French Gates, Tsitsi Masiyiwa, Roshni Nadar Malhotra, and MacKenzie Scott.
The Local Initiatives Support Corporation’s Black Economic Development Fund has committed US$ 122 million in investments for Black-owned banks and businesses throughout the country.
The US$ 250 million fund aligns with their larger Project 10X strategy to break down systemic racial barriers, including $1 billion in investments that support small businesses, community nonprofits, mission-driven lenders, anchor institutions and innovative urban and rural initiatives.
The United Kingdom will provide an additional £500,000 of UK aid for UNICEF to provide safe water, emergency sanitation, and hygiene services for 13,500 people affected by the recent extreme weather events in Madagascar.
Orbis has received a commitment of US$ 4 million from the David and Molly Pyott Foundation to support the continuation of critical work to strengthen access to eye care in Zambia over the coming three years.
News about people, groups
The Kenyatta University Teaching, Referral and Research Hospital launched the Centre of Excellence for Cancer Research and Training. The initiative, a collaboration between the Hospital, the University of Manchester and The Christie Foundation, seeks to uplift the standard of healthcare in Kenya.
East Ventures has become the first venture capital firm in Indonesia to sign the UN Principles for Responsible Investment as part of its commitment to the Environmental, Social, and Governance (ESG) approach to identifying and supporting the relevant initiatives to drive more sustainable actions.
Russian billionaires Petr Aven, Mikhail Fridman and German Kahn stepped down from the board of Genesis Philanthropy Group after they were sanctioned by the European Union and the United Kingdom over their longstanding ties to the regime of Russian President Vladimir Putin.
News about opportunities, initiatives
Asia Pacific Internet organizations and the Internet Society have signed a joint Memorandum of Understanding to strengthen and support the development of Internet Exchange Points in Asia-Pacific to enhance Internet affordability, quality, and reliability. The memorandum would serve the whole Asia-Pacific region but will benefit most of the nations whose local Internet traffic is exchanged over international links.
The newly launched 776 Foundation, created by Reddit co-founder Alexis Ohanian, is committing $20M to a decade of climate fellows. The 776 Fellowship Program is a two-year program for the next generation of problem solvers. Each of the inaugural 20 Fellows will receive a $100,000 grant and support from the 776 Foundation’s network of founders, investors, and partners.
The UN Refugee Agency, together with 102 humanitarian and development partners, is appealing for US$ 1.2 billion to deliver humanitarian assistance and protection to 2.3 million South Sudanese refugees and local communities in the Democratic Republic of the Congo, Ethiopia, Kenya, Sudan, and Uganda.
California Credit Union is inviting all Los Angeles and Orange County teachers to apply for a credit union grant through its bi-annual Teacher Grant program. Ten California Credit Union grants of $500 each will be awarded to area teachers in May..
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