clearn.png
Friday December 2nd, 2022 1:32AM

Water.org unveils $1 billion plan for water access at CGI

By The Associated Press

NEW YORK (AP) — Water.org announced a $1 billion plan Tuesday to help 100 million people in Africa, Asia and Latin America get lasting access to water and sanitation.

The Water.org Water & Climate Fund, unveiled at the Clinton Global Initiative conference in New York, plans to use $50 million in philanthropic money to create a billion-dollar investment portfolio to help bring new water delivery and wastewater treatment projects to underserved communities, then use those communities’ utility bills to fund further projects. Amazon donated the first $10 million of philanthropic money needed for the fund.

It was the day’s largest proposal at the conference, which convened world leaders from politics, business and philanthropy for the first time since 2016. And it showed how the conference encourages nonprofits to take on increasingly ambitious projects to tackle the world’s toughest problems.

Actor and water access activist Matt Damon said he and his water.org co-founder Gary White are “CGI OGs,” because of their long ties to the conference, and that he worried about making his first commitment in 2009 because he was afraid to let people down.

On Tuesday, he encouraged attendees not to worry about that. “Please don’t be afraid to engage,” he said.

It’s a message that echoed throughout the two-day conference.

“The world needs heroes,” said Joseph Deitch, founder of the Elevate Prize Foundation. Nobel laureate Malala Yousafzai won the foundation’s $250,000 Elevate Prize Catalyst Award, which the 2014 Nobel Peace Prize winner said she will use to support alternative schooling and advocate for the reopening of girls’ secondary schools in Afghanistan that have been closed since the Taliban takeover last year.

“Afghanistan girls have seen what it means to be educated,” she said. “They will fight.”

Carolina García Jayaram, CEO of the Elevate Prize Foundation, said in an interview that the purpose of the award is to amplify the message of advocates like Yousafzai. “It’s how we inspire the world to feel more agency to do good,” she said.

Sasha Fisher, co-founder and executive director of nonprofit Spark MicroGrants, came to CGI seeking partners to provide $25 million to expand training and support programs in villages across Africa. The additional funding would be used to bring its community-building work to between three and five more countries.

“The things that are most scalable are also the most decentralized, so governments love the approach of getting small grants to villages to launch local projects and local businesses to accelerate economic development in their area,” Fisher said. “They know that it’s going to work if it’s started by people in that village.”

Villages that received funds from Spark MicroGrants weathered the pandemic better than those that didn’t, according to the nonprofit. Those villages have also seen an increase in female leadership and a decrease in domestic violence.

CGI also saw the launch of numerous new philanthropic ventures.

Dr. David Fajgenbaum's new nonprofit Every Cure hopes to match generic drugs with rare diseases that currently have no treatment. It’s a process that he knows has potential because he used it to treat his Castleman’s Disease, a rare ailment where the immune system attacks vital organs.

“This is a huge issue,” Fajgenbaum said. “There are drugs at your neighborhood pharmacy that could cure you or someone you love, but the system is not built to uncover them.”

He chose to announce his nonprofit at CGI because it lets him tell his story with “the right people in the room.”

“I can share about how I’m alive because of one of these drugs and hopefully inspire people to want to support this work,” Fajgenbaum said.

His presentation was certainly effective. Fajgenbaum received a standing ovation from the full CGI crowd. And former President Bill Clinton had already been won over.

“What I think could be great is if the president’s cancer program could do this for peanuts compared to what it costs to launch major medical research,” Clinton told The Associated Press in an interview. “They might save a lot of lives.”

____

Associated Press coverage of philanthropy and nonprofits receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. For all of AP’s philanthropy coverage, visit https://apnews.com/hub/philanthropy.

  • Associated Categories: Associated Press (AP), AP World News, AP Business
© Copyright 2022 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Browns' Chubb regrets final TD run before Jets' comeback
Nick Chubb wishes he can have a do-over
6:57PM ( 21 minutes ago )
AP source: MacKinnon signs 8-year deal, highest paid in NHL
The Colorado Avalanche are making Nathan MacKinnon the highest-paid player in the NHL’s salary cap era
6:47PM ( 31 minutes ago )
Associated Press (AP)
At UN, Truss aims to show UK can still lead on world stage
British Prime Minister Liz Truss is at the UN on a mission to convince the world that she is a steely leader for tough times
5:51PM ( 1 hour ago )
4 Ukrainian regions schedule votes this week to join Russia
The separatist leaders of four Russian-controlled areas of Ukraine say they are planning to hold referendums this week for the territories to become part of Russia as Moscow loses ground in the war it launched
5:40PM ( 1 hour ago )
Fiona swipes Turks and Caicos, Puerto Rico faces big cleanup
Hurricane Fiona is blasting the Turks and Caicos Islands as a Category 3 storm after devastating Puerto Rico, where most people remain without electricity or running water
5:40PM ( 1 hour ago )
AP World News
Stocks close lower ahead of Fed decision on interest rates
Stocks closed lower on Wall Street ahead of a key decision on interest rates by the Federal Reserve
5:38PM ( 1 hour ago )
Feds: 47 exploited pandemic to steal $250M from food program
Federal authorities have charged 47 people in what they're calling the largest fraud scheme yet to take advantage of the COVID-19 pandemic by stealing and defrauding the government of $250 million
5:38PM ( 1 hour ago )
FDA concedes delays in response to baby formula shortage
U.S. health regulators say their response to the ongoing infant formula shortage was slowed by delays in processing a whistleblower complaint and test samples from the nation’s largest formula factory
5:25PM ( 1 hour ago )
AP Business
Arbiter in Trump docs probe signals intent to move quickly
The independent arbiter tasked with inspecting documents seized in an FBI search of former President Donald Trump’s Florida home says he intends to push briskly through the review process
6:35PM ( 44 minutes ago )
GOP's hard-line tactics on migrants refocus midterm debate
The Republican governors of Florida and Texas have delivered migrants on planes and buses to Washington, D
6:29PM ( 50 minutes ago )
One year later, growing global perils as Biden returns to UN
President Joe Biden is confronting difficult issues as he travels to New York this week for the annual gathering of world leaders at the U.N. General Assembly
6:28PM ( 51 minutes ago )
Southern Baptists cut ties with LGBTQ-friendly church
The Southern Baptists’ Executive Committee has voted effectively to cut ties with two congregations
6:28PM ( 52 minutes ago )
'Our world is in peril': At UN, leaders push for solutions
The world’s problems are seizing the spotlight as the U.N. General Assembly’s yearly meeting of world leaders opens
6:24PM ( 55 minutes ago )