Although our planned incoming summer and graduate analyst classes are the most diverse in BlackRock's history (with 38% of summer analysts and 30% of our program analysts in the US identifying as Black and Latinx), we are not where we want to be. 2014 marked the culmination of Black Rock Art's Foundations thirteen years of hard work and growth. Employees have the opportunity to allocate BlackRock resources at the local level whether it be banding together to channel support to communities during a crisis or directing funding and talent to address a distinct local need. Catalyst provides a new framework for how companies, governments and private philanthropy can finance, produce and buy new solutions to accelerate a low-carbon economy. Global Use of SASB Standards. BlackRocks Gives Network empowers employees to be a local force for good. In addition to Catalyst, Breakthrough Energy also oversees a network of investment vehicles, philanthropic programs, policy advocacy, and other activities, aimed at helping the world reach net-zero emissions by 2050. NEW YORK September 20, 2021 The BlackRock Foundation today announced a $100 million grant to Breakthrough Energys Catalyst Program (Catalyst) to help accelerate the development of the climate solutions necessary to achieve net-zero emissions by 2050. Through Catalyst and its other programs, Breakthrough Energy is working to address the funding gaps preventing critical climate technology from reaching scale. The New Venture Fund for Global Policy and Advocacy (NVF for GPA) advances the work of the global policy and advocacy communities by providing targeted and timely grants to domestic and international projects that are focused on global health and development issues, family planning efforts, and tobacco control initiatives. The BlackRock Foundation, the BlackRock Charitable Fund and Impact to BlackRock, Inc. BlackRock, Inc. has contributed its remaining 20% stake in PennyMac Financial Services, Inc. with a current market value of $589 million to fund the firms future social impact efforts. Please note: As Our thought leadership in investing, risk management, portfolio construction and trading solutions. Local nonprofits funded through the Gives program reflect the causes that matter personally to employees in that office from educational access to homelessness to food security. When Die Arche relocated to a new building, Lisa recruited a team of BlackRock volunteers to help with the moving process and nearly the entire Munich office joined in the effort. Through Maxs support, the organization received a $10,000 USD Gives grant. He describes the experience of employees coming together to pack hundreds of breakfast baskets for the children as one that fosters a sense of belonging and goodwill across the different teams and businesses. As a global investment manager and fiduciary to our clients, our purpose at BlackRock is to help everyone experience financial well-being. See how The UPS Foundation is responding to the world's most pressing social, environmental, and humanitarian needs. To view this video please enable JavaScript, and consider upgrading to a Our thought leadership in investing, risk management, portfolio construction and trading solutions. The grant reflects BlackRocks commitment to expanding the availability and affordability of clean energy solutions to help the world transition to a net- zero economy. We require that you submit a budget, and appreciate a detailed budget. The securities regulators of such countries have not confirmed the accuracy of any information contained herein. New York City, NY, United States ; www.blackrock.com . BRAF is a 501(c)3 Non-Profit Organization, Federal Tax Exempt ID #91-2130056. Ed SweeneyEmail: ed.sweeney@blackrock.comPhone: 646-231-0268, Kate MikesellEmail: kate.mikesell@breakthroughenergy.org Phone: 202-341-0332, BlackRocks purpose is to help more and more people experience financial well-being. BlackRock co-funds global coalition with McKinsey & Company, Microsoft and Verizon to help more people access jobs in the wake of the pandemic. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. Compass Working Capital is changing that. The commitment is the Foundations largest grant since it was founded in February 2020 and will help bring vital clean energy solutions forward at scale to achieve the worlds decarbonization goals and mitigate the uneven impact of climate change on communities. Our BlackRock Madrid office forged a meaningful partnership with a local nonprofit. Maxs mom (right) attended the afterschool program as a child, and Max has many childhood memories giving back to the organization with his family. Catalysts initial focus will be to help speed the development and commercialization of four clean energy technologies: direct air capture, green hydrogen, sustainable aviation fuel and long-duration energy storage. To print a formal "Request for Grant" application click here (ONLY for organizations that have received funding from the SBM . Last year, Lisa helped Die Arche navigate the Gives Grant process to receive funding to start an online homeschooling program to keep children engaged with school during the lockdown. This continues to be an area of interest to the Foundation. Access lists of funders based on detailed search criteria and other features such as: BlackRock makes charitable contributions to nonprofit partners designed to build innovation, inroads, infrastructure, and insight. Alcoa Foundation makes investment decisions in consultation with community stakeholders based on the local conditions and . First brought to the firm through BlackRocks acquisition of Barclays Global Investors in 2009, the Gives Grants program rapidly scaled across 22 countries and 16 U.S. states and territories. Further information is available in the relevant funds offering documents. Black Rock, a 115-megawatt wind farm in Grant and Mineral counties, is indirectly owned and operated by Clearway. In addition to nominating BUILD for a Gives Grant, Bill has rallied a group of USWA employees to volunteer as mentors to the high school students regularly. Our commitment will help develop four clean energy technologies: direct air capture, green hydrogen, sustainable aviation fuel and long-duration energy storage. It was an experience that made BlackRock feel like a community, Bill says. You may leave this website when you access certain links on this website. All Rights Reserved. Images (up to 5 MB each), Video (up to 60 MB each), Audio (up to 30 MB each) and PDFs (up to 10 MB each). Focus on your strengths and build the expertise you need to develop your career and become a thought leader. This is why The BlackRock Foundation is committing $100M to the Breakthrough Energy Catalyst Program. The firm supports causes employees care about, which includes matching up to $10,000 annually for each employees donations or volunteer hours. ", Marisol Alarcn, Chief Partnerships Officer, Laboratoria: At Laboratoria we work to foster talent diversity in the digital economy of Latin America by training women from underserved backgrounds as web developers and placing them in tech jobs, and by training corporate professionals on the mindset needed to face the digital transformation their companies are experiencing. About Clearway Energy Group Clearway Energy Group is leading the transition to a world powered by clean energy. Upwardly Global is proud to partner with BlackRock in building a workforce and economy that embraces the contributions of immigrants and refugees. 03/23/2021 Helping people access a steady and upwardly mobile income is a critical component of building financial security. Visit savingsproject.org01:49-ENDBlackRock logo card. Visit www.breakthroughenergy.org for more information and connect with Breakthrough Energy on Facebook, Twitter, and LinkedIn. Do not print out and mail this page. Refugees arriving in the UK face huge hurdles in returning to their careers due to language and financial barriers. Employee-led taskforces identify and fund local grassroots organizations focused on racial justice in the US, the UK and Europe. Following orientation, Analysts join their team and stay connected with colleagues across the globe through ongoing training and professional development. Please review these questions to gather the information and materials needed to complete the online application. This charitable contribution will provide long-term funding for the firms philanthropic investments and partnerships through The BlackRock Foundation, a newly established corporate foundation, and the BlackRock Charitable Fund, which was established in 2013 with the contribution of a portion of its investment in PennyMac. Please share any feedback you have about Foundation Directory Online. Since 1999, we've been a leading provider of financial technology, and our clients turn to us for the solutions they need when planning for their most important goals. Beginning withthe 2016 grant cycle, please visit the programs page on the Burning Man website for information on how to apply. It is your responsibility to be aware of the applicable laws and regulations of your country of residence. Below are the questions you will find in BRAFs 2014grant application. Through volunteerism, fundraising and pro-bono support, the Gives Network leverages the power in numbers and combined creativity of BlackRock employees to unlock opportunities to amplify support for local nonprofits. If you are unsure about the meaning of any information provided, please consult your financial or other professional adviser. Centro Mater Foundation is a nonprofit that provides early childhood education and social services to low-income families. Salt Lake City-based neuroscience company, Blackrock Microsystems, whose core brain-computer interface (BCI) technology was developed through the University of Utah's College of Engineering, has closed a $10 million financing round, led by Christian Angermayer's re.Mind Capital with participation . The BlackRock Foundation supports programs in 14 countries that reskill, provide credentials and create equitable pathways to careers. In addition to funding solutions to promote a more inclusive and sustainable economy, BlackRock's Social Impact team supports and empowers BlackRock's employees to give back to their communities in ways that are . Philanthropic capital can help accelerate the availability of clean energy technologies. The SBM Charitable Foundation accepts online pre-applications for grants. Equally this funding is available for new programs within established . Joining our mailing list is the best way to stay connected with BRAFs latest news. Explore our teams and find the opportunity that is right for you. Applications are accepted by invitation only. As a result of money laundering regulations, additional documentation for identification purposes may be required when investing in a fund referred to on this website. In Latin America: this material is for educational purposes only and does not constitute investment advice nor an offer or solicitation to sell or a solicitation of an offer to buy any shares of any Fund (nor shall any such shares be offered or soldto any person) in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities law of that jurisdiction. Neither party should be liable to the other for any loss or damage which may be suffered by the other party due to any cause beyond the first party's reasonable control including without limitation any power failure. Megumi has even inspired interns from BlackRock to volunteer by encouraging them to come up with new activities for the children to do at the camps and then bring them to life. About The Grant. Copyright 2023 Candid. If any funds are mentioned or inferred to in this material, it is possible that some or all of the funds may not have been registered with the securities regulator of any Latin American country and thus might not be publicly offered within any such country. This program does not fund art headed to the Burning Man event in Black Rock City. New York, February 13, 2020 BlackRock, Inc. (NYSE: BLK) has made a charitable contribution of 15.6 million shares of PennyMac Financial Services, Inc. (NYSE: PFSI), with a market value of $589 million, to fund the firms social impact efforts to advance a more inclusive and sustainable economy. CodeDoors special focus on technical and product driven advancements to increase diversity at the IT and software labor market are in line with BlackRocks DNA. We highly encourage you to submit visual aids for your proposal. Meet Judit Gerlits and learn how she discovered the best pathway for her career in technology. Please describe the progress of your project in a time line. This approach builds upon the firms philanthropic leadership on other pressing societal issues that impact the financial security and wellbeing of people and communities around the world. As a global investment manager