Philanthropist MacKenzie Scott is donating an extraordinary $40 million unrestricted grant to LISC. It is the largest gift from an individual in LISC’s 40-year history—one that not only speaks to the value of LISC's ongoing efforts but also to the power and efficacy of community development, as a whole, to help advance racial and economic justice and spur opportunity throughout the country, according to Maurice A. Jones, LISC president and CEO.
"This is a catalytic gift to support vital and meaningful work," Jones said. "We are humbled and incredibly grateful to MacKenzie for her generosity, creativity, confidence and vision—using her resources in bold ways to invest in efforts to create and sustain stronger futures for American families and communities for many years to come."
A customized collection of grant news from foundations and the federal government from around the Web.
William D. Eggers and Paul Macmillan of Dowser write about the social entrepreneurs slowly and steadily dirsupting the world of philanthropy. According to Forbes, philanthropy disruptors are those that believe “no one company is so vital that it can’t be replaced and no single business model too perfect to upend.”