Philanthropic initiative launches long-term fund to replace USAID stopgap
By Jenny Lei Ravelo // 02 September 2025
In the wake of USAID’s funding cuts, several emergency funds emerged to address immediate needs. But now one of them is winding down to pave the way for philanthropic giving that goes beyond maintaining existing programs.
Founders Pledge, a global initiative in which entrepreneurs pledge to commit a portion of their personal wealth to charity, announced the launch of its new Catalytic Impact Fund. It will support programs that help create broader systemic changes, remove barriers to making progress, and serve as an early-stage funding to crowd-in capital from other sources where it can.
Some of the grants in the fund’s pipeline include:
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About the author
Jenny Lei Ravelo@JennyLeiRavelo
Jenny Lei Ravelo is a Devex Senior Reporter based in Manila. She covers global health, with a particular focus on the World Health Organization, and other development and humanitarian aid trends in Asia Pacific. Prior to Devex, she wrote for ABS-CBN, one of the largest broadcasting networks in the Philippines, and was a copy editor for various international scientific journals. She received her journalism degree from the University of Santo Tomas.
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