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Old money seeds new: How RK Mellon Foundation cultivates Pittsburgh's startup scene

While investments in local tech are a small percentage of the org's overall charitable giving, they represent a valuable source of homegrown funding for founders looking to scale the industries of the future. ....

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R.K. Mellon Foundation to invest $1M in companies' best 'social-impact' ideas

R.K. Mellon Foundation to invest $1M in companies' best 'social-impact' ideas
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R.K. Mellon Foundation announces $2.6 million grants to stimulate 'new-economy' jobs locally

R.K. Mellon Foundation announces $2.6 million grants to stimulate 'new-economy' jobs locally
triblive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from triblive.com Daily Mail and Mail on Sunday newspapers.

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Jeannette, New Kensington among towns that could benefit from new $20M investment fund

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A new partnership between the Richard K. Mellon Foundation and Arctaris Impact Investors, a Boston-based impact investment group, is launching a $20 million investment fund to underwrite economic development projects in distressed communities in Allegheny and Westmoreland counties.
The fund, unveiled Wednesday, will target projects that support economic development, workforce training, infrastructure and sustainable job creation in qualified Opportunity Zones in the counties.
Opportunity Zones are designated areas of distressed communities that carry special tax incentives for investment and development. ....

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Richard King Mellon Foundation to award $1.2B in Pittsburgh region over 10 years, seeks public input

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The Richard King Mellon Foundation, the region’s largest philanthropic organization, plans to give away $1.2 billion over the next decade, its director announced Wednesday.
And it will continue a new practice in doling out the old money by soliciting public input on where it will do the most good.
The foundation aims to “increase opportunity and prosperity in Southwestern PA, and to advance environmental conservation and stewardship across the United States” through its new strategic plan, Director Sam Reiman said. Last year, the foundation awarded $130 million in grants. ....

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