A state commission has released a blueprint for redeveloping shuttered prisons, some of which have been closed for years without any plans to reuse the facilities.
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In June 2020, with Covid wreaking havoc around the world, the Ford Foundation tapped U.S. capital markets, taking on $1 billion in long-term debt and enabling investors to help the foundation support nonprofits that were in danger of shutting their doors. It was the first so-called social bond to be issued by a foundation and allowed Ford to expand its grant making from $550 million a year to over $1 billion. Today other foundations are following Ford’s lead.
Philanthrocapitalism seen from South Africa cadtm.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cadtm.org Daily Mail and Mail on Sunday newspapers.