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On Tuesday, the Ivey Foundation went all-in for the climate.
In an open letter, the foundation’s president and board chair announced the country’s sixth-oldest foundation will spend down its $100 million endowment within the next five years. In keeping with the foundation’s strategy over the last decade, spend-down funds will support organizations with a targeted focus on climate solutions that promote economic prosperity, with a strong focus on the foundation’s existing grantees.
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