Omidyar Network, Ford Foundation, W.K. Kellogg Foundation Launch Carry on the Fight Fund
Collaborative prioritizes countercyclical funding to support grassroots power post-election
Building power from the ground up to drive meaningful economic change
The Powering a New Economy Fund is a national funder collaborative that fund that supports local and state-based grassroots-led organizations and coalitions in a targeted set of states working to realize a more inclusive and sustainable economy. The fund is currently focused on grassroots power building in Arizona, Louisiana, Michigan, and Minnesota.
Right now, economic inequities and worker imbalance are at the forefront of public debate in this country, making this a critical time to seize momentum, drive structural economic reforms, and establish real economic power for the New American Majority (people of color, single women, and millennials that together comprise the largest portion of the American electorate) at the state and local level. The fund will strengthen the capacity of organizations to extend their impact beyond electoral cycles in support of larger systemic reform. The fund will give communities the resources to implement policy change, hold elected candidates accountable to campaign promises through issue advocacy, and build communities’ long-term capacity following the 2020 election.
Arizona
Minnesota
Louisiana
Michigan
The Powering a New Economy Fund is a 501(c)(3) project of the New Venture Fund, a 501(c)(3) public charity. Omidyar Network also funds The Powering a New Economy Action Fund, which is an affiliated 501(c)(4) project of the Sixteen Thirty Fund, a 501(c)(4) social welfare organization. © 2023.
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