The MacArthur Foundation will let loose another $100 million to a single project in the third installation of its global 100&Change competition, which for the first time requires applicants to address diversity, equity, and inclusion issues, the foundation announced Wednesday.
FILE - Characters from Sesame Street Live appear on the street by Madison Square Garden in New York, Feb. 10, 2010. MacArthur Foundation will donate $100 million to the winner of its 100&Change competition. The first 100&Change challenge was awarded in 2017 to a collaboration between Sesame Workshop and the International Rescue Committee to provide educational programming to refugee children in the Middle East.
“The woke-ification of philanthropy has not served it well and has decreased trust in philanthropy and charity over all,” Hartmann said. MacArthur started the nine-figure awards to spur nonprofits to think big without the onus of constant grant writing. The foundation also hasthat the large grants publicize the problems applicants are trying to solve and draw more philanthropic resources. Since the first competition, MacArthur says donors have given more than $500 million to 100&Change winners and finalists.
“The endorsement of our work was instrumental in pulling in this set of investors and other financial allies,” she said.
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