Barack and Michelle Obama Give $2M to Summer Jobs Programs

Former President Barack Obama hosted a community event at the Obama Presidential Center in Chicago on Wednesday — and made some big announcements about the future plans for his center’s campus.

The 44th president announced he and his wife, Michelle Obama, will be donating $2 million to summer jobs programs in Chicago.

“One of the things that we will be starting this year is Michelle and I, personally, are going to donate $2 million to our summer jobs programs here in the community, so that right away young people can get to work, and we can start providing opportunities to all of them,” Obama said.

Check out some of the details here:

Beyoncé is Helping Young Women Get in Formation

By way of her  website, Queen B has announced she is awarding four college students with scholarships under her recently launched “Formation Scholars” program. In celebration of the one-year anniversary of her award-winning album Lemonade, this scholarship was formed to “encourage and support young women who are unafraid to think outside the box and are bold, creative, conscious and confident.”

The college and universities selected for participation are Berklee College of Music, Howard University, Parson School of Design and Spelman College.

The scholarship will be awarded to one female student, incoming, current or graduate, pursuing studies in creative arts, music, literature, or African-American studies during the 2017-2018 academic year.

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Speaking of Lemonade, It’s been a little more than a year since B’s album by the same name had its surprise release on April 23, 2016, following an HBO special that featured videos for every track on the record. The album was actually the world’s best selling in 2016. To celebrate, the Queen has assembled “The How to Make Lemonade Box Set,” described as a “momentous tome and comprehensive look” at her “’Lemonade’ journey.”

Selling for $299.99 in a limited edition of 2,500 copies, the set will offer “unprecedented insight” into the making of the album, with a numbered, collector’s, 600-page coffee table book, a first pressing of the double-vinyl LP, and assorted audio and visual album downloads.  The vinyl discs come in a lemon color, of course.

What a Bright Idea!

So, earlier in the week I wrote about NPOs taking on the mindset of Wall Street. Bear with me as I continue on with that theme.

Here’s a bright idea:  Bright Funds, a San Francisco startup takes a “mutual funds approach” to charity donations. Bright-Funds

Donors choose a broad cause – poverty, education, health, water, or environment – and then Bright Funds allocates that money to a variety of nonprofits working on different aspects. For example, “water” includes organizations tackling clean water, sanitation, hygiene, and infrastructure. Your return on investment is not money, they explain, but “the knowledge that your charitable contribution is changing lives, saving resources, and discovering breakthrough technologies.”

You’ll also get updates on how the nonprofits are doing.

Ty Walrod, the cofounder of OutServe for LGBT equality in the military, started Bright Funds with startup veteran Rutul Davè, chief of products and marketing.

Bight Funds seems like a better way to give. What do you think?