NEW YORK and BOSTON, July 26, 2011 /PRNewswire/ — The Pershing Square Foundation and Social Finance, Inc. announced today a three-year, $1,500,000 grant to introduce Social Impact Bonds (SIBs) to the United States.
By Caroline Preston (The Chronicle of Philanthropy) – Mr. Ackman, 44, and his wife, Karen, gave $58-million to the Pershing Square Foundation in 2010, which they created in 2006 to support education, human rights, social entrepreneurship, and other causes. They contributed an additional $1.3-million to 50 other nonprofits.
By Miriam Kreinin Souccar (Crains New York Business) – The Center for Jewish History, a nonprofit that houses the largest repository of Jewish history outside the state of Israel, announced Monday it has raised $30 million to pay off its longstanding debt.
By Stephanie Strom (The New York Times Online Edition) – Few nonprofits groups have dared embark on a capital campaign since the financial crisis started. But the Center for Jewish History, which serves as the umbrella for the largest collection of documents, photographs, books and other materials related to the Jewish experience, had little choice.