Home
Focus Areas
About Us
Outdoors outfitter Patagonia is giving away all its money to fight climate change, the Los Angeles Times reports.
The company's owner, Yvon Chouinard, announced Wednesday that he and his family are giving up their 98% stake in the company and transferring it to an environmental nonprofit called the Holdfast Collective.
The remaining 98% of the company will be given to the Patagonia Purpose Trust, which will "protect the company's values," Chouinard said in a statement.
The company will continue to be a for-profit entity in California, but every year, Chouinard says, money from the company's profits will be invested in the company and the rest will go to the Holdfast Collective to fight climate change.
According to the Ventura County Star, Patagonia's first environmental grant was to save the waves at the mouth of the Ventura River in the 1970s.
"From the top down, they're all in on protecting the planet but also protecting Ventura," says a local activist.
"We all looked at that as a really positive move by them and wish that other companies would follow suit." Read the Entire Article
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
For two days in March, music fans gathered in Phoenix's Steele Indian School Park for the McDowell Mountain Music Festival, which featured electronic dance music (EDM), R&B, and indie rock. But...more
It's a sign of the times: A real estate research firm has been bought by a private equity firm in a deal that values the company at more than $1 billion. The New York Times reports on GRESB's...more
"By bringing together brilliant minds across fields, we may be able to invent new ways forward." So says Jeff Bezos in announcing the Bezos Earth Fund's $100 million AI for Climate and Nature...more
"The climate time-bomb is ticking. We need to seize the opportunity to invest in credible innovations that can contribute to reaching our global targets," UN Secretary-General Ant ? nio Guterres...more
"The urgency of the climate crisis demands innovative discoveries in research and the seamless integration of these solutions into our daily lives," Erica Smithwick, director of Penn State's Climate...more
The House Financial Services Committee has introduced 13 bills that, if passed, would "nullify a series of gross regulatory oversteps on the part of Biden's regulators," committee chair Patrick...more
If you're in the market for a new greenhouse or vertical farm, Virginia Tech has just the thing. The Institute for Advanced Learning and Research is teaming up with the Virginia Tech-IALR CEA...more
Foundation: Rockefeller Foundation
Southeast Asia needs to ramp up its energy transition, and a new grant from the Rockefeller Foundation is going to help the Institute for Environment and Sustainability at Singapore's National...more
Matt Damon and Gary White are putting their money where their mouth is. The two are co-founder and CEO of WaterEquity, a nonprofit that aims to improve access to safe water and sanitation around...more
Repsol, Spain's largest oil and gas company, is under fire from environmental groups for "greenwashing" its fuelsmeaning using palm oil instead of natural gasand is now facing a lawsuit from another...more
Social Entrepreneurship
Spotlight
Why People Buy from Social Enterprises?
The Guardian has compiled a list of responses to its latest open thread, and has announced the winner of the social enterprise gift hamper packed with presents.
