In the News

By Alex Daniels ...

Today, MacKenzie Scott shared “Seeding by Ceding,” a Medium blog post outlining gifts totaling $2.7 billion to 286 high-impact organizations, including Social Finance....

A number of Massachusetts organizations received millions of dollars in donations as part of Mackenzie Scott’s latest, $2.7 billion round of philanthropic gifts. Scott, the former wife of Amazon founder Jeff Bezos, announced on Tuesday that she would be distributing the money to 286 organizations “in categories and communities that have been historically underfunded and overlooked.”

Scott, who last year gave away about $6 billion in two surprise announcements, said she and her husband, Dan Jewett, along with a team of advisers, made the donations with the belief that “it would be better if disproportionate wealth were not concentrated in a small number of hands.”

By Laura Aka ...

As we begin to recover from one of our nation’s greatest crises, it’s time to rethink the way we finance worker upskilling to meet the future of work. For all of the confident predictions we see about the future of work, the humbling reality is that there’s real uncertainty. America faced declining economic mobility and a growing skills mismatch before the pandemic; as the economy transforms, that uncertainty grows. With it comes financial risk: We—students, employers, public workforce developers, our collective society—don’t always know which investments will pay off....

The impact investing nonprofit is helping to finance diesel technician training amidst shortage ...

Excerpted from the Future of Work...

By Adam Rein and Charlotte Cipolletti...

Excerpted from U.S. Department of the Treasury...

By Paul Burton...