The nuts and bolts of mission investing
PHILANTHROPY | Last week, Tamara wrote about how the Kellogg Foundation has used mission investing to maximize its impact. Today, Gretchen follows up with a closer look at the mechanics of mission investing – specifically, she writes about MRIs (not that kind) and PRIs. She also explores how the Consumer Health Foundation is using mission investing to improve our region. (Daily, 5/21)
– The Kellogg Foundation and Mission-Driven Investing (Daily, 5/16)
– How Philanthropists Can Help Companies Achieve Profit with a Purpose (Arabella, 5/14)
OKLAHOMA | Our thoughts go out to Moore, Oklahoma, after yesterday’s monster tornado flattened huge parts of the city. Moore has been hit by similarly-destructive tornadoes three times in the last fifteen years. While the damage from the latest is devastating and the loss of life is significant, there is some relatively good news. Medical examiners have cut their death toll estimate in half, as of this morning. (Atlantic & WTOP, 5/12)
Our colleagues in Baltimore have pulled together a list of ways that you can help the victims. The Tulsa Community Foundation has also set up relief funds. And here are some options for local Oklahoma nonprofits.
Finally, here’s a heartwarming story amid the many sad ones. (Sky, 5/21)
POVERTY | Following up on yesterday’s news about the rise in suburban poverty, The Atlantic looks at some of the implications of suburban versus urban poverty (Atlantic, 5/21):
Poor people who live in high-rise apartments and dense urban blocks have neighbors who can pool childcare, or point each other to social services, or share rides to work. They have access to public transit, because transit follows density, too.
“That isolated poverty is a kind of hopeless poverty,” [Ford Foundation President Luis] Ubiñas said. It is also considerably less visible to the rest of us. “We won’t run into it on the subway or in the park,” he says. “We’ll drive past it on the highway.”
LOCAL | Here’s part two of WAMU’s investigation of local developers and their relationships with elected officials – Million-Dollar Properties, $1 Deals. (WAMU, 5/21)
TRANSIT | If you’ve been wondering how the Silver Spring transit center ended up as a $120 million-plus, useless mess, you’re in luck. The Post looks at the history of the project. (WaPo, 5/12)
JUVENILE JUSTICE | A new report from the National Youth Employment Center reviews the work of the organization’s Postsecondary Success Initiative, which works with disconnected and court-involved youth to help them achieve postsecondary credentials. The initiative is supported in part by the Open Society Foundations. (NYEC, 5/21)
EDUCATION | Process for Charters to Inherit Vacant DCPS Buildings Gets a Wee Bit Easier (CP, 5/21)
Ray Manzarek, a founding member of The Doors, passed away from cancer yesterday. It was a real tragedy that Doors lead singer Jim Morrison wasted his life on drugs, but the band’s impact on modern music was incredibly deep considering its short tenure. Here’s my favorite Doors song, which I think represents some of Manzarek’s best work – Riders on the Storm. It feels especially appropriate for today.