Posted inChildren & Families

Can fancy finance fund fights against social ills?

A new method of financing government programs such as early childhood education and prison reforms is generating a near giddiness among states and philanthropists eager to participate. Social impact bonds allow foundations and private-sector investors to participate in funding programs aimed at easing social ills and earn a financial return if the programs are successful. […]

Posted inChildren & Families

Michigan philanthropists have a ‘sense of urgency’ on education

Rob Collier/Council of Michigan Foundations The Council of Michigan Foundations is the nation’s largest regional association of grantmakers, representing 350 foundations and other grantmaking organizations in the state. Foundations are playing an increasingly prominent role in Michigan as state and local government budgets that support for communities, the arts, recreation and other services have become […]

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How high is rent in six Michigan cities?

(courtesy image/used under Creative Commons license) Finance guidelines say housing should not cost more than 30 percent of household income. But in 2013, thousands of Michigan rental households fall below that standard.   Michigan Two-bedroom fair market rental: $768 Hourly wages needed to afford two-bedroom fair market rental: $14.77 Mean renter hourly wage: $11.62 Rent […]

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