This blog contains press releases on fundraising and philanthropy that the Resource Center has seen on the Internet. This listing is a sampling and is not intended to be all inclusive. Disclaimer:AFP provides this listing of hyperlinks to other Internet pages as a privilege to the user. AFP does not necessarily endorse, support or attest to the accuracy of information posted on those Internet pages. Some urls may require registration to view and/or may only be available for a limited time
Thursday, May 20, 2010
The Nonprofit Quarterly | The Nonprofit Quarterly | Nonprofit Newswire | INNOVATION: Some Funds in Schwab Charitable Have Double Impact
The Nonprofit Quarterly | The Nonprofit Quarterly | Nonprofit Newswire | INNOVATION: Some Funds in Schwab Charitable Have Double Impact: "Schwab’s “Double Give Program” allows donors to use up to 10 percent of the funds they have in donor advised funds managed by Schwab to help guarantee microfinance loans in the developing world. The funds continue to be invested and earn money for the donors’ charitable accounts, but help leverage important microfinance resources. According to Schwab Charitable’s press release, the first year of the program has generated $10 million in guarantees, which are managed by the widely admired Grameen Foundation."
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