Warren Buffett's Grandson on the Art of Opportunity Zone Social Impact Investing

credit:

Howard W. Buffett, the grandson of legendary investor and billionaire Warren Buffett, is getting into Opportunity Zones.

Buffett is launching a software tool that measures an Opportunity Zone investment's potential social, environmental and economic impact.

Through his advisory firm, Global Impact, Buffett developed the software, "Impact Rate of Return," with financial technology company NES Financial. The program aims to spur development in thousands of distressed areas across the country.

According to the firm, Buffett's reporting tool tracks an Opportunity Zone project's location, development type, census tract and investment size, then tabulates the data into one number. Buffett is rolling out the software across 67 Opportunity Zone investment funds.

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

Starting with Place

If you're looking for a way to boost your community's sense of place, researchers at Gustavson University in Sweden have just the thing. They've developed a set of five principles that community...more

Entrepreneur Seri Roth to Launch an Online Directory and Community for Lgbtq+ Businesses

Seri Roth is an entrepreneur "with a passion for empowering communities and fostering positive change," according to her website. She's just launched Boston Queers, an online directory and...more

10+ Can'T-Miss Houston Business and Innovation Events for April

Google is teaming up with Rice University to create a Houston-area startup accelerator, the Houston Chronicle reports. The accelerator will focus on the "Internet of Things," with a particular...more

Climate Tech + Community = A Winning Housing Strategy for Nola?

"We want homes that last longer than eight to 10 years," says Avra van der Zee, COO of Hawaii-based nonprofit Elemental Excelerator, which has teamed up with New Orleans' Finance New Orleans to...more

Power of One Initiative Unveils Transformative Agenda in Enugu Conference

When Jude Chinedu heard Chisimdi Okoh talk about how he wanted to change the world, he thought it would be a good idea to do something about it. And so he founded the Power of One Initiative, a...more

Geeta Pradhan: Inspired by Everyday Struggling People, She Leads $60 Million Endowment ...
Foundation: Boston Foundation, Cambridge Community Foundation

Geeta Pradhan is the president of the Cambridge Community Foundation in Massachusetts, and in 2024 she'll become the state's outstanding woman of the year. That's thanks to her work to fight...more

Secu Foundation Welcomes 16 Non-Profits to Mission Development Grant Program With ...

"We are seeing positive, tangible outcomes for grant recipients working to boost their capacity and impact for programs and services that are vital to those in need." Those are the words of the...more

Regions Foundation Grants To Support Louisiana Small-Business Ecosystem

"Small businesses are the heart of our communities, and when we invest in their success, we're investing in a stronger economy and quality of life, benefiting people across the region." So says...more

Community Foundation Receives $750,000 Matching Grant
Foundation: Lilly Endowment

An Indiana community foundation is getting a big boost from the Lilly Endowment thanks to a hefty donation from Eli Lilly and Co., the Indianapolis Star reports. The Community Foundation of Noble...more

Grand Unveiling of Aura at Innovation Square: Elevating Living in Cleveland'S Fairfax Neighborhood
Foundation: Cleveland Foundation, George Gund Foundation

If you're in Cleveland and can't afford to live near the Cleveland Clinic, you may want to consider moving to Aura at Innovation Square, a new $26 million apartment complex that's set to open in...more