Awarded as part of a strategic expansion of the foundation's grantmaking, the funding will support the efforts of CARE's Pennies to Power program to bring the benefits of village savings and loan associations to sixty million members, including fifty million women and girls, by 2030. To that end, CARE will use the grant to make investments in Malawi, Tanzania, and Nigeria aimed at helping women establish or expand small enterprises, send their children to school, and invest in their futures.
The foundation also announced that its chair, Arthur Blank, will serve as honorary co-chair of the newly established Atlanta Committee for CARE — part of a nationwide network of committees working to advance a shared vision of women and girls as change agents.
"While historically we have focused on domestic issues, particularly here in Atlanta, we are proud to make our first major grant supporting international work to CARE — a hometown partner and global leader. I believe now, more than ever, in the value of inclusion — not just within our own nation and our own local communities but worldwide," said Blank. "CARE is an incredible partner and we are excited to invest in a like-minded global organization focused on building a larger network to be our brother's keepers throughout the world."
"The needs are greater than ever and the foundation's capacity to leverage life-changing work is enormous at this critical moment," said CARE president and CEO Michelle Nunn. "This investment will impact over a million women through our micro-savings programs while also ensuring that CARE can reach more people facing emergencies with life-savings assistance."
(Photo credit: CARE)