10 Donors Join Forces to Make $1 Billion in Grants to Help Youth Charities Grow - The Chronicle of Philanthropy: "The Edna McConnell Clark Foundation and nine other donors have joined forces to create Blue Meridian Partners, a grant-making collaborative, with the goal of awarding $1 billion to expand the reach of high-performing charities that serve low-income children and youths.
"At a time when the urgent needs of children and youth are on the rise, it is deeply frustrating to me how hard it is for even the most successful nonprofit leaders to grow their organizations to meet these needs," Nancy Roob, the foundation’s chief executive, wrote in a letter announcing the new collaboration. "We are woefully underinvesting in what works.""
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