Warren Buffett does most of his philanthropic giving through the Bill & Melinda Gates Foundation — eradicating diseasesKsupporting communities in the developing world.
A new philanthropic endeavor from Buffett's son is bringing that giving closer to home. The NoVo Foundation, established by the Omaha billionaire as a charitable trust, will devote $90 million over the next seven years to support young women and girls of color in the United States.
SEE ALSO: Warren Buffett basically just subtweeted President Donald Trump, shade, shade, shadePeter Buffett and his wife Jennifer Buffett, will distribute the $90 million through the NoVo Foundation. The foundation, which works on advancing adolescent girls' rights, ending violence against girls and women, helping local economies, supporting Indigenous communities, and researching social and emotional learning, first announced its $90 million commitment a year ago.
Since then, the nonprofit has talked to advocates and communities about how to ensure the funding is put to its best use. In practice, the money will go to community-based organizations, to communities in the Southeast, and to policy and research groups working on issues related to the lives of women and girls of color. The foundation expects to award about $13 million in its first year.
SEE ALSO: Bill Gates, VR super nerd, will now take you into the futureThe influx of funding for initiatives in the Southeast could be a big deal, since the foundation chose the region after seeing it had often been ignored by philanthropy.
Community groups, local organizers, and advocates on the policy side can all apply for grants over the next few weeks.
Topics Diversity Social Good Racial Justice
Bridging the Healthcare Divide in West Virginia
Airline kicks passenger off plane for wearing Black Panther hat
Irate commuter plays glorious game of Mad Libs with train company ad
Pepe the Frog's creator: 'Pepe is love'
Going Underground: Notes from the People’s Summit
Doug the Pug is in London and he's having the best time ever
Remember that $4.8 billion Yahoo deal? Verizon is having second thoughts
This man felt Obama's fist
Going Underground: Notes from the People’s Summit
Doug the Pug is in London and he's having the best time ever
Shave the Billionaire
5 apps to help anyone better manage their mental health
Salary or equity? This website wants to help you understand startup job offers
Can Amazon compete? A look at the streaming music wars
Looking for Twin Peaks
Solar storm is underway, with widespread Auroras possible Thursday and Friday
You can now watch Facebook video on your TV
Nigeria says 21 abducted Chibok schoolgirls freed in swap
Amnesiac Nation
How the push for thinner phones contributed to the Samsung Note7 debacle
Travel Snapshots from an OdysseyMichael Friedman (1975Plainness in DiversityOn the Pleasures of Front MatterI ♥ John Giorno and So Should You by Chantal McStayAt Eisenberg’s Sandwich Shop, 22nd & 5th AveNotes from India, 1962Putting on the Veil: Boys Invade an AllDear Lynda: Help! Infectious Boredom and PeeStaff Picks: Stephen Burt, Annie Ernaux, and Ben LooryHarry: A Ghost StoryAmerica the LovelyHow the Unflappable Fred Astaire Survived the FiftiesAbdo Shanan’s Algerian Photographs by Kaelen WilsonThe Ultimate 44 Used Graphics Card Pricing & Benchmark GuideAnnouncing Our Fall IssueThe Enduring, Gloriously Déclassé Style of Barbara WindsorAnn Beattie Rearranges the House at NightA Friend with a HeartInside the Issue: Growing Up with the ‘Odyssey’ Emergent by Jill Talbot Happy Birthday, Telephone Book by Sadie Stein Read Your Flowers by Sadie Stein Wordle today: Here's the answer and hints for June 16 House of Poesy: At the Grolier Poetry Book Shop by Rhoda Feng Essex Girl by Zakia Uddin March Madness by Sadie Stein Fitness for Writers, and Other News by Sadie Stein The Fun Part by Sadie Stein ‘Extraction 2’ review: Big, dumb, but not enough fun B is for Bookseller by Sadie Stein James Bond’s Breakfast, and Other News by Sadie Stein 'Quordle' today: See each 'Quordle' answer and hints for June 16 'Euphoria' star Lukas Gage stays classy after a director's Zoom fail DFW: the Trading Card, and Other News by Sadie Stein 'Black Mirror' Season 6: 'Joan Is Awful,' explained What We’re Loving: Crapalachia, Welty, Animalia by The Paris Review America in Love, and Other News by Sadie Stein Story Time! by Sadie Stein Many Happy Returns, John Steinbeck by Sadie Stein