SAN FRANCISCO — Co-Impact, a collaborative of funders focused on systems change, announced its first grants on Tuesday. The grants, which total $80 million, are aimed at improving health, rethinking education, and increasing opportunity for people in South Asia, Africa, and Latin America.
Co-Impact is part of a growing trend of collaborative philanthropy, which can combine smaller gifts into larger bets, and help social enterprises access the resources they need to drive global health and international development outcomes at scale.
“The basic premise behind Co-Impact is that in order to drive large-scale change, we need a variety of different actors at the table,” said Olivia Leland, CEO at Co-Impact. “The key piece of everything we’re doing is this recognition that philanthropy is one piece of the overall picture.”