and fiduciary to our clients, our purpose at BlackRock is to help everyone experience financial well-being. NEW YORK -The BlackRock Foundation today announced a $100 million grant to Breakthrough Energy's Catalyst Program ("Catalyst") to help accelerate the development of the climate solutions necessary to achieve net-zero emissions by 2050. With BlackRock as a key partner, were working to build an economy where every family has the opportunity to save for and invest in the future, by making the opportunity to build assets the norm, and not the exception, in our nations anti-poverty work. Since 1999, we've been a leading provider of financial technology, and our clients turn to us for the solutions they need when planning for their most important goals. . The BlackRock Foundations $100M 5-year investment in Breakthrough Energys Catalyst Program will help bring vital clean energy solutions forward at scale to bring the world closer to net zero and mitigate the uneven impact of climate change on communities. Black Rock Arts Foundation 660 Alabama San Francisco, CA 94110 415-626-1248. If you have been invited to submit a full proposal, it is also required that you submit a budget. With a focus on health and humanitarian relief, economic empowerment, volunteerism, and planet protection, we're upholding our mission to build safer, more resilient, and inclusive communities around the globe. The benefit fund is managed by the US Wind Force Foundation. Were proud to serve and support the communities where we work and live, said Doug Vance, plant manager at Black Rock and Pinnacle Wind. It must not be reproduced, copied or redistributed in whole, or in part. Blackrock Gets New Funding. 2023 BlackRock, Inc. All rights reserved. Please complete the application form below to apply for a grant from The Rapha Foundation. Director, Communications Clearway Energy Group zadie.oleksiw@clearwayenergy.com. In the future, Catalyst intends to expand the same framework to other necessary innovations, like low-carbon steel and cement. A completed application must be submitted online, using the Common Grant Application, by midnight (23:59:59) Central Time (CT) on either April 30 or October 31. "Our role as a BlackRock also formed a partnership to advance decarbonization solutions through late stage venture capital and early growth private equity investment funds. The $100 million grant aligns with BlackRocks conviction that climate risk is investment risk and complements several other initiatives focused on the intersection of sustainability and technology. During Megumi Nakayamas first week at BlackRock in 2013, she joined colleagues in our Tokyo office in hosting a two-day soccer camp for children with disabilities, supporting the nonprofit Japan Blind Football Association (JBFA). Catalyst identifies technologies at critical junctures where investments and blended financing can reduce the green premium - the difference in cost between a carbon emitting technology and its cleaner alternative. BLACKROCKandiSHARESare registered trademarks of BlackRock, Inc. All other trademarks are those of their respective owners. web browser that supports HTML5 video. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to Disability.Assistance@blackrock.com and let us know the nature of your request and your contact information. Society today needs companies to create economic growth that benefits all stakeholders, said Larry Fink, Chairman and CEO of BlackRock. 2023 Clearway Energy Group LLC. The first group of participating organizations including UPS, Uber, Mastercard, Etsy, Brightside, Arizona State University, and Acorns are working with experts from three leading consumer health nonprofits Common Cents Lab, Commonwealth and the Financial Health Network to establish an important financial safety net for their employees, customers, students, and gig workers.. Planning for the future is difficult if not impossible - when youre worried about today, said Deborah Winshel, Global Head of Social Impact at BlackRock. 2 In 2009, BlackRock acquired Barclay's Global Investors (BGI), becoming the world's largest asset manager. The cookie will expire after six months, or sooner should there be a material change to this important information. We believe that we have a responsibility to deploy the firms capital to address pressing social problems. By partnering with leading organizations, the Foundation invests in solutions that can be scaled to drive systems-level change. Catalyst is a new model for how companies, governments and private philanthropy can finance, produce and ensure widespread adoption of next-generation clean technologies. The BlackRock Foundation is a newly established corporate foundation, and the BlackRock Charitable Fund was established in 2013 with the contribution of a portion of its investment in PennyMac. Fast-track your prospect research with a Professional plan subscription. However, the world cannot reach net zero emissions by 2050 unless clean energy products are more price competitive, helping to phase out traditional technologies that emit greenhouse gases. Copyright. BlackRock, Inc. BlackRock also announced this year that it would be forming a partnership to launch a series of late stage venture capital and early growth private equity investment funds that will focus on advancing decarbonization solutions to accelerate global efforts to achieve a net zero economy by 2050. By accessing the website, you certify that you are a financial intermediary acting as an agent on behalf of a non-U.S. And while Social Impact at BlackRock invests in scalable programs and interventions that break down economic barriers and build financial resilience to strengthen our communities globally, our employees are the agents of local change who shape and guide the firms footprint in each community where we operate. The Gives Network builds on the foundation of the long-standing Gives Grants program, where employees can nominate any nonprofit tackling a local challenge to receive a grant. Were complementing our sustainable product innovation with a push for greater transparency and disclosure by supporting SASB and TCFD as the benchmark frameworks for companies to disclose their approach to climate-related risks and the transition to a lower carbon economy. , copied or redistributed in whole, or sooner should there be a material change to important. 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blackrock foundation grant application