Warren Buffett’s son Peter Buffett and his wife Jennifer are doing what they can to help drive change for major social issues that have gained traction lately, such as the #MeToo movement, racial injustice and immigrant and refugee justice.
The NoVo Foundation, which they run, is granting $34 million to nonprofits — most led by women of color — in the U.S. and around the world, as part of NoVo’s Radical Hope Fund.
The announcement marks the culmination of a yearlong, global call for social justice partnerships. Out of the 1,000 applications, 19 organizations were selected for funding based on how each project invokes radical hope, courage and creativity, and advances the agenda of positive social change, among other qualities.
Almost one year since its launch, the Radical Hope Fund is a complementary extension of the NoVo Foundation and a multiyear commitment to support transformative social justice work across the globe. Founded in 2006, NoVo has become one of the largest private foundations in the world to support initiatives focused explicitly on girls and women, including a dedicated focus on ending violence against girls and women.
The inaugural grantees are devoted to driving social change in communities, from women Nobel Peace Prize laureates influencing the Korean peace process, to Gen Z and millennial Latinx feminist organizers combining protest with performance, to an international network devoted to eliminating the root cause of violence against females and many others.