Devex Examines Collaborative Philanthropy Trend, Including Recent Grant Announcements From Co-Impact
Devex: How big grants can pave the way to more investment
“Co-Impact, a collaborative of funders focused on systems change, announced its first grants on Tuesday. The grants, which total $80 million, are aimed at improving health, rethinking education, and increasing opportunity for people in South Asia, Africa, and Latin America. Co-Impact is part of a growing trend of collaborative philanthropy, which can combine smaller gifts into larger bets, and help social enterprises access the resources they need to drive global health and international development outcomes at scale…” (Cheney, 1/15